Nevada Revised Statutes 360.700 – Guaranteed allocation from Account for tax proceeds pledged to secure obligations
Current as of: 2022 | Check for updates
|
Other versions
The Executive Director shall ensure that each local government, special district or enterprise district that:
Terms Used In Nevada Revised Statutes 360.700
- Executive Director: means the Executive Director of the Department of Taxation. See Nevada Revised Statutes 360.001
1. Received, before July 1, 1998, any portion of the proceeds of a tax which is included in the Account; and
2. Pledged a portion of the money described in subsection 1 to secure the payment of bonds or other types of obligations, receives an amount at least equal to that amount which the local government, special district or enterprise district would have received before July 1, 1998, that is pledged to secure the payment of those bonds or other types of obligations.