No lien for the assessments provided by the covenants, conditions and restrictions described in NRS 445A.895 is binding upon the property until:
1. The local governing body, after a hearing, establishes the costs and apportions them to each lot or parcel; or
2. The Public Utilities Commission of Nevada determines the amount of the assessments,
and the local governing body records a notice of lien in the office of the county recorder in the county in which the property is located.
(Added to NRS by 1991, 402; A 1997, 1997)