NRS355.080. Restrictions on investment in county bonds.

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No part of the State Permanent School Fund may be invested in the bonds of any county whose entire bonded indebtedness for all purposes exceeds 10 percent of its assessed valuation; and the amount of bonds of any county purchased or invested in by the State Treasurer may not, in the aggregate, exceed 4 percent of the assessed valuation of any county.

[5:212:1917; A 1928, 30; 1947, 267; 1943 NCL § 6966]—(NRS A 1979, 724)

                    
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