350.708 - Conclusive determination of governing body that statutory limitations have been met.
350.708 Conclusive determination of governing body that statutory limitations have been met. The determination of the governing body that the limitations in the Local Government Securities Law imposed upon the issuance of bonds or upon the issuance of other securities hereunder, including without limitation any securities for funding or refunding securities, have been met shall be conclusive in the absence of fraud or arbitrary and gross abuse of discretion regardless of whether the authorizing ordinance or the securities thereby authorized contain a recital as authorized by NRS 350.628.
(Added to NRS by 1967, 446; A 1969, 1595)