Nevada § 539.6363 Duties of board of directors in making levy

Nevada Statutes

§ 539.6363 — Duties of board of directors in making levy

Nevada § 539.6363

Title 48WATER

Ch. 539Irrigation

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

This text of Nevada § 539.6363 (Duties of board of directors in making levy) 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. § 539.6363 (2026).

Text

1. To levy and collect taxes, the board of directors shall:

(a)Determine in each year the amount of money necessary to be raised by general (ad valorem) taxation, taking into consideration other sources of revenue of the district; and

(b)Fix a rate of levy which, when levied upon every dollar of assessed valuation of taxable property within the district and together with other revenues, will raise the amount required by the district annually to supply funds for paying promptly in full, when due, all interest on and principal of bonds of the district. Ê In the event of accruing defaults or deficiencies, an additional levy may be made as provided in NRS 539.6364 . 2. The board of directors shall certify to the board of county commissioners of each county within the district, or having a po

Free access — add to your briefcase to read the full text and ask questions with AI

1. To levy and collect taxes, the board of directors shall:
(a) Determine in each year the amount of money necessary to be raised by general (ad valorem) taxation, taking into consideration other sources of revenue of the district; and
(b) Fix a rate of levy which, when levied upon every dollar of assessed valuation of taxable property within the district and together with other revenues, will raise the amount required by the district annually to supply funds for paying promptly in full, when due, all interest on and principal of bonds of the district.
Ê In the event of accruing defaults or deficiencies, an additional levy may be made as provided in NRS 539.6364 .
2. The board of directors shall certify to the board of county commissioners of each county within the district, or having a portion of its territory within the district, at the same time as fixed by law for certifying thereto tax levies of incorporated cities, the rate so fixed, with directions that at the time and in the manner required by law for levying taxes for county purposes, such board of county commissioners shall levy such tax upon the assessed valuation of all taxable property within the district, in addition to such other taxes as may be levied by such board of county commissioners at the rate so fixed and determined.
3. The board of directors shall levy such general (ad valorem) taxes upon all property in the district which is by law taxable for state, county and municipal purposes, without regard to any statutory tax limitation now or hereafter existing and without limitation as to rate or amount, fully sufficient, after making due allowance for probable delinquencies, to provide for the prompt payment of such bonds as they become due, both principal and interest, but subject to the limitation of Section 2 of Article 10 of the Constitution of the State.