271.680 - Limitations on issuance of bonds. - Nevada Statutes

271.680  Limitations on issuance of bonds.  If the governing body of a municipality adopts an assessment ordinance in accordance with NRS 271.650:

      1.  None of the bonds, if any, issued for the improvement district may be secured by a pledge of the taxing power or general fund of the municipality; and

      2.  NRS 271.495 and 271.500 do not apply to any bonds issued for the improvement district.

      (Added to NRS by 2003, 2935)