Nevada Revised Statutes Title 30. Public Borrowing and Obligations § 350.604. Payment of municipal securities not to be secured by encumbrance, mortgage or pledge of municipality's property; exception

1. Except as otherwise provided in subsection 2:

2. The payment of municipal securities may be secured by pledged revenues, proceeds of taxes and any other money pledged for the payment of the securities. A municipality may encumber, mortgage or otherwise pledge property purchased from the proceeds of a loan to secure repayment of that loan.