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 […]
NRS 279.640 – Authorization of bonds; sale.
1. The agency may authorize bonds by resolution. The resolution, trust indenture or mortgage must provide for: (a) The issuance of the bonds in one or more series. (b) The date the bonds will bear. (c) The maturity dates of the bonds. (d) The interest rate. (e) The denomination of the bonds. (f) Their form, […]
NRS 279.642 – Validity of bonds: Termination of office.
If any agency member or officer whose signature appears on bonds or coupons ceases to be such member or officer before delivery of the bonds, the signature of the member or officer is as effective as if the member or officer had remained in office. (Added to NRS by 1959, 669)
NRS 279.644 – Negotiability of bonds.
Bonds issued pursuant to this chapter are fully negotiable. (Added to NRS by 1959, 669)
NRS 279.646 – Validity of bonds: Presumptions.
In any action or proceeding involving the validity or enforceability of any bonds or their security, any such bond reciting in substance that it has been issued by the agency to aid in financing a redevelopment project is conclusively deemed to have been issued for a redevelopment project and the project is conclusively deemed to […]
NRS 279.648 – Issuance of bonds: Pledge of revenues; encumbrances of property.
An agency may: 1. Pledge all or any part of its gross or net rents, fees or revenues to which its right then exists or may thereafter come into existence. 2. Encumber by mortgage, deed of trust or otherwise all or any part of its real or personal property, then owned or thereafter acquired. (Added […]