NRS 539.280
Payment in installments

rate of interest
assessment and levy
lien.

1.

The contract with the United States may also call for the payment of the amount or any part thereof to be paid by the district to the United States at such times and in such installments and with such interest charges, which must not exceed by more than 5 percent the Index of Revenue Bonds which is in effect at the time the agreement is made, as may be agreed upon, and for assessment and levy therefor as provided in this chapter.

2.

The obligations of those contracts are a prior lien to any subsequent bond issue.

Source: Section 539.280 — Payment in installments; rate of interest; assessment and levy; lien., https://www.leg.state.nv.us/NRS/NRS-539.html#NRS539Sec280.

539.270
General powers. 539.273
Purposes of cooperation and contract. 539.275
Provisions includable in contract. 539.277
Bonds: Transfer to or deposit with United States 539.280
Payment in installments 539.283
Distribution and apportionment of water 539.285
Rent or lease of water. 539.287
Dissolution of district or change of boundaries: Consent of Secretary of Interior 539.290
Collection of money or action as fiscal agent of United States: Acceptance of appointment 539.293
Additional bonds of district officers: When required 539.295
Conveyance of property to United States. 539.297
Authorization of proposal to enter into contract. 539.300
Notice of election: Contents. 539.303
Ballots: Form. 539.305
Validation proceedings. 539.307
Directors relieved of certain duties 539.310
Payments from revenue derived from annual assessments upon real property 539.313
Annual levy or imposition of tolls or charges to meet payments. 539.315
Apportionment of assessment in accordance with benefits 539.317
Assessment of federal public land. 539.320
Obligation of district in case of default of land. 539.323
Money paid to district treasury and held in United States Contract Fund 539.325
Contracts for release of mortgages or liens 539.327
Exclusion of district division outside scope of contract. 539.330
Contracts of district divisions with United States.

Last Updated

Feb. 5, 2021

§ 539.280’s source at nv.us

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Location: https://nevada.public.law/statutes/nrs_539.280

Original Source: Section 539.280 — Payment in installments; rate of interest; assessment and levy; lien., https://www.leg.state.nv.us/NRS/NRS-539.html#NRS539Sec280 (last accessed Feb. 5, 2021).