1. Except as otherwise provided in this subsection, money to acquire, develop, construct, equip, operate, maintain, improve and manage libraries, parks, recreational programs and facilities, and facilities and services for senior citizens, and to preserve and protect agriculture, or for any combination of those purposes may be obtained, as the board may determine:
(a) By the issuance of bonds and other securities as provided in subsection 2, subject to any pledges, liens and other contractual limitations made pursuant to this chapter;
(b) By direct distribution from the support fund for agriculture, libraries, parks, recreation and senior citizens; or
(c) By both the issuance of such securities and by direct distribution.
Money to acquire, develop, construct, equip, operate, maintain, improve and manage recreational programs must not be obtained by the issuance of bonds.
2. The board may, after the enactment of an ordinance authorized by paragraph (d) of subsection 1 of NRS 377A.020, from time to time issue bonds and other securities, which are general or special obligations of the county and which may be secured as to principal and interest by a pledge authorized by this chapter of the receipts from the tax imposed by that ordinance.
3. The ordinance authorizing the issuance of any bond or other security must describe the purpose for which it is issued.
(Added to NRS by 2005, 1396)
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