NRS 450.665
Powers of board of trustees: Borrowing of money and incurrence or assumption of indebtedness

  • limitations and conditions.

1.

The board of trustees may borrow money and incur or assume indebtedness on behalf of the county hospital district if the total amount of the indebtedness, excluding revenue bonds and other securities constituting special obligations which are not debts, does not exceed an amount equal to 10 percent of the total of the last assessed valuation of taxable property, excluding motor vehicles, located within the district.

2.

The board of trustees shall not borrow money or issue securities to evidence such borrowing until the board has obtained the approval of the:

(a)

Debt management commission; and

(b)

Board of county commissioners,
Ê of each county in which the hospital district is located.

Source: Section 450.665 — Powers of board of trustees: Borrowing of money and incurrence or assumption of indebtedness; limitations and conditions., https://www.­leg.­state.­nv.­us/NRS/NRS-450.­html#NRS450Sec665.

450.550
Definitions. 450.560
Establishment of district on motion of board of county commissioners. 450.570
Notice of intent to establish district: Contents 450.580
Objections to formation of district 450.590
Establishment of district: Petition of owners of property 450.600
Hearing on petition. 450.610
Resolution creating district. 450.620
Enactment of ordinance regarding number, terms and election of trustees 450.625
Trustees of district that includes territory within more than one county. 450.630
General powers and duties of board of trustees 450.640
Employees and staff of hospital: Appointment to board of chief of staff of physicians for district hospital 450.650
Budgets. 450.660
Tax levies 450.665
Powers of board of trustees: Borrowing of money and incurrence or assumption of indebtedness 450.670
Powers of board of trustees: Issuance and sale of bonds for certain purposes. 450.675
Powers of board of trustees: Mortgage or pledge of personal property and acquisition of real property. 450.680
Election concerning issuance of bonds 450.690
Donations. 450.700
Board of trustees to determine status of patient and fix charges. 450.710
Creation of district for sole purpose of contracting for services of hospital. 450.715
Authority of board of trustees to contract for services of hospital. 450.720
Contract for management of district hospital. 450.725
Membership of district hospital in purchasing group. 450.730
Purchase of supplies, materials, equipment and services through purchasing contracts or purchasing group without complying with certain requirements for competitive bidding. 450.750
Board of county commissioners in certain districts deemed local government responsible for transferring certain payments of money. 450.751
Dissolution of hospital district in county whose population is less than 700,000: Determination that dissolution is in best interest required 450.753
Dissolution of hospital district: Right of qualified electors to protest 450.755
Dissolution of hospital district: Hearing 450.757
Dissolution of hospital district: County clerk must file final ordinance of dissolution 450.759
Dissolution of hospital district in county whose population is less than 700,000: Unpaid taxes, levies and assessments are lien on property 450.760
Dissolution of hospital district in county whose population is less than 700,000: Retirement of outstanding debt and other obligations
Last Updated

Feb. 5, 2021

§ 450.665’s source at nv​.us