Whenever any indebtedness or other obligations have been incurred by a district, it shall be lawful for the board to levy taxes and collect revenue for the purpose of creating funds in such amount as the board may determine, which may be used to meet the obligations of the district, for maintenance and operating charges and depreciation, and provide extension of and betterments to the improvements of the district.
NRS 318.250
Reserve funds
Known as the General Improvement District Law
The act spans §§ 318–318 (122 sections).
(Added to NRS by 1959, 467; A 1965, 744; 1971, 2108)
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.