Medium-term obligation defined.
Nev. Rev. Stat. § 350.007
in effectMedium-term obligation means an obligation to repay borrowed money evidenced by a note or bond which is authorized to be issued pursuant to NRS 350.087 to 350.095, inclusive, and which has a term of 10 years or less. The term does not include an obligation which has a term of less than 1 year and which is payable in full from money appropriated for the same fiscal year that the obligation is incurred.
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-350.htmlFetched: 10/4/2026