Nevada § 350.095 Levy of special tax; transfer of money remaining in fund

Nevada Statutes

§ 350.095 — Levy of special tax; transfer of money remaining in fund

Nevada § 350.095

Title 30PUBLIC BORROWING AND OBLIGATIONS

Ch. 350Municipal

MEDIUM-TERM OBLIGATIONS AND INSTALLMENT-PURCHASE AGREEMENTS

This text of Nevada § 350.095 (Levy of special tax; transfer of money remaining in fund) 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. § 350.095 (2026).

Text

1.At the first tax levy following the creation of any medium-term indebtedness, the governing board of any local government shall, if necessary, levy a tax sufficient to pay the medium-term indebtedness. The tax must be designated “County of ................ Special Tax,” “City of ................ Special Tax,” “Town of ................ Special Tax,” “................ School District Special Tax,” “................ Agricultural Association Special Tax,” or “................ District Special Tax,” as the case may be, the proceeds of which must be placed in a medium-term debt service fund in the treasury of the county or city, or in a medium-term debt service fund in the county treasury in the cases of towns, school districts, irrigation districts, special districts or agricultural associat

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1. At the first tax levy following the creation of any medium-term indebtedness, the governing board of any local government shall, if necessary, levy a tax sufficient to pay the medium-term indebtedness. The tax must be designated “County of ................ Special Tax,” “City of ................ Special Tax,” “Town of ................ Special Tax,” “................ School District Special Tax,” “................ Agricultural Association Special Tax,” or “................ District Special Tax,” as the case may be, the proceeds of which must be placed in a medium-term debt service fund in the treasury of the county or city, or in a medium-term debt service fund in the county treasury in the cases of towns, school districts, irrigation districts, special districts or agricultural associations, to be used solely to redeem the medium-term indebtedness for which the tax is levied.
2. The treasurer of any county is authorized, upon receipt of a written resolution of the governing board of any local government for which a special tax fund is maintained, to transfer the money remaining in the medium-term debt service fund of that local government to the general fund of that local government after payment in full of the indebtedness and the interest thereon.