Current as of January 01, 2020 | Updated by FindLaw Staff
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1. The payment of county or state securities or any other obligations of the county or State shall not be secured by an encumbrance, mortgage or other pledge of property of the county or State, except for its pledged revenues, proceeds of taxes, proceeds of assessments, and any other money pledged for the payment of the securities or such other obligations.
2. No property of the county or the State, except as provided in subsection 5 of NRS 244A.507 and in subsection 1 of this section, is liable to be forfeited or taken in payment of any county or state securities or other obligations of the county or the State.
Cite this article: FindLaw.com - Nevada Revised Statutes Title 20. Counties and Townships: Formation, Government and Officers § 244A.559. Liability of county or State on its securities and other obligations - last updated January 01, 2020 | https://codes.findlaw.com/nv/title-20-counties-and-townships-formation-government-and-officers/nv-rev-st-244a-559/
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