NRS 354.535 “General long-term debt” defined.
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/nv/chapter-354-local-financial-administration/354-535·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
NRS 354.535 “General long-term debt” defined. “General long-term debt” means debt which is legally payable from general revenues and is backed by the full faith and credit of a governmental unit. The term includes obligations issued by a local government pursuant to chapter 350 of NRS and other long-term liabilities, including, without limitation, accrued compensated absences and claims for workers’ compensation.