NRS 350.070
Approval or disapproval by electors of proposal to issue general obligations: Procedure

validity of result.

1.

If a majority of the electors voting on the question is in favor of the proposal submitted, the proposal is carried, and the proper officers of the municipality shall proceed to issue or incur the obligations proposed.

2.

If the majority of the electors voting on the question is against the proposal submitted, the proposal fails, and the proper officers of the municipality shall proceed no further except to certify the result of the election to the proper officers of the governing body.

3.

Except as otherwise specifically provided in NRS 350.030, any informality, omission or defect in the giving of any notice or the conduct of the election does not affect the result of the election if it can be ascertained with reasonable certainty whether the proposal was approved or rejected by a majority of the registered voters voting on the question.

MEDIUM-TERM OBLIGATIONS AND INSTALLMENT-PURCHASE AGREEMENTS

Source: Section 350.070 — Approval or disapproval by electors of proposal to issue general obligations: Procedure; validity of result., https://www.leg.state.nv.us/NRS/NRS-350.html#NRS350Sec070.

350.020
Use of general obligation only for stated purpose 350.021
Proposal may be combined on ballot with proposal to levy tax ad valorem for related purpose. 350.022
Notice of election on proposal to issue general obligations: Publication. 350.024
Contents of ballot question, sample ballot and notice of election on proposal to issue general obligations 350.027
Sample ballot and notice of election on proposal to issue bonds or other securities to contain estimate of annual cost to operate, maintain and repair improvements to be constructed or acquired with proceeds of bonds or other securities. 350.030
Election on proposal to issue general obligations: Expenses 350.070
Approval or disapproval by electors of proposal to issue general obligations: Procedure 350.0201
Additional 10-year period for issuance of certain general obligation bonds by board of trustees of school district. 350.0205
Committee on Local Government Finance to provide forms for submitting ballot question and examples of past ballot questions for issuance or incurrence of general obligations.

Last Updated

Feb. 5, 2021

§ 350.070’s source at nv.us

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Location: https://nevada.public.law/statutes/nrs_350.070

Original Source: Section 350.070 — Approval or disapproval by electors of proposal to issue general obligations: Procedure; validity of result., https://www.leg.state.nv.us/NRS/NRS-350.html#NRS350Sec070 (last accessed Feb. 5, 2021).