The provisions of NRS 350.011 to 350.0165 , inclusive, do not apply to: 1. Any general obligation debt incurred or special elective tax levied before July 1, 1995; 2. Any general obligation debt or special elective tax approved at an election held before July 1, 1995, whether or not the debt is incurred or tax is levied before that date; 3. Any general obligation debt authorized to be incurred, or special elective tax authorized to be levied, by a special act adopted and approved before July 1, 1995; 4. Any debt incurred for the purpose of refunding any outstanding general obligation debt; and 5. Any medium-term obligation, except a medium-term obligation issued after July 1, 2001, by a general improvement district whose population within its boundaries is less than 5,000.
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