Nevada § 539.427 Plans and estimates of cost of improvement; provision for payment of costs

Nevada Statutes

§ 539.427 — Plans and estimates of cost of improvement; provision for payment of costs

Nevada § 539.427

Title 48WATER

Ch. 539Irrigation

General

This text of Nevada § 539.427 (Plans and estimates of cost of improvement; provision for payment of costs) 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. § 539.427 (2026).

Text

The board of directors may prepare plans and estimates of the cost of a proposed improvement and determine the manner in which the cost of the improvement must be provided. For this purpose the board of directors may propose the issuance of bonds, notes or certificates of indebtedness payable by an assessment or otherwise on the property in the improvement district, bearing interest at a rate which does not exceed by more than 5 percent the Index of Revenue Bonds which was most recently published before the bids are received or a negotiated offer is accepted, payable semiannually, and in such amounts and maturing at such time, not exceeding 20 years, as the board of directors may prescribe.

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The board of directors may prepare plans and estimates of the cost of a proposed improvement and determine the manner in which the cost of the improvement must be provided. For this purpose the board of directors may propose the issuance of bonds, notes or certificates of indebtedness payable by an assessment or otherwise on the property in the improvement district, bearing interest at a rate which does not exceed by more than 5 percent the Index of Revenue Bonds which was most recently published before the bids are received or a negotiated offer is accepted, payable semiannually, and in such amounts and maturing at such time, not exceeding 20 years, as the board of directors may prescribe.