308.025 - Formation of special district to manage certain money paid by Federal Government. [Effective through June 30, 2013.] - Nevada Statutes

308.025  Formation of special district to manage certain money paid by Federal Government. [Effective through June 30, 2013.]

      1.  A special district may be formed subject to the provisions of this chapter:

      (a) To manage any money that is:

             (1) Paid to the State of Nevada or to a county by the Federal Government; and

             (2) Designated for the territory covered by the special district; and

      (b) With a governing body:

             (1) Of which not more than half of the members are also members of the board of county commissioners of the county within which lies the territory covered by the special district; and

             (2) Which is authorized to act independently of the board of county commissioners of the county within which lies the territory covered by the special district.

      2.  If a special district is formed pursuant to the provisions of this section to manage money that is:

      (a) Paid to the State of Nevada or to a county by the Federal Government pursuant to a specified bill or measure of the Federal Government; and

      (b) Designated for the territory covered by the special district,

Ê any such money must be distributed directly to the special district for expenditure.

      (Added to NRS by 2009, 1316)