278B.210 - Adoption of capital improvements plan and imposition of impact fee; accounting. - Nevada Statutes

278B.210  Adoption of capital improvements plan and imposition of impact fee; accounting.

      1.  The governing body of the local government shall approve or disapprove the adoption of the capital improvements plan and the imposition of an impact fee within 30 days after the public hearing.

      2.  If the governing body approves the plan and the imposition of the impact fee, it shall adopt an ordinance providing that all the impact fees collected must be deposited in an interest-bearing account which clearly identifies the category of capital improvements or facility expansions within the service area for which the fee was imposed.

      3.  The records of the account into which the impact fees were deposited must be available for public inspection during ordinary business hours.

      4.  The interest and income earned on money in the account must be credited to the account.

      (Added to NRS by 1989, 844)