NRS 377A.100
Ordinances or resolutions for issuance of certain bonds or other securities: Authorized covenants

  • pledged revenues.

1.

Each ordinance or resolution providing for the issuance of any bond or security issued under this chapter payable from the receipts of the tax imposed pursuant to paragraph (b) of subsection 1 of NRS 377A.030 may, in addition to covenants and other provisions authorized in the Local Government Securities Law, contain a covenant or other provision to pledge and create a lien upon the receipts of the tax or upon the proceeds of any bond or security pending their application to defray the cost of establishing or operating a public transit system, constructing, maintaining or repairing public roads or improving air quality, or both tax proceeds and security proceeds, to secure the payment of any bond or security issued under this chapter.

2.

Each ordinance providing for the issuance of any bond or security issued under this chapter payable from the receipts of the tax imposed pursuant to paragraph (d) of subsection 1 of NRS 377A.030 may, in addition to covenants and other provisions authorized in the Local Government Securities Law, contain a covenant or other provision to pledge and create a lien upon:

(a)

The receipts of the tax;

(b)

The proceeds of any bond or security pending their application to defray the cost of acquiring, developing, constructing, equipping, operating, maintaining, improving and managing libraries, parks, recreational programs and facilities, and facilities and services for senior citizens, and for preserving and protecting agriculture, or for any combination of those purposes; or

(c)

Both tax proceeds and security proceeds,
Ê to secure the payment of any bond or security issued under this chapter. The provisions of this subsection do not authorize the board of county commissioners of a county to obtain money to acquire, develop, construct, equip, operate, maintain, improve and manage recreational programs by the issuance of bonds.

3.

Any money pledged to the payment of bonds or other securities pursuant to subsection 1 or 2 may be treated as pledged revenues of the project for the purposes of subsection 3 of NRS 350.020.

Source: Section 377A.100 — Ordinances or resolutions for issuance of certain bonds or other securities: Authorized covenants; pledged revenues., https://www.­leg.­state.­nv.­us/NRS/NRS-377A.­html#NRS377ASec100.

377A.010
Definitions. 377A.011
“Agriculture” defined. 377A.012
“Board” defined. 377A.014
“Construction, maintenance and repair” defined. 377A.015
“Library” defined. 377A.016
“Public transit system” defined. 377A.017
“Recreational facility” defined. 377A.018
“Senior citizen” defined. 377A.019
“Services for senior citizens” defined. 377A.020
Taxes for certain special purposes: Imposition 377A.030
Mandatory provisions of ordinance imposing tax. 377A.040
Mandatory provision of ordinance amending ordinance imposing tax. 377A.050
Remittances to Department 377A.060
Redistribution by Department. 377A.062
Fund for county swimming pool: Deposit and use of net tax proceeds. 377A.064
County fund for promotion of tourism: Deposit of net tax proceeds. 377A.068
Tax for promotion of tourism: Creation of county fair and recreation board required 377A.070
Public transit fund: Deposit of net tax proceeds. 377A.080
Tax for public transit system, construction, maintenance and repair of public roads, improvement of air quality or any combination thereof: Creation and authority of regional transportation commission. 377A.090
Money for public transit system, public roads, air quality or any combination thereof: Sources 377A.092
Support fund for agriculture, libraries, parks, recreation and senior citizens: Deposit of net tax proceeds. 377A.094
Money for agriculture, libraries, parks, recreation and senior citizens: Sources 377A.100
Ordinances or resolutions for issuance of certain bonds or other securities: Authorized covenants 377A.110
Tax for public transit system, construction, maintenance and repair of public roads, improvement of air quality or any combination thereof: Reduction of amount 377A.115
Tax for agriculture, libraries, parks, recreation and senior citizens: Limitation on repeal, amendment or modification. 377A.120
Department’s authority to act for counties. 377A.130
Public transit system: Services. 377A.140
Public transit system in larger counties: Provision of on-call public transit system, programs to reduce or manage motor vehicle traffic, and other services requested by general public. 377A.0145
“Facility for senior citizens” defined. 377A.0155
“Park” defined. 377A.0175
“Recreational program” defined.
Last Updated

Feb. 5, 2021

§ 377A.100’s source at nv​.us