NRS 360.680
Annual allocations from Account.

1.

On or before July 1 of each year, the Executive Director shall allocate to each enterprise district an amount equal to the amount that the enterprise district received from the Account in the immediately preceding fiscal year.

2.

Except as otherwise provided in NRS 360.690 and 360.730, the Executive Director, after subtracting the amount allocated to each enterprise district pursuant to subsection 1, shall allocate to each local government or special district which is eligible for an allocation from the Account pursuant to NRS 360.670 an amount from the Account that is equal to the amount allocated to the local government or special district for the preceding fiscal year multiplied by 1 plus the average percentage change in the Consumer Price Index (All Items) over the 5 calendar years immediately preceding the year in which the allocation is made.

Source: Section 360.680 — Annual allocations from Account., https://www.leg.state.nv.us/NRS/NRS-360.html#NRS360Sec680.

360.600
Definitions. 360.605
“Account” defined. 360.610
“County” defined. 360.620
“Enterprise district” defined. 360.640
“Local government” defined. 360.650
“Special district” defined. 360.660
Local Government Tax Distribution Account: Creation 360.670
Eligibility for allocation from Account. 360.680
Annual allocations from Account. 360.690
Establishment of base monthly allocations from Account 360.695
Adjustment of allocation to local government or special district after decrease in population and assessed valuation of taxable property. 360.698
Pledge of percentage of revenue to payment of bonds. 360.700
Guaranteed allocation from Account for tax proceeds pledged to secure obligations. 360.710
Determination of whether governmental entity is enterprise district. 360.720
Enterprise districts prohibited from pledging revenue from Account to secure obligations 360.730
Establishment of alternative formula for distribution of taxes in Account by cooperative agreement. 360.740
Request of newly created local government or special district for allocation from Account.

Last Updated

Feb. 5, 2021

§ 360.680’s source at nv.us

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Location: https://nevada.public.law/statutes/nrs_360.680

Original Source: Section 360.680 — Annual allocations from Account., https://www.leg.state.nv.us/NRS/NRS-360.html#NRS360Sec680 (last accessed Feb. 5, 2021).