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Code · Nevada · CHAPTER 271 - LOCAL IMPROVEMENTS

NRS 271.680 Limitations on issuance of bonds.

74 words·~1 min read·/nv/chapter-271-local-improvements/271-680

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NRS 271.680 Limitations on issuance of bonds. If the governing body of a municipality adopts an assessment ordinance in accordance with NRS 271.650 :
1. None of the bonds, if any, issued for the improvement district may be secured by a pledge of the taxing power or general fund of the municipality; and
2. NRS 271.495 and 271.500 do not apply to any bonds issued for the improvement district.
ALTERNATIVE PROCEDURE FOR LOCAL IMPROVEMENTS
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