Nevada Code § 350.588

Securities issued as special obligations do not constitute outstanding indebtedness
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Any
other municipal securities (except general obligation notes and general
obligation warrants) constitute special obligations of the municipality, 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 municipality nor exhaust its
debt-incurring power under any such debt limitation.

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