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Code · Nevada · CHAPTER 349 - STATE OBLIGATIONS

NRS 349.250 Payment of state securities not to be secured by encumbrance, mortgage or pledge of State’s property; exception.

81 words·~1 min read·/nv/chapter-349-state-obligations/349-250·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

NRS 349.250 Payment of state securities not to be secured by encumbrance, mortgage or pledge of State’s property; exception. The payment of state securities shall not be secured by an encumbrance, mortgage or other pledge of property of the State, except for its pledged revenues, proceeds of taxes and any other moneys pledged for the payment of the securities. No property of the State, subject to such exception, shall be liable to be forfeited or taken in payment of the securities.
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