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)
Nevada Legal Code