Nevada § 271.63155 Financing or refinancing: Assessment on real property; bonds

Nevada Statutes

§ 271.63155 — Financing or refinancing: Assessment on real property; bonds

Nevada § 271.63155

Title 22COOPERATIVE AGREEMENTS BY PUBLIC AGENCIES; REGIONAL

Ch. 271Local

DISTRICT TO FINANCE CERTAIN ENERGY EFFICIENCY IMPROVEMENT PROJECTS AND RENEWABLE ENERGY PROJECTS

This text of Nevada § 271.63155 (Financing or refinancing: Assessment on real property; bonds) is published on Counsel Stack Legal Research, covering Nevada primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Nev. Rev. Stat. § 271.63155 (2026).

Text

1. Except as otherwise provided in this section, a qualified improvement project must be financed or refinanced only through an assessment on the real property that secures the direct financing or refinancing obtained from a capital provider pursuant to a financing agreement. 2. In addition to, but not in lieu of the direct financing or refinancing described in subsection 1, a qualified improvement project may be financed or refinanced through an assessment on the real property to secure bonds issued pursuant to NRS 271.475 . Any bonds issued for a qualified improvement project:

(a)Shall not constitute the debt or indebtedness of the municipality within the meaning of any provision or limitation of the Constitution of the State of Nevada or statute;

(b)Shall not be secured by a pledge of

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1. Except as otherwise provided in this section, a qualified improvement project must be financed or refinanced only through an assessment on the real property that secures the direct financing or refinancing obtained from a capital provider pursuant to a financing agreement.
2. In addition to, but not in lieu of the direct financing or refinancing described in subsection 1, a qualified improvement project may be financed or refinanced through an assessment on the real property to secure bonds issued pursuant to NRS 271.475 . Any bonds issued for a qualified improvement project:
(a) Shall not constitute the debt or indebtedness of the municipality within the meaning of any provision or limitation of the Constitution of the State of Nevada or statute;
(b) Shall not be secured by a pledge of the general credit or taxing power of the municipality or by the surplus and deficiency fund established pursuant to NRS 271.428 ; and
(c) Shall not be used in furtherance of or in support of direct financing or refinancing from a capital provider.