NRS 268.526
General powers.


In addition to any other powers which it may now have, each city shall have the following powers:

1.

To finance or acquire, whether by construction, purchase, gift, devise, lease or sublease, or any one or more of such methods, and to improve and equip one or more projects, or part thereof. Such projects, upon completion of such acquisition, shall be located within, or within 10 miles of, the city.

2.

To finance, sell, lease or otherwise dispose of any or all of its projects upon such terms and conditions as the governing body considers advisable.

3.

To issue revenue bonds for the purpose of financing or defraying the cost of acquiring, improving and equipping any project as set forth in NRS 268.556.

4.

To secure payment of such bonds as provided in NRS 268.512 to 268.568, inclusive, including, without limitation, from the proceeds of the surcharge imposed pursuant to NRS 244A.830.

5.

To take such actions as are necessary or useful in order to undertake, carry out, accomplish and otherwise implement the provisions of NRS 268.512 to 268.568, inclusive, including the adoption of resolutions, which may be introduced and adopted at the same special or regular meeting of the governing body and which shall become effective upon adoption.

Source: Section 268.526 — General powers., https://www.­leg.­state.­nv.­us/NRS/NRS-268.­html#NRS268Sec526.

268.512
Short title.
268.514
Definitions.
268.515
“Affordable housing” defined.
268.516
“Bonds” and “revenue bonds” defined.
268.517
“Finance” and “financing” defined.
268.518
“Governing body” defined.
268.519
“Health and care facility” defined.
268.520
“Mortgage” defined.
268.521
“Obligor” defined.
268.522
“Project” defined.
268.523
“Warehousing” defined.
268.524
Legislative intent.
268.525
Exercise of powers by city
268.526
General powers.
268.527
Restrictions on powers of city.
268.528
Notice and public hearing by governing body.
268.530
Determinations required of governing body after public hearing
268.532
Bonds to be special obligations.
268.534
Bonds: Form
268.536
Security.
268.538
Terms of resolution and instruments.
268.539
Issuance by Director of Department of Business and Industry of bonds for governing body as special obligations of State.
268.540
Investments and bank deposits.
268.542
Construction of project.
268.544
Limitation on city’s obligation.
268.546
Rights upon default.
268.548
Determination of costs of financing.
268.550
Lease, sale or financing of project.
268.552
Option to purchase.
268.554
Refunding.
268.556
Application of proceeds
268.558
Payment by city prohibited
268.560
Operation by city prohibited.
268.562
City’s property exempt from taxation
268.564
Eminent domain not available.
268.566
Limitation of actions.
268.5165
“Corporation for public benefit” defined.
268.5171
“Financing agreement” defined.
268.5215
“Pollution” defined.
268.5225
“Revenues” defined.
268.5227
“Supplemental facility for a health and care facility” defined.
268.5385
Issuance by governing body of city of bonds for project for affordable housing or residential housing for corporation for public benefit: Requirements.
Last Updated

Feb. 5, 2021

§ 268.526’s source at nv​.us