NRS 271.680

Limitations on issuance of bonds

Known as the Consolidated Local Improvements Law

The act spans §§ 271–271 (230 sections).

(Added to NRS by 2003, 2935)

If the governing body of a municipality adopts an assessment ordinance in accordance with NRS 271.650:

1. None of the bonds, if any, issued for the improvement district may be secured by a pledge of the taxing power or general fund of the municipality; and

2. NRS 271.495 and 271.500 do not apply to any bonds issued for the improvement district.

Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.