NRS 318.5125
Second offering at auction

  • listing of unsold property.

1.

If real property that is offered for sale pursuant to NRS 318.5122 and 318.5123 is not sold at the initial offering of the contract for the sale of the real property, the board of trustees may offer the real property for sale a second time pursuant to NRS 318.5122 and 318.5123. The board of trustees must obtain a new appraisal or appraisals, as applicable, of the real property before offering the real property for sale a second time if:

(a)

There is a material change relating to the title, zoning or an ordinance governing the use of the real property; or

(b)

The appraisal or appraisals, as applicable, were prepared more than 6 months before the date on which the real property is offered for sale the second time.

2.

If real property that is offered for sale pursuant to this section is not sold at the second offering of the contract for the sale of the real property, the board of trustees may list the real property for sale at the appraised value with a licensed real estate broker, provided that the broker or a person related to the broker within the first degree of consanguinity or affinity does not have an interest in the real property or an adjoining property. If the appraisal or appraisals, as applicable, were prepared more than 6 months before the date on which the real property is listed with a licensed real estate broker, the board must obtain one new appraisal of the real property before listing the real property for sale at the new appraised value.

Source: Section 318.5125 — Second offering at auction; listing of unsold property., https://www.­leg.­state.­nv.­us/NRS/NRS-318.­html#NRS318Sec5125.

318.010
Short title. 318.015
Legislative declaration. 318.020
Definitions. 318.025
Computation of time. 318.030
Correction of faulty notices. 318.035
Sufficiency of chapter. 318.040
Liberal construction. 318.050
Jurisdiction in board of county commissioners 318.055
Formation of district: Resolution or petition 318.060
Notice of organizational hearing. 318.065
Protests against organization of district. 318.070
Organizational hearing 318.075
Conclusiveness of ordinance creating district 318.077
Addition of basic powers not provided in formation: Procedure. 318.080
Duties of board of county commissioners 318.083
Membership of board of trustees of certain districts that furnish electric light and power in a county whose population is 700,000 or more. 318.085
Organization of board of trustees 318.090
Office or principal place of business 318.095
Biennial election of trustees 318.098
Assistance to district from county officers: Request 318.100
Basic powers of board 318.101
Power of board to use alternate procedures for acquisition, construction or servicing of improvements. 318.102
Powers of district concerning location and construction of improvements subordinate to powers of Nevada Tahoe Regional Planning Agency. 318.103
Powers of district concerning location and construction of improvements subordinate to powers of regional planning agency. 318.105
Perpetual existence of board. 318.110
Corporate seal. 318.115
Suits, actions and proceedings. 318.116
Basic powers which may be granted to district. 318.117
Electric light and power. 318.118
Insect and rat extermination and abatement. 318.119
Public cemeteries. 318.120
Streets and alleys. 318.125
Curbs, gutters and sidewalks. 318.130
Sidewalks. 318.135
Storm drainage or flood control. 318.140
Sanitary sewer improvements. 318.141
Lighting of streets. 318.142
Collection and disposal of garbage and refuse. 318.143
Recreational facilities. 318.144
Supply, storage and distribution of water. 318.145
Operation, maintenance and repair of improvements. 318.160
Acquisition and disposal of and encumbrances on property. 318.165
Entry on land, water or premises to survey or inspect. 318.170
Water, drainage, sewerage and disposal of garbage and other refuse: Approval of system 318.175
Management of district’s business 318.180
Employees: Power to hire and retain. 318.185
Employees: Duties and compensation. 318.190
Eminent domain. 318.195
Construction of works across watercourse, highway or vacant public land 318.197
Rates, tolls and charges 318.199
Rates, tolls and charges for sewerage or water services or products: Schedules 318.201
Procedure for collection of service charges on tax roll. 318.202
Procedure for collection of charges for connecting to water, drainage or sewerage facilities on tax roll or by special assessments. 318.203
Structure reasonably believed to be used as dwelling unit in certain counties: Affidavit filed by employee of district or other person 318.205
Bylaws. 318.210
Implied powers. 318.215
Conveyance of facilities to city or town 318.220
Conveyances by cities, counties, districts or other owners to general improvement districts. 318.225
Power to levy taxes. 318.230
Levy and collection of taxes. 318.235
Levies to cover deficiencies. 318.240
County officers to levy and collect 318.245
Sales for delinquencies. 318.250
Reserve funds. 318.256
Boundary changes 318.257
Exclusion. 318.258
Inclusion. 318.261
Annexation of territory to district. 318.262
Petition to enlarge district 318.263
Petition: Contents. 318.264
Petition: Withdrawal and objections. 318.266
Public hearing 318.267
Determination by board 318.268
Reimbursement to property owners who paid costs of extending facilities. 318.269
Liability of included real property for taxes, charges and bonded indebtedness of district 318.271
Appeal of denied petition to board of county commissioners. 318.272
Judicial review. 318.275
Forms of borrowing 318.277
Debt limit of district. 318.280
Short-term notes, warrants and interim debentures. 318.320
Revenue bonds: Issuance for acquisition or improvement of facilities. 318.325
Local Government Securities Law: Types of securities authorized to be issued. 318.339
Power of certain districts to borrow money from State or Federal Government. 318.350
Assessments to pay expenses of improvements 318.490
Initiation by ordinance 318.492
Procedure when district included within boundaries of incorporated city. 318.495
Protests 318.500
Hearing. 318.505
Filing of copies of ordinance. 318.508
Effect of final ordinance to dissolve district included within boundaries of incorporated city. 318.510
Surrender and transfer of property and money 318.512
Appraisal required 318.515
Procedure for corrective action by board of county commissioners: Notification or petition 318.520
Rights and liabilities not affected by enactment. 318.530
Outstanding securities and contracts not affected or modified. 318.0951
Trustees elected by plurality vote. 318.0952
Election areas within district: Procedure for creation 318.0953
County commissioners as ex officio board of trustees: Mandatory and optional assumption of duties. 318.0954
Transition of boards of trustees of certain reorganized districts. 318.0955
Recall of trustees. 318.0956
Trustees not to be interested in sales or contracts 318.0957
Trustees’ interest in contracts made in official capacity prohibited 318.1175
Energy for space heating. 318.1177
Establishment of area or zone for preservation of endangered or threatened wildlife. 318.1181
Protection from fire. 318.1185
Emergency medical services. 318.1187
Facilities for FM radio. 318.1191
Swimming pools. 318.1192
Facilities for television. 318.1195
Fencing. 318.1445
District not required to furnish water for artificial lake or stream when prohibited by ordinance in certain counties 318.5121
Appraisers: Procedures for selection 318.5122
Resolution declaring intent to sell at auction and finding that sale is in best interest of district 318.5123
Conduct of sale at auction 318.5124
Exceptions to requirements for sale at auction. 318.5125
Second offering at auction 318.5126
Sale not in compliance with requirements is void. 318.09523
Single candidate declared elected. 318.09525
Registration to vote in district elections. 318.09533
County commissioners as ex officio board of trustees: Oath 318.09535
County commissioners as ex officio board of trustees: Establishment of local district managing board
Last Updated

Feb. 5, 2021

§ 318.5125’s source at nv​.us