Nevada Revised Statutes Title 30. Public Borrowing and Obligations § 350.095. Levy of special tax; transfer of money remaining in fund

1. At the first tax levy following the creation of any medium-term indebtedness, the governing board of any local government shall, if necessary, levy a tax sufficient to pay the medium-term indebtedness. The tax must be designated “County of ________________ Special Tax,” “City of ________________ Special Tax,” “Town of ________________ Special Tax,” “ ________________ School District Special Tax,” “ ________________ Agricultural Association Special Tax,” or “ ________________ District Special Tax,” as the case may be, the proceeds of which must be placed in a medium-term debt service fund in the treasury of the county or city, or in a medium-term debt service fund in the county treasury in the cases of towns, school districts, irrigation districts, special districts or agricultural associations, to be used solely to redeem the medium-term indebtedness for which the tax is levied.

2. The treasurer of any county is authorized, upon receipt of a written resolution of the governing board of any local government for which a special tax fund is maintained, to transfer the money remaining in the medium-term debt service fund of that local government to the general fund of that local government after payment in full of the indebtedness and the interest thereon.