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Current as of January 01, 2021 | Updated by FindLaw Staff
1. A city may pledge any money received from a tax imposed pursuant to NRS 268.804 or any combination of that money with revenue derived from the projects financed with the proceeds of the obligations for whose payment the money and revenue are pledged, with revenues of other revenue-producing projects of the city, including any existing or future extensions or enlargements of any of those projects, and with any revenues received by the city as grants under an interlocal agreement with any other entity in the county in which the city is located, or otherwise, for payment of general or special obligations of the city issued for projects described in NRS 268.805.
2. Any money pledged by the city pursuant to subsection 1 may be treated as pledged revenues of the project for the purposes of subsection 3 of NRS 350.020.
Cite this article: FindLaw.com - Nevada Revised Statutes Title 21. Cities and Towns § 268.806. Tax on revenues from rental of transient lodging located within district: Pledging of proceeds by city - last updated January 01, 2021 | https://codes.findlaw.com/nv/title-21-cities-and-towns/nv-rev-st-268-806/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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