Nev. Rev. Stat. § 350.584

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1
Section 350.584 - Municipal securities payable from gross revenues: Covenant requiring appropriations to pay operation and maintenance expenses

Any ordinance authorizing the issuance of general obligation securities or special obligation securities payable from gross revenues or any indenture or other proceedings appertaining thereto may contain a covenant of the municipality that to the extent required, as provided therein, the municipality will pay operation and maintenance expenses by appropriation from its general fund and that to the extent the moneys accounted for therein are insufficient for that purpose the municipality shall levy taxes therefor.

NRS 350.584

Added to NRS by 1967, 428
Added to NRS by 1967, 428