Except as otherwise provided in this chapter or where the context otherwise requires, terms used or referred to in this chapter are as defined in the County Bond Law, insofar as they apply to counties, and the City Bond Law, insofar as they apply to cities, and except as otherwise provided in those laws, as […]
“Bond requirements” means the principal of, any prior redemption premiums due in connection with and the interest on, or other amounts due in connection with, the designated bonds or other securities, advances, loans or indebtedness. (Added to NRS by 2017, 3812)
“Clerk” means the county clerk or city clerk, as appropriate. (Added to NRS by 2005, 1757)
“Cost of the undertaking” or any phrase of similar import, means the “cost of any project” as the latter phrase is defined in the Local Government Securities Law. (Added to NRS by 2005, 1757)
“County” means any county in this State. (Added to NRS by 2005, 1757)
“Engineer” means the municipal engineer or firm of engineers employed by the municipality in connection with any undertaking, any project or the exercise of any power authorized in this chapter. (Added to NRS by 2005, 1757)
“Governing body” means the board of county commissioners, the board of supervisors, the city council or the board of commissioners, as appropriate. (Added to NRS by 2005, 1757)
“Municipality” means any county or city in this State. (Added to NRS by 2005, 1757)
“Natural resources project” means: 1. A drainage and flood control project; 2. A sewerage project; 3. A wastewater project; or 4. A water project. (Added to NRS by 2015, 29th Special Session, 42)
“Newspaper” means a newspaper printed in the English language at least once each calendar week of general circulation in the municipality. (Added to NRS by 2005, 1757)
“Posting” means posting in three public places at or near the site of the undertaking or any project designated at least 20 days before the designated hearing or other time or event. (Added to NRS by 2005, 1757)
“Publication” or “publish” means publication in at least one newspaper, except as otherwise expressly provided or necessarily implied in this chapter, at least once a week for 3 consecutive weeks by three weekly insertions, the first publication being at least 15 days before the designated time or event. (Added to NRS by 2005, 1757)
“Rail project” means any railroad, railroad tracks, rail spurs and any structures or facilities necessary for freight rail service provided by a regional transportation commission pursuant to NRS 277A.283, including, without limitation, equipment, terminals, stations, platforms and other facilities necessary, useful or desirable for such a project and all property, easements, rights-of-way and other rights […]
“Specially benefited zone” means an area which is specially benefited by an undertaking under this chapter. (Added to NRS by 2005, 1758)
“Tax increment account” means a special account created pursuant to NRS 278C.220. (Added to NRS by 2005, 1758)
“Tax increment area” means the area: 1. Whose boundaries are coterminous with those of a specially benefited zone established as provided in NRS 278C.150; 2. Specially benefited by an undertaking under this chapter; 3. Designated by ordinance as provided in NRS 278C.220; and 4. In which is located: (a) The taxable property the assessed valuation […]
“Undertaking” means any enterprise to acquire, improve or equip, or any combination thereof: 1. In the case of counties: (a) A drainage and flood control project, as defined in NRS 244A.027; (b) An overpass project, as defined in NRS 244A.037; (c) A sewerage project, as defined in NRS 244A.0505; (d) A street project, as defined […]
1. Except as otherwise provided in subsections 2, 3 and 4, the governing body of a municipality, on the behalf and in the name of the municipality, may designate a tax increment area comprising any specially benefited zone within the municipality designated for the purpose of creating a special account for the payment of bonds […]
1. A tax increment area may be created pursuant to this section by a cooperative agreement between a city in which the principal campus of the Nevada State College is located or intended to be located and the Nevada System of Higher Education, if the boundaries of the tax increment area include only land: (a) […]
1. A municipality may adopt an ordinance ordering an undertaking and creating the tax increment area and the tax increment account pertaining thereto pursuant to NRS 278C.220 which includes provisions for: (a) The allocation of the proceeds of any tax on the sale or use of tangible personal property to the tax increment account of […]
