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Nevada Revised Statutes Title 34. Education § 387.3328. Deposit and use of proceeds of tax

Current as of January 01, 2025 | Updated by Findlaw Staff

The proceeds of any tax or taxes imposed pursuant to NRS 387.3324 and 387.3326:

1. Must be deposited in the school district's fund for capital projects established pursuant to NRS 387.328, to be held and, except as otherwise provided in subsection 2, expended in the same manner as other money deposited in that fund.

2. May be pledged to the payment of principal and interest on bonds or other obligations issued for one or more of the purposes set forth in NRS 387.335. The proceeds of such taxes so pledged may be treated as pledged revenues for the purposes of subsection 3 of NRS 350.020, and the board of trustees of the school district may issue bonds for those purposes in accordance with the provisions of chapter 350 of NRS.

3. May not be used:

(a) To settle or arbitrate disputes between a recognized organization representing employees of a school district and the school district, or to settle any negotiations; or

(b) To adjust the district-wide schedule of salaries and benefits of the employees of a school district.

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Cite this article: FindLaw.com - Nevada Revised Statutes Title 34. Education § 387.3328. Deposit and use of proceeds of tax - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-34-education/nv-rev-st-387-3328/

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