NRS 377B.150
Infrastructure fund: Deposit of net tax proceeds.

1.

In a county whose population is less than 700,000 or a county whose population is 700,000 or more and in which no water authority exists, the county treasurer shall deposit the money received from the State Controller pursuant to NRS 377B.130 in the county treasury for credit to a fund to be known as the infrastructure fund. The infrastructure fund must be accounted for as a separate fund and not as a part of any other fund. The money for each project included in the plan adopted pursuant to subsection 7 of NRS 377B.100 must be accounted for separately in the fund.

2.

In a county whose population is 700,000 or more and in which a water authority exists, the water authority shall deposit the money received from the State Controller pursuant to NRS 377B.130 in a separate account of the water authority to be known as the infrastructure fund. This fund must be accounted for as a separate fund and not as part of any other fund of the water authority.

Source: Section 377B.150 — Infrastructure fund: Deposit of net tax proceeds., https://www.leg.state.nv.us/NRS/NRS-377B.html#NRS377BSec150.

377B.010
Definitions. 377B.020
“Solid waste” defined. 377B.030
“Wastewater facilities” defined. 377B.040
“Water authority” defined. 377B.050
“Water facilities” defined. 377B.100
County ordinance imposing tax: Enactment 377B.110
Mandatory provisions of ordinance imposing tax. 377B.120
Mandatory provision of ordinance amending ordinance imposing tax. 377B.130
Remittances to Department 377B.140
Redistribution by Department. 377B.150
Infrastructure fund: Deposit of net tax proceeds. 377B.160
Infrastructure fund: Expenditure of principal, interest and income. 377B.170
Water authority in larger counties required to enter into interlocal agreement to provide distribution from infrastructure fund to certain cities, towns and other public entities. 377B.180
Annual report of city, town or other public entity in interlocal agreement with water authority for distribution from infrastructure fund. 377B.190
Money for payment of cost of project for which tax was imposed: Issuance of bonds or other obligations 377B.200
Covenant or other provision to pledge and create lien upon tax proceeds, revenue generated by project or proceeds of certain securities. 377B.210
Department required to disregard tax in determining amount of security required for payment of other sales and use taxes under certain circumstances.

Last Updated

Feb. 5, 2021

§ 377B.150’s source at nv.us

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Location: https://nevada.public.law/statutes/nrs_377b.150

Original Source: Section 377B.150 — Infrastructure fund: Deposit of net tax proceeds., https://www.leg.state.nv.us/NRS/NRS-377B.html#NRS377BSec150 (last accessed Feb. 5, 2021).