NRS 271.650 – Pledge of sales or use tax proceeds in assessment ordinance for project in certain counties: Amount; required determinations; interlocal agreements; conclusiveness of determinations.
1. Except as otherwise provided in this section, the governing body of a municipality in a county whose population is less than 700,000 may include in an assessment ordinance for a project the pledge of a single percentage specified in the ordinance, which must not exceed 75 percent, of: (a) An amount equal to the […]
NRS 271.660 – Agreement with Department of Taxation regarding distribution of pledged amounts.
After the adoption of an assessment ordinance in accordance with NRS 271.650, the governing body of the municipality and the Department of Taxation shall enter into an agreement specifying the dates and procedure for distribution to the municipality of the amounts pledged pursuant to subsection 1 of NRS 271.650. The distributions must: 1. Be made […]
NRS 271.670 – Agreement with owner of property interest in district to defray cost of local governmental services during term of pledge: Contents; determination by governing body of municipality; notice to and hearing by board of trustees of school district; conclusiveness of governing body’s determination.
1. After the adoption of an assessment ordinance in accordance with NRS 271.650, the governing body of a municipality may, except as otherwise provided in subsection 2, enter into an agreement with one or more of the owners of any interest in property within the improvement district, pursuant to which that owner would agree to […]
NRS 271.680 – Limitations on issuance of bonds.
If the governing body of a municipality adopts an assessment ordinance in accordance with NRS 271.650: 1. None of the bonds, if any, issued for the improvement district may be secured by a pledge of the taxing power or general fund of the municipality; and 2. NRS 271.495 and 271.500 do not apply to any […]
NRS 271.700 – Applicability of NRS 271.700 to 271.730, inclusive.
The provisions of NRS 271.700 to 271.730, inclusive, apply to the governing body of a city or county. (Added to NRS by 1995, 1963)
NRS 271.710 – Exemption from compliance with certain provisions; agreement with owners of all assessable property in district; powers of governing body; applicability of provisions governing payment of prevailing wage for projects.
1. A governing body may adopt an ordinance pursuant to NRS 271.325 creating a district and ordering a project to be acquired or improved and may contract with a person to construct or improve a project, issue bonds or otherwise finance the cost of the project and levy assessments, without complying with the provisions of […]
NRS 271.720 – Requirements, conditions and effect of agreement with owners of all assessable property in district.
1. Any agreement made pursuant to NRS 271.710 must: (a) Include a description of the property in the district; (b) Be signed by the chair of the governing body and the owners of all assessable property within the district; (c) Be accompanied by an acknowledgment of each signature; and (d) Be recorded in the office […]
NRS 271.730 – Fixing of rates of interest regarding property sold after date of agreement with owners of all property in district.
1. If the rate of interest on bonds issued and assessments levied for a district created pursuant to NRS 271.710 is determined from time to time as provided in NRS 271.487, the rate of interest on assessments must be fixed for the remaining term of the installments for any assessment on a parcel of property […]
NRS 271.800 – Procedure for establishing district; combination with another project; requirements for construction of project; applicability of public bidding requirements limited; applicability of provisions governing prevailing wage for projects; prerequisites to commencement of construction.
1. A governing body may, pursuant to NRS 271.275 or 271.710, establish a district to finance an underground conversion project. Before the governing body may adopt an ordinance pursuant to NRS 271.325 to establish such a district, each service provider that owns the overhead service facilities to be converted to underground facilities must submit its […]
NRS 271.850 – Requirements for placement of service facilities underground; calculation of costs for conversion.
1. The service facilities within the boundaries of each lot within a district to finance an underground conversion project established pursuant to NRS 271.800 must be placed underground at the same time as or after the underground system in private easements and public places is placed underground. The service provider involved, directly or through a […]