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Current as of January 01, 2021 | Updated by FindLaw Staff
The Executive Director shall ensure that each local government, special district or enterprise district that:
1. Received, before July 1, 1998, any portion of the proceeds of a tax which is included in the Account; and
2. Pledged a portion of the money described in subsection 1 to secure the payment of bonds or other types of obligations,
receives an amount at least equal to that amount which the local government, special district or enterprise district would have received before July 1, 1998, that is pledged to secure the payment of those bonds or other types of obligations.
Cite this article: FindLaw.com - Nevada Revised Statutes Title 32. Revenue and Taxation § 360.700. Guaranteed allocation from Account for tax proceeds pledged to secure obligations - last updated January 01, 2021 | https://codes.findlaw.com/nv/title-32-revenue-and-taxation/nv-rev-st-360-700/
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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