Nevada § 539.6364 Considerations in certifying annual levies; additional levies in event of insufficient revenue

Nevada Statutes

§ 539.6364 — Considerations in certifying annual levies; additional levies in event of insufficient revenue

Nevada § 539.6364

Title 48WATER

Ch. 539Irrigation

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

This text of Nevada § 539.6364 (Considerations in certifying annual levies; additional levies in event of insufficient revenue) 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. § 539.6364 (2026).

Text

1.The board of directors, in certifying annual levies as provided in NRS 539.6363 , shall take into account for the ensuing year maturing bonds and interest on bonds, and deficiencies and defaults of prior years, and shall make ample provision for the payment thereof.

2.In case the moneys produced from such levies, together with other revenues of the district, are not sufficient punctually to pay the annual installments on its bonds and interest thereon and to pay defaults and deficiencies, then the board of directors shall make such additional levies of taxes as may be necessary for such purposes, and notwithstanding any limitations, such taxes shall be made and continue to be levied until the bonds of the district, both principal and interest, shall be fully paid.

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1. The board of directors, in certifying annual levies as provided in NRS 539.6363 , shall take into account for the ensuing year maturing bonds and interest on bonds, and deficiencies and defaults of prior years, and shall make ample provision for the payment thereof.
2. In case the moneys produced from such levies, together with other revenues of the district, are not sufficient punctually to pay the annual installments on its bonds and interest thereon and to pay defaults and deficiencies, then the board of directors shall make such additional levies of taxes as may be necessary for such purposes, and notwithstanding any limitations, such taxes shall be made and continue to be levied until the bonds of the district, both principal and interest, shall be fully paid.