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Current as of January 01, 2021 | Updated by FindLaw Staff
A local government, except a school district, that receives revenue from taxes ad valorem from a lessee or user of property which is taxable pursuant to NRS 361.157 or 361.159 shall deposit the revenue in or transfer the revenue to one or more of the funds established by the local government pursuant to NRS 354.6113 or 354.6115 and use that revenue only for the purposes authorized by those sections if the revenue was received in:
1. A fiscal year after the fiscal year the taxes were owed; or
2. The fiscal year the taxes are owed and the taxes were excluded from the estimate of revenue from taxes ad valorem for the local government pursuant to NRS 354.597.
Cite this article: FindLaw.com - Nevada Revised Statutes Title 31. Public Financial Administration § 354.6116. Revenue from taxes ad valorem from lessee or user of certain taxable property to be deposited in or transferred to certain funds - last updated January 01, 2021 | https://codes.findlaw.com/nv/title-31-public-financial-administration/nv-rev-st-354-6116/
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