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NRS 320.120 - Establishment of special account for deposit of assessments; restrictions on use of money in account; payment of claims against account.

NV Rev Stat § 320.120 (2019) (N/A)
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1. The board of county commissioners shall establish, with the county treasurer, a special account in the general fund of the county for money collected pursuant to NRS 320.110. The account is a separate and continuing account and no money in the account reverts to the general fund of the county at any time. Any money collected by the board of county commissioners pursuant to NRS 320.110 must be deposited in the account. The interest and income earned on the money in the account, after deducting any applicable charges, must be credited to the account.

2. Any money in the account must be used only to carry out the provisions of NRS 320.010 to 320.140, inclusive.

3. The county treasurer shall pay any claim against the account that is:

(a) Submitted by the board to pay for a contract entered into pursuant to NRS 320.100; and

(b) Signed by the chair and vice chair of the board.

(Added to NRS by 1999, 2087)

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NRS 320.110 - Apportionment and collection of assessments; submission of annual reports by board of directors to board of county commissioners.
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NRS 320.130 - Sale of real property within district prohibited without notice to purchaser of existence of district and amount of assessments.