NRS 354.657
Purpose

liberal construction.

1.

The purpose of NRS 354.655 to 354.725, inclusive, is to:

(a)

Restore and maintain the financial solvency of any local government in financial distress;

(b)

Provide basic functions for which a local government in financial distress is responsible; and

(c)

Provide a tiered program of financial oversight and assistance by the State based on the existing financial conditions of a local government, including, without limitation, placing the local government on fiscal watch, providing technical financial assistance to the local government and assisting the local government if it is found to exist in a state of severe financial emergency.

2.

To accomplish the purpose set forth in subsection 1, the provisions of NRS 354.655 to 354.725, inclusive, must be broadly and liberally construed.

Source: Section 354.657 — Purpose; liberal construction., https://www.leg.state.nv.us/NRS/NRS-354.html#NRS354Sec657.

354.655
Definitions. 354.657
Purpose 354.665
Delinquent documents: Notification 354.671
Delinquent payments to Public Employees’ Benefits Program: Notification 354.675
Technical financial assistance from Department of Taxation: Request 354.685
Severe financial emergency: Conditions 354.695
Severe financial emergency: Powers and duties of Department of Taxation 354.705
Severe financial emergency: Preparation of plan of revenue enhancement and expense mitigation by Executive Director 354.715
Severe financial emergency: Enforcement of compliance by local government with certain requests of Department of Taxation 354.721
Severe financial emergency: Creation of Severe Financial Emergency Fund 354.723
Severe financial emergency: Procedure for disincorporation or dissolution of local government in certain circumstances 354.725
Severe financial emergency: Termination or modification of management of local government on motion of Nevada Tax Commission or at request of local government or Committee on Local Government Finance. 354.7235
Severe financial emergency: Management of Department of Taxation ceases at time of disincorporation or dissolution.

Last Updated

Feb. 5, 2021

§ 354.657’s source at nv.us

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Location: https://nevada.public.law/statutes/nrs_354.657

Original Source: Section 354.657 — Purpose; liberal construction., https://www.leg.state.nv.us/NRS/NRS-354.html#NRS354Sec657 (last accessed Feb. 5, 2021).