Limitations on issuance of bonds.

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. (Added to NRS by 2003, 2935) ALTERNATIVE PROCEDURE FOR LOCAL IMPROVEMENTS