Securities issued as special obligations do not constitute outstanding indebtedness of State.

Nev. Rev. Stat. § 349.232
in effect
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Any other state securities (except general obligation notes and general obligation warrants) constitute special obligations of the State, and all such other securities (including all notes and warrants, general obligations or special obligations, payable within 1 year from date) do not constitute outstanding indebtedness of the State nor exhaust its debt-incurring power under any such debt limitation.
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-349.htmlFetched: 10/4/2026

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