In lieu of issuing bonds or interim securities to defray the cost of an improvement to be constructed by way of a special improvement district, the governing body may advance money to cover that cost from:
1. The general fund of the municipality, if the cost of the improvement does not exceed $300,000; or
2. A proprietary fund, if the municipality has established a proprietary fund for that purpose pursuant to NRS 354.612.
(Added to NRS by 1979, 489; A 1981, 955; 1989, 610; 2001, 1821)
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