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Code · Nevada · CHAPTER 474 - COUNTY FIRE PROTECTION DISTRICTS

NRS 474.514 Limit on indebtedness.

55 words·~1 min read·/nv/chapter-474-county-fire-protection-districts/474-514·

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NRS 474.514 Limit on indebtedness. No indebtedness, as defined in NRS 350.586 , including outstanding indebtedness, shall be incurred by any district organized pursuant to NRS 474.460 or 474.533 in an aggregate principal amount exceeding 5 percent of the total last assessed valuation of taxable property (excluding motor vehicles and cattle) situated within the district.
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