NRS 279.628
Expenditures from revolving fund.

1.

By resolution of the legislative body adopted by a majority vote any money in the redevelopment revolving fund may be expended from time to time for:

(a)

The acquisition of real property in any redevelopment area.

(b)

The clearance, aiding in relocation of occupants of the site and preparation of any redevelopment area for redevelopment.

2.

By resolution of the legislative body adopted by a two-thirds vote, any money in the redevelopment revolving fund may be paid to the agency, upon such terms and conditions as the legislative body may prescribe for any of the following purposes:

(a)

Deposit in a trust fund to be expended for the acquisition of real property in any redevelopment area.

(b)

The clearance of any redevelopment area for redevelopment.

(c)

Any expenses necessary or incidental to the carrying out of a redevelopment plan which has been adopted by the legislative body.

(d)

For the provision of grants to pay the costs related to the improvement of educational facilities in the community, except for the cost of any regular expenses of such an educational facility.

Source: Section 279.628 — Expenditures from revolving fund., https://www.­leg.­state.­nv.­us/NRS/NRS-279.­html#NRS279Sec628.

279.610
Appropriations. 279.612
Annual budget. 279.614
Agency’s administrative fund. 279.616
Money appropriated to defray administrative expenses 279.618
Agency’s reports to legislative body. 279.619
Limitation on issuing securities or incurring indebtedness. 279.620
Revolving fund: Establishment 279.622
Issuance and sale of general obligation bonds: Purposes 279.625
Special election may be held only if emergency exists. 279.626
Issuance of general obligation bonds: Manner 279.628
Expenditures from revolving fund. 279.630
Sale or lease of property acquired from revolving fund: Minimum amount 279.632
Abolition of revolving fund 279.634
Bonds: Issuance for corporate or refunding purposes. 279.636
Types of bonds which agency may issue 279.638
Liability on bonds 279.640
Authorization of bonds 279.642
Validity of bonds: Termination of office. 279.644
Negotiability of bonds. 279.646
Validity of bonds: Presumptions. 279.648
Issuance of bonds: Pledge of revenues 279.650
Issuance of bonds: Limitations on further indebtedness and transactions. 279.652
Issuance of bonds: Use of proceeds 279.654
Issuance of bonds: Rentals and revenues 279.656
Issuance of bonds: Abrogation or amendment of contracts with bondholders. 279.658
Issuance of bonds: Use and maintenance of property 279.660
Issuance of bonds: Effects of breach of covenants 279.662
Power of agency to provide for powers and duties of bondholders’ trustee or bondholders. 279.664
Power of agency to make additional covenants 279.666
Rights of agency’s obligee. 279.668
Rights of agency’s obligee upon default. 279.670
Bonds, interest and income exempted from taxes 279.672
Bonds of agency as legal investments. 279.674
“Taxes” defined. 279.676
Allocation, division and disposition of money from taxes 279.678
Assessment and taxation of leased redeveloped property 279.680
Pledging portion of taxes for payment of principal and interest on loans, advances or indebtedness. 279.683
Faith of State pledged not to impair securities. 279.685
Certain cities to set aside revenue for affordable housing and public educational activities, programs and facilities 279.687
Limitations on use of money set aside for public educational activities, programs and facilities. 279.6855
Certain cities to set aside revenue for public educational activities, programs and facilities
Last Updated

Feb. 5, 2021

§ 279.628’s source at nv​.us