As used in NRS 350.011 to 350.0165, inclusive, unless the context otherwise requires: 1. “Commission” means a debt management commission created pursuant to NRS 350.0115. 2. “Special elective tax” means a tax imposed pursuant to NRS 354.59817, 354.5982, 387.3285 or 387.3287. (Added to NRS by 1965, 1433; A 1993, 2655; 1995, 369, 765, 774, 1811; […]
1. There is hereby created in each county whose population is 700,000 or more a debt management commission, to be composed of: (a) Three representatives of the board of county commissioners from its membership; (b) One representative of each governing body of the five largest incorporated cities in the county from its membership; (c) One […]
1. The commission shall meet during the month of February of each year to organize by selecting a chair and vice chair. In a county whose population is 700,000 or more, the chair must be one of the representatives of the board of county commissioners. The county clerk is ex officio the secretary of the […]
1. The commission in a county whose population is less than 47,500 may request technical assistance from the Department of Taxation to carry out the duties of the commission. Upon such a request, the Department of Taxation shall provide to that commission such technical assistance to the extent that resources are available. 2. The board […]
1. Except as otherwise provided in this section, on or before August 1 of each year, the governing body of a municipality which proposes to issue or has outstanding any general obligation debt, other general obligations or special obligations, or which levies or proposes to levy any special elective tax, shall submit to the Department […]
1. Before a municipality may submit to the commission a proposal that will result in an increase in the rate of property taxes, the municipality shall: (a) Determine whether there is an affected governmental entity; and (b) If there is an affected governmental entity, provide written notification to the affected governmental entity. 2. A notification […]
1. Before any proposal to incur a general obligation debt or levy a special elective tax may be submitted to the electors of a municipality, before any issuance of general obligation bonds pursuant to subsection 4 of NRS 350.020, before entering into an installment-purchase agreement with a term of more than 10 years or, before […]
1. The governing body of the municipality proposing to incur general obligation debt, to enter an installment-purchase agreement with a term of more than 10 years or to levy a special elective tax and the board of trustees of a general improvement district whose population within its boundaries is less than 5,000 who proposes to […]
1. In determining whether to approve, conditionally or provisionally approve, or disapprove a proposal to incur debt, to enter an installment-purchase agreement with a term of more than 10 years or to levy a special elective tax, the commission shall not, except as otherwise provided in paragraph (d) and NRS 350.0135, initiate a determination as […]
At the annual meeting in August required by NRS 350.012, the commission shall: 1. Specify a percentage, which must not be less than 75 percent, for the purposes of paragraph (d) of subsection 1 of NRS 350.015; and 2. Establish priorities among essential and nonessential facilities and services for the purposes of paragraph (d) of […]
The commission has the power, with the consent of the municipality which proposes to incur a debt or levy a special elective tax, to contract for or employ accountants and financial consultants to evaluate any proposal which it must approve or disapprove. The cost of such services must be paid by the consenting municipality which […]
The provisions of NRS 350.011 to 350.0165, inclusive, do not apply to: 1. Any general obligation debt incurred or special elective tax levied before July 1, 1995; 2. Any general obligation debt or special elective tax approved at an election held before July 1, 1995, whether or not the debt is incurred or tax is […]
