NRS 355.080 Restrictions on investment in county bonds.
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/nv/chapter-355-public-investments/355-080·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
NRS 355.080 Restrictions on investment in county bonds. No part of the State Permanent School Fund may be invested in the bonds of any county whose entire bonded indebtedness for all purposes exceeds 10 percent of its assessed valuation; and the amount of bonds of any county purchased or invested in by the State Treasurer may not, in the aggregate, exceed 4 percent of the assessed valuation of any county.