Nevada § 539.6362 Payment of deficiency from general fund, reserve fund or other available revenue; levy of ad valorem tax

Nevada Statutes

§ 539.6362 — Payment of deficiency from general fund, reserve fund or other available revenue; levy of ad valorem tax

Nevada § 539.6362

Title 48WATER

Ch. 539Irrigation

Levy and Collection of Ad Valorem Taxes as Additional Security for Payment of Certain Bonds

This text of Nevada § 539.6362 (Payment of deficiency from general fund, reserve fund or other available revenue; levy of ad valorem tax) 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. § 539.6362 (2026).

Text

1.If the special fund created by the proceeds of the annual assessments levied and collected pursuant to the provisions of this chapter is insufficient to pay the principal of and the interest on the bonds as they become due, the deficiency shall be paid out of any general fund, reserve fund or any other available revenues of the district.

2.If any general fund, reserve fund and other available revenues of the district are insufficient to pay any such deficiency promptly, the board of directors shall then levy and it shall be its duty to levy general (ad valorem) taxes.

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1. If the special fund created by the proceeds of the annual assessments levied and collected pursuant to the provisions of this chapter is insufficient to pay the principal of and the interest on the bonds as they become due, the deficiency shall be paid out of any general fund, reserve fund or any other available revenues of the district.
2. If any general fund, reserve fund and other available revenues of the district are insufficient to pay any such deficiency promptly, the board of directors shall then levy and it shall be its duty to levy general (ad valorem) taxes.