As used in NRS 354.655 to 354.725, inclusive, unless the context requires otherwise: 1. “Basic function” means an activity of a local government for the purpose of accomplishing a primary service or function of the local government, including, without limitation, those services and functions relating to general governance, public safety, public works, public health, public […]
1. The purpose of NRS 354.655 to 354.725, inclusive, is to: (a) Restore and maintain the financial solvency of any local government in financial distress; (b) Provide basic functions for which a local government in financial distress is responsible; and (c) Provide a tiered program of financial oversight and assistance by the State based on […]
1. If a local government does not file a statement, report or other document as required by the provisions of NRS 350.013, 354.5945, 354.6015, 354.6025, 354.624, 354.6245 or 387.303 within 15 days after the day on which it was due, the Executive Director shall notify the governing body of the local government in writing that […]
1. Upon receipt of notification by the Board of the Public Employees’ Benefits Program pursuant to NRS 287.0434 that a local government is delinquent by more than 90 days on an amount due to the Public Employees’ Benefits Program pursuant to paragraph (b) of subsection 4 of NRS 287.023, the Executive Director shall notify the […]
1. If the Department determines that one or more of the conditions identified in paragraphs (a) to (aa), inclusive, of subsection 2 of NRS 354.685 exist in a local government, and after giving consideration to the severity of each such condition, the Department shall provide written notice to the local government, the Commission and the […]
1. The Committee may, upon the recommendation of the Executive Director pursuant to subsection 2 or at the request of a local government pursuant to subsection 3, conduct one or more hearings to determine whether a severe financial emergency exists in a local government. 2. The Executive Director may, after giving consideration to the severity […]
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 […]
1. As soon as practicable after the Department takes over the management of a local government, the Executive Director shall prepare a plan of revenue enhancement and expense mitigation, for consideration by the Committee, that will lead to sustainable financial stability for the local government. In preparing the plan, the Executive Director shall: (a) Determine […]
1. If a local government or any officer or employee of the local government fails to comply with any request made by the Department pursuant to NRS 354.695, the Department may apply to the district court to compel compliance. 2. In any proceeding brought pursuant to subsection 1, the Department may seek a declaration by […]
1. The Severe Financial Emergency Fund is hereby created in the State Treasury as a revolving fund. The Executive Director shall administer the Fund. 2. The money in the Fund must be invested as other state funds are invested. Any interest and income earned on the money in the Fund must, after deducting any applicable […]
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 […]
The management of the Department ceases at the time of the disincorporation or dissolution of a local government pursuant to NRS 354.723. (Added to NRS by 1999, 2537)
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 […]