350.654 - Special funds and accounts: Creation; purposes. - Nevada Statutes

350.654  Special funds and accounts: Creation; purposes.  The governing body in any ordinance authorizing the issuance of bonds or other securities hereunder or in any instrument or other proceedings appertaining thereto may create special funds and accounts for the payment of the cost of a project, of operation and maintenance expenses, of the securities, including the accumulation and maintenance of reserves therefor, of improvements, including the accumulation and maintenance of reserves therefor, and of other obligations appertaining to the securities, any project or any facilities.

      (Added to NRS by 1967, 436)