540A.267 - Power of board to issue bonds or otherwise become obligated to pay costs of developing and carrying out plan for remediation; bonds or other obligations secured by certain fees or taxes.

NEVADA STATUTES AND CODES

540A.267 - Power of board to issue bonds or otherwise become obligated to pay costs of developing and carrying out plan for remediation; bonds or other obligations secured by certain fees or taxes.

540A.267 Power of board to issue bonds or otherwise become obligated to pay costs of developing and carrying out plan for remediation; bonds or other obligations secured by certain fees or taxes.

1. The board may issue bonds and otherwise borrow money in anticipation of the fees or taxes, or any combination thereof, collected pursuant to NRS 540A.265 to pay the costs of developing and carrying out the plan for remediation, including any of the costs mentioned in subsection 3 of NRS 540A.260.

2. The board may issue those bonds as, or may borrow money evidenced by, special obligations of the county secured solely by those fees or taxes, or any combination thereof, or general obligations of the county, whose payment is additionally secured by those fees or taxes, or any combination thereof.

3. The taxes or fees that are pledged as additional security for those general obligations are pledged revenues for the purposes of subsection 3 of NRS 350.020.

(Added to NRS by 1997, 1334)