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Current as of January 01, 2021 | Updated by FindLaw Staff
Nothing contained in the Local Government Securities Law shall be so construed as to prevent the municipality from applying any funds (other than taxes) that may be available for that purpose to the payment of the interest on or the principal of any general obligation municipal securities as the same respectively mature, and regardless of whether the payment of the general obligation municipal securities is additionally secured by a pledge of revenues, and upon such payments, the levy or levies of taxes provided in the Local Government Securities Law may thereupon to that extent be diminished.
Cite this article: FindLaw.com - Nevada Revised Statutes Title 30. Public Borrowing and Obligations § 350.598. Application of other available money to payment of interest on and principal of securities issued as general obligations - last updated January 01, 2021 | https://codes.findlaw.com/nv/title-30-public-borrowing-and-obligations/nv-rev-st-350-598/
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