“Borrowing local government” defined.

NRS 277.071 “Borrowing local government” defined. “Borrowing local government” means a local government authorized to borrow money and become obligated to repay it which: 1. Borrows money from an issuer; or 2. Leases or enters into an arrangement for an installment purchase with a facility financed by an issuer. (Added to NRS by 1987, 1619)