General obligation bonds.
Nev. Rev. Stat. § 349.986
in effect1. The State Board of Finance shall issue general obligation bonds of the State of Nevada to support the purposes of the program established by NRS 349.981 . The aggregate principal amount of such bonds outstanding at any one time may not exceed $125,000,000.
2. The net proceeds from the sale of the bonds must be deposited in the Fund.
3. The bonds must be redeemed through the Consolidated Bond Interest and Redemption Fund.
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-349.htmlFetched: 10/4/2026
