US Lawyer Database

NRS 354.723 – Severe financial emergency: Procedure for disincorporation or dissolution of local government in certain circumstances; requirement for local government to take remedial action in certain circumstances.

1. If the Executive Director determines that a severe financial emergency which exists in a local government under management by the Department is unlikely to cease to exist within 3 years, the Executive Director shall determine: (a) The amount any tax or mandatory assessment levied by the local government must be raised to ensure a […]

NRS 354.725 – Severe financial emergency: Termination or modification of management of local government on motion of Nevada Tax Commission or at request of local government or Committee on Local Government Finance.

1. The Nevada Tax Commission may, on its own motion or at the request of a local government or the Committee, terminate the management of a local government by the Department at any time upon a finding that the severe financial emergency has ceased to exist. 2. The governing body of a local government which […]

NRS 354.760 – Notice to debtor of required payee of negotiable instrument.

1. All invoices or other notices issued by a local government to collect an account receivable must state that if the debtor wishes to pay by check or other negotiable instrument, such negotiable instrument must name as payee: (a) The local government; or (b) The title of the governmental official charged by law with the […]

NRS 354.695 – Severe financial emergency: Powers and duties of Department of Taxation; reimbursement for expenses; allocation from Contingency Account; recommendations by local government; cooperation of state agencies; delegation of powers and duties to financial manager; method for termination of management.

1. As soon as practicable after taking over the management of a local government, the Department shall, with the approval of the Committee: (a) Establish and implement a management policy and a financing plan for the local government; (b) Provide for the appointment of a financial manager for the local government who is qualified to […]