NRS387.400. Limitation on bonded indebtedness of county school district.

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The total bonded indebtedness of a county school district must at no time exceed an amount equal to 15 percent of the total of the last assessed valuation of taxable property, excluding motor vehicles, situated within the county school district.

[168:32:1956]—(NRS A 1963, 347; 1979, 1592; 1989, 1882; 1995, 179)

                    
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