5 sections · 0 paragraphs in this article.
Nev. Const. art. 9, § 1 Fiscal year
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The fiscal year shall commence on the first day of July of each year. [Amended in 1930. Proposed and passed by the 1927 legislature; agreed to and passed by the 1929 legislature; and approved and ratified by the people at the 1930 general election. See: Statutes of Nevada 1927, p…
Nev. Const. art. 9, § 2 Annual tax for state expenses; trust funds for industrial accidents, occupational diseases and public employees’ retirement system; administration of public employees’ retirement system
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1. The legislature shall provide by law for an annual tax sufficient to defray the estimated expenses of the state for each fiscal year; and whenever the expenses of any year exceed the income, the legislature shall provide for levying a tax sufficient, with other sources of inco…
Nev. Const. art. 9, § 3 State indebtedness: Limitations and exceptions
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The State may contract public debts; but such debts shall never, in the aggregate, exclusive of interest, exceed the sum of two per cent of the assessed valuation of the State, as shown by the reports of the county assessors to the State Controller, except for the purpose of defr…
Nev. Const. art. 9, § 4 Assumption of debts of county, city or corporation by state
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The State shall never assume the debts of any county, town, city or other corporation whatever, unless such debts have been created to repel invasion[,] suppress insurrection or to provide for the public defense.