NRS 271.472 Financial report required of association providing improvements for neighborhood improvement projects.

222 words·~1 min read·/nv/chapter-271-local-improvements/271-472

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

1. The association with which a governing body contracts pursuant to NRS 271.332 shall cause to be prepared a report for each fiscal year in which assessments are to be levied and collected.

2. The report prepared pursuant to subsection 1 must be filed with the city clerk on or before February 1 of the fiscal year immediately preceding the fiscal year to which the report applies and must include:

(a)The name of the improvement district;

(b)The fiscal year to which the report applies;

(c)Any proposed changes to the boundaries of the improvement district for that fiscal year;

(d)The improvements to be provided for that fiscal year;

(e)An estimate of the cost of providing the improvements set forth pursuant to paragraph (d);

(f)The method and basis of levying each assessment to be levied for that fiscal year in sufficient detail to allow each property owner to calculate the amount of the assessment to be levied against his or her property for that fiscal year;

(g)The amount of any surplus or deficit revenues to be carried over from a preceding fiscal year; and

(h)The amount of any money received by the district from sources other than assessments levied pursuant to this chapter.