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Current as of January 01, 2025 | Updated by Findlaw Staff
Except as otherwise provided in subsection 6 of NRS 279.676 and NRS 279.685 and 279.6855, in any redevelopment plan, or in the proceedings for the advance of money, or the making of loans, or the incurring of any indebtedness, whether funded, refunded, assumed or otherwise, by the redevelopment agency to finance or refinance, in whole or in part, the redevelopment project, the portion of taxes mentioned in paragraph (b) of subsection 1 of NRS 279.676 may be irrevocably pledged for the payment of the principal of and interest on those loans, advances or indebtedness.
Cite this article: FindLaw.com - Nevada Revised Statutes Title 22. Cooperative Agreements by Public Agencies; Regional Transportation Commissions; Planning and Zoning; Development and Redevelopment § 279.680. Pledging portion of taxes for payment of principal and interest on loans, advances or indebtedness - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-22-cooperative-agreements-by-public-agencies-regional-transportation-commissions-planning-and-zoning-development-and-redevelopment/nv-rev-st-279-680/
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