Nevada Revised Statutes Title 48. Water § 539.375. Board of directors of district may incur debts and issue warrants; limitations; assessments

(a) Incur an indebtedness not exceeding, in the aggregate, the sum of $15,000, and not exceeding the estimated cost of preliminary surveys and engineering data; and

(b) Cause warrants of the district to issue therefor, bearing interest at a rate which does not exceed by more than 5 percent the Index of Revenue Bonds which was most recently published before the bids are received or a negotiated offer is accepted.