NRS 279.680 – Pledging portion of taxes for payment of principal and interest on loans, advances or indebtedness.
Except as otherwise provided in subsection 6 of NRS 279.676 and NRS 279.685 and 279.6855, in any redevelopment plan, or in the proceedings for the advance of money, or the making of loans, or the incurring of any indebtedness, whether funded, refunded, assumed or otherwise, by the redevelopment agency to finance or refinance, in whole […]
NRS 279.683 – Faith of State pledged not to impair securities.
The faith of the State is hereby pledged that this chapter, any law supplemental or otherwise pertaining thereto, and any other act concerning the bonds or other securities, taxes or the pledged revenues, or any combination of such securities, such taxes and such revenues will not be repealed or amended or otherwise directly or indirectly […]
NRS 279.685 – Certain cities to set aside revenue for affordable housing and public educational activities, programs and facilities; limitations; uses.
1. Except as otherwise provided in this section or subsections 6 and 7 of NRS 279.676, an agency of a city whose population is 500,000 or more that receives revenue from taxes pursuant to paragraph (b) of subsection 1 of NRS 279.676 shall set aside: (a) Not less than 15 percent of that revenue received […]
NRS 279.6855 – Certain cities to set aside revenue for public educational activities, programs and facilities; limitations.
1. Except as otherwise provided in this section, an agency of a city whose population is 220,000 or more but less than 500,000 that adopts an ordinance pursuant to paragraph (a) of subsection 1 of NRS 279.438 or subsection 4 of NRS 279.439 and which receives revenue pursuant to paragraph (b) of subsection 1 of […]
NRS 279.687 – Limitations on use of money set aside for public educational activities, programs and facilities.
A school district shall not use any money received pursuant to subsection 6 of NRS 279.676, paragraph (b), (c) or (d) of subsection 1 of NRS 279.685 or NRS 279.6855 to reduce or supplant the amount of any money which the school district would otherwise expend for the purposes described in those provisions. (Added to […]
NRS 279.676 – Allocation, division and disposition of money from taxes; limitation on revenue; repayment of bond or other indebtedness; recalculation of total assessed value of taxable property in redevelopment area in county whose population is 700,000 or more; set aside of revenue for public educational activities, programs and facilities.
1. Any redevelopment plan may contain a provision that taxes, if any, levied upon taxable property in the redevelopment area each year by or for the benefit of the State, any city, county, district or other public corporation, after the effective date of the ordinance approving the redevelopment plan, must be divided as follows: (a) […]
NRS 279.678 – Assessment and taxation of leased redeveloped property; provision in lease for lessee to pay taxes.
Whenever property in any redevelopment project has been redeveloped and thereafter is leased by the redevelopment agency to any person or persons or whenever the agency leases real property in any redevelopment project to any person or persons for redevelopment, the property shall be assessed and taxed in the same manner as privately owned property, […]
NRS 279.660 – Issuance of bonds: Effects of breach of covenants; events of default; waiver.
An agency may: 1. Covenant as to the rights, liabilities, powers and duties arising upon the breach by it of any covenant, condition or obligation. 2. Covenant and prescribe as to events of default and terms and conditions upon which any or all of its bonds or obligations become or may be declared due before […]
NRS 279.662 – Power of agency to provide for powers and duties of bondholders’ trustee or bondholders.
An agency may: 1. Vest in a trustee or the holders of bonds or any proportion of them the right to enforce the payment of the bonds or any covenants securing or relating to the bonds. 2. Vest in a trustee the right, in the event of a default by the agency, to take possession […]
NRS 279.664 – Power of agency to make additional covenants; additional powers.
An agency may: 1. Make covenants other than and in addition to the covenants expressly authorized of like or different character. 2. Make such covenants and do any and all such acts and things as may be necessary, convenient or desirable to secure its bonds, or, except as otherwise provided in this chapter, as will […]