Nevada Code § 349.232

Securities issued as special obligations do not constitute outstanding indebtedness of State
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Any other
state securities (except general obligation notes and general obligation
warrants) constitute special obligations of the State, and all such other
securities (including all notes and warrants, general obligations or special
obligations, payable within 1 year from date) do not constitute outstanding
indebtedness of the State nor exhaust its debt-incurring power under any such
debt limitation.

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