NRS 540A.267 - Power of board to issue bonds or otherwise become obligated to pay costs of developing and carrying out plan for remediation; bonds or other obligations secured by certain fees or taxes.

NV Rev Stat § 540A.267 (2019) (N/A)

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1. The board may issue bonds and otherwise borrow money in anticipation of the fees or taxes, or any combination thereof, collected pursuant to NRS 540A.265 to pay the costs of developing and carrying out the plan for remediation, including any of the costs mentioned in subsection 3 of NRS 540A.260.

2. The board may issue those bonds as, or may borrow money evidenced by, special obligations of the county secured solely by those fees or taxes, or any combination thereof, or general obligations of the county, whose payment is additionally secured by those fees or taxes, or any combination thereof.

3. The taxes or fees that are pledged as additional security for those general obligations are pledged revenues for the purposes of subsection 3 of NRS 350.020.

(Added to NRS by 1997, 1334)

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NRS 540A.265 - Determination of annual fee for properties within district for remediation; collection and enforcement of fee; duty of persons who sell water to provide board with list of clients; power of board to impose ad valorem tax on property within district in lieu of annual fee.

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NRS 540A.269 - Applicability of chapters 332 and 338 of NRS to contract for plan for remediation; county ownership of property on which remediation equipment or improvements are located not required if certain conditions met.