Title 30

NRS 349.950 Issuance of state securities or revenue bonds: Limitation on amount; payment; legislative declaration. 1. The Director may, to pay the cost of any water project, borrow money or otherwise become obligated, and may provide evidence of those obligations by issuing, exce…

NRS 349.951 Director may charge fee against obligor; use of proceeds. 1. The Director may charge the obligor a fee not to exceed 2 percent of the principal amount of the financing, including a nonrefundable application fee not to exceed 0.25 percent of the principal amount or $7,…

NRS 349.952 Account for the Financing of Water Projects: Deposits; application of revenue; investment of money from revenue bonds. 1. Except as otherwise provided in subsection 3 and NRS 349.951, all amounts received by the Director from an obligor in connection with any financin…

NRS 349.953 Refunding. 1. Any bonds issued under the provisions of NRS 349.935 to 349.961, inclusive, may be refunded by the Director by the issuance of refunding bonds in an amount which the Director deems necessary to refund the principal of the bonds to be so refunded, any unp…

NRS 349.954 Limitation of actions. No action may be brought questioning the legality of any contract, lease, agreement, indenture, mortgage, order or bonds executed, adopted or taken in connection with any water project or improvements authorized by NRS 349.935 to 349.961, inclus…

NRS 349.955 Faith of State pledged against repeal, amendment or modification of NRS 349.935 to 349.961, inclusive. The faith of the State is hereby pledged that NRS 349.935 to 349.961, inclusive, will not be repealed, amended or modified to impair any outstanding bonds or any rev…

NRS 349.956 Exemption of water projects from requirements of other statutes; exception for statutes relating to employment of persons to work on construction projects. A water project is not subject to any requirements relating to public buildings, structures, ground works or imp…

NRS 349.957 Board for Financing Water Projects: Creation; members. 1. The Board for Financing Water Projects is hereby created. The Board consists of one ex officio member and five members appointed by the Governor. 2. The Governor shall appoint to the Board: (a) One member who i…

NRS 349.958 Board for Financing Water Projects: Compensation of members. 1. Each voting member of the Board is entitled to receive a salary of not more than $80 per day, as fixed by the Board, for his or her services while actually engaged in the performance of his or her duties …

NRS 349.959 Board for Financing Water Projects: Election of Chair; meetings. The Board shall: 1. At its first meeting and annually thereafter elect a Chair from among its voting members. 2. Meet regularly at least once in each calendar quarter and at other times upon the call of …

NRS 349.960 State Engineer may advise Board; State Engineer and Director may assist in preparation of preliminary plan. 1. The State Engineer shall advise the Board, upon its request, of the existence and status of any water rights which affect a water project under consideration…

NRS 349.961 Water projects: Preliminary plan; approval. 1. When any municipality or other obligor desires to undertake a water project, it may present its preliminary plan to the Board for approval. If the proposed water project affects drinking water, the Board shall request tha…

NRS 349.980 Definitions. As used in NRS 349.980 to 349.987, inclusive, unless the context otherwise requires: 1. “Board” means the Board for Financing Water Projects created pursuant to NRS 349.957. 2. “Community sewage disposal system” means a public system of sewage disposal wh…

NRS 349.981 Program to provide grants for water conservation and capital improvements to certain water systems; Board for Financing Water Projects to determine recipients of grants; applicability to certain recipients of provisions governing public works. 1. There is hereby estab…

NRS 349.982 Powers and duties of Board for Financing Water Projects: Administration of program; adoption of regulations; use of money in Fund to defray certain costs and expenses; imposition of administrative fee. 1. The Board shall administer the program and shall adopt regulati…

NRS 349.983 Purveyors of water that are eligible to receive grants; preference for smaller systems; matching money from other sources. 1. Grants may be made pursuant to paragraph (a) of subsection 1 of NRS 349.981 only for the Lincoln County Water District and those community and…

NRS 349.984 Fund for Grants for Water Conservation, Capital Improvements to Certain Water Systems and Improvements to Certain Sewage Disposal Systems: Creation; use; payment of claims. 1. The Fund for Grants for Water Conservation, Capital Improvements to Certain Water Systems an…

NRS 349.985 Fund for Grants for Water Conservation, Capital Improvements to Certain Water Systems and Improvements to Certain Sewage Disposal Systems: Deposit of money; interest and income credited to Fund. All money received for the Fund from: 1. The issuance of bonds pursuant t…

NRS 349.986 General obligation bonds. 1. The State Board of Finance shall issue general obligation bonds of the State of Nevada to support the purposes of the program established by NRS 349.981. The aggregate principal amount of such bonds outstanding at any one time may not exce…

NRS 349.987 Applicability of State Securities Law and certain provisions governing financing of water projects. 1. The provisions of NRS 349.150 to 349.364, inclusive, which are not inconsistent with the provisions of NRS 349.980 to 349.987, inclusive, apply to the bonds issued p…

NRS 350.0015 Definitions. As used in this chapter, unless the context otherwise requires, the words and terms defined in NRS 350.0045 to 350.0075, inclusive, have the meanings ascribed to them in those sections. (Added to NRS by 2001, 2303)

NRS 350.0045 “General obligation debt” defined. “General obligation debt” means debt that is legally payable from general revenues, as a primary or secondary source of repayment, and is backed by the full faith and credit of a governmental entity, and if the governmental entity i…

NRS 350.0055 “Installment-purchase agreement” defined. “Installment-purchase agreement” means an agreement for the purchase of real or personal property by installment or lease or another transaction that is described in NRS 350.800 which: 1. Is required to be counted against any…

NRS 350.0065 “Local government” defined. “Local government” has the meaning ascribed to it in NRS 354.474. (Added to NRS by 2001, 2304)

NRS 350.007 “Medium-term obligation” defined. “Medium-term obligation” means an obligation to repay borrowed money evidenced by a note or bond which is authorized to be issued pursuant to NRS 350.087 to 350.095, inclusive, and which has a term of 10 years or less. The term does n…

NRS 350.0075 “Special obligation” defined. “Special obligation” means a municipal security issued pursuant to NRS 350.582. (Added to NRS by 2001, 2304)

NRS 350.008 Term of installment-purchase agreement. For the purposes of this chapter, the term of an installment-purchase agreement must be determined as the period from the date the agreement is entered into by a local government to the date that the purchase price will be paid …

NRS 350.009 Regulations. 1. The Committee on Local Government Finance may adopt such regulations as are necessary for the administration of this chapter. 2. Any regulations adopted by the Committee on Local Government Finance must be adopted in the manner prescribed for state age…

NRS 350.011 Definitions. 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, 3…

NRS 350.0115 Creation; composition; selection and terms of members; interest in securities issued by State or political subdivision prohibited; vacancies. 1. There is hereby created in each county whose population is 700,000 or more a debt management commission, to be composed of…

NRS 350.012 Meetings; officers; removal of member; quorum; compensation. 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 represent…

NRS 350.0125 Technical assistance provided by Department of Taxation or board of county commissioners to carry out duties of commission. 1. The commission in a county whose population is less than 52,000 may request technical assistance from the Department of Taxation to carry ou…

NRS 350.013 Municipalities to submit annually statement of current and contemplated general obligation debt and special elective taxes, statement of debt management policy, plan for capital improvement or alternate statement and certain information regarding chief financial offic…

NRS 350.0135 Proposal resulting in increase of rate of property taxes: Determination and notification of affected governmental entities by municipality; approval or objection by affected governmental entity; notification of commission of objection; resolution of conflict by commi…

NRS 350.014 Approval or notification of commission required for certain proposals. 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…

NRS 350.0145 Notice and submission of statement of certain proposals to commission; procedure for approval or disapproval. 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 …

NRS 350.015 Criteria for approval or disapproval of certain proposals; requests for information; use of money received from sale of general obligation debt or from special elective tax. 1. In determining whether to approve, conditionally or provisionally approve, or disapprove a …

NRS 350.0155 Commission to specify percentage of limitation on total ad valorem tax levy and establish priorities among essential and nonessential facilities and services for purposes of NRS 350.015. At the annual meeting required by subsection 2 of NRS 350.012, the commission sh…

NRS 350.016 Evaluation of proposal: Power of commission to employ consultants; costs. 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 …

NRS 350.0165 Applicability of NRS 350.011 to 350.0165, inclusive. 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 …

NRS 350.020 Use of general obligation only for stated purpose; submission to electors of proposal to issue general obligations; restrictions on special elections; issuance of general obligations secured by pledge of revenues and issuance of special or medium-term obligations with…

NRS 350.0201 First additional 10-year period for issuance of certain general obligation bonds by board of trustees of school district. If the voters approved a question that was submitted by a board of trustees of a school district in accordance with subsection 4 of NRS 350.020 f…

NRS 350.0203 Second additional 10-year period for issuance of certain general obligation bonds by board of trustees of school district. If the voters approved a question that was submitted by a board of trustees of a school district in accordance with subsection 4 of NRS 350.020 …

NRS 350.0205 Committee on Local Government Finance to provide forms for submitting ballot question and examples of past ballot questions for issuance or incurrence of general obligations. 1. The Committee on Local Government Finance shall annually provide to each city clerk, coun…

NRS 350.021 Proposal may be combined on ballot with proposal to levy tax ad valorem for related purpose. A proposal to issue or incur general obligations pursuant to NRS 350.020 and a proposal to levy an additional tax ad valorem pursuant to NRS 354.5982 for a purpose related to …

NRS 350.022 Notice of election on proposal to issue general obligations: Publication. 1. Whenever a municipality by ordinance or resolution, as the governing body may determine, has ordered that a proposal to issue or incur general obligations be submitted to the voters at a spec…