GroundRules
NRS 271.660: Agreement with Department of Taxation regarding distribution of pledged amounts.
Where this section sits in the code
- TITLE 22 — COOPERATIVE AGREEMENTS BY PUBLIC AGENCIES; REGIONAL TRANSPORTATION COMMISSIONS; PLANNING AND ZONING; DEVELOPMENT AND REDEVELOPMENT
- CHAPTER 271 - LOCAL IMPROVEMENTS
- PLEDGE OF MONEY FOR CERTAIN PROJECTS IN CERTAIN COUNTIES IN SUPPORT OF ECONOMIC DEVELOPMENT AND TOURISM
After the adoption of an assessment ordinance in accordance with NRS 271.650, the governing body of the municipality and the Department of Taxation shall enter into an agreement specifying the dates and procedure for distribution to the municipality of the amounts pledged pursuant to subsection 1 of NRS 271.650. The distributions must:
1. Be made not less frequently than once each calendar quarter; and
2. Cease on the date that all assessments imposed pursuant to the assessment ordinance have been paid in full, including any applicable payments of principal, interest and penalties.
Collected 2026-09-03T05:51:36Z. Source file · JSON