Nevada Revised Statutes
Chapter 271 - Local Improvements
NRS 271.6317 - Conditions for lessee of real property to enter into financing agreement with capital provider.

A person that is leasing real property within a district created pursuant to NRS 271.6301 to 271.6325, inclusive, may enter into a financing agreement with a capital provider for a qualified improvement project if the owner of the real property enters into a voluntary written assessment agreement with the municipality pursuant to NRS 271.6316.
(Added to NRS by 2021, 3245)

Structure Nevada Revised Statutes

Nevada Revised Statutes

Chapter 271 - Local Improvements

NRS 271.010 - Short title.

NRS 271.015 - Applicability of chapter.

NRS 271.017 - Issuance of interim warrants and bonds by municipality.

NRS 271.020 - Legislative declaration.

NRS 271.025 - Decision of governing body prima facie evidence of correctness.

NRS 271.030 - Definitions.

NRS 271.035 - "Acquisition" and "acquire" defined.

NRS 271.037 - "Art project" defined.

NRS 271.040 - "Assessable property" defined.

NRS 271.045 - "Assessment" and "assess" defined.

NRS 271.050 - "Assessment lien" defined.

NRS 271.055 - "Assessment unit" defined.

NRS 271.057 - "Association" defined.

NRS 271.060 - "Clerk" defined.

NRS 271.065 - "Condemnation" and "condemn" defined.

NRS 271.070 - "Cost" and "cost of project" defined.

NRS 271.075 - "County" defined.

NRS 271.080 - "County assessor" defined.

NRS 271.085 - "County treasurer" defined.

NRS 271.090 - "Curb and gutter project" defined.

NRS 271.095 - "Drainage project" defined.

NRS 271.097 - "Electrical project" defined.

NRS 271.098 - "Energy efficiency improvement" defined.

NRS 271.099 - "Energy efficiency improvement project" defined.

NRS 271.100 - "Engineer" defined.

NRS 271.105 - "Equipment" and "equip" defined.

NRS 271.110 - "Federal Government" defined.

NRS 271.113 - "Fire protection project" defined.

NRS 271.115 - "Governing body" defined.

NRS 271.120 - "Hereby," "herein," "hereinabove," "hereinafter," "hereinbefore," "hereof," "hereto" and "hereunder" defined.

NRS 271.125 - "Improvement" and "improve" defined.

NRS 271.130 - "Improvement district" defined.

NRS 271.135 - "Mailed notice" and "notice by mail" defined.

NRS 271.140 - "Member" defined.

NRS 271.145 - "Municipality" defined.

NRS 271.147 - "Neighborhood improvement project" defined.

NRS 271.150 - "Off-street parking project" defined.

NRS 271.152 - "Overhead service facilities" defined.

NRS 271.155 - "Overpass project" defined.

NRS 271.160 - "Park project" defined.

NRS 271.170 - "Posting" defined.

NRS 271.175 - "Project" defined.

NRS 271.178 - "Promotional activity" defined.

NRS 271.180 - "Property" defined.

NRS 271.185 - "Public body" defined.

NRS 271.190 - "Publication" and "publish" defined.

NRS 271.193 - "Rail project" defined.

NRS 271.195 - "Real property" defined.

NRS 271.197 - "Renewable energy" defined.

NRS 271.199 - "Renewable energy project" defined.

NRS 271.200 - "Sanitary sewer project" defined.

NRS 271.203 - "Security wall" defined.

NRS 271.204 - "Service facilities" defined.

NRS 271.2045 - "Service provider" defined.

NRS 271.205 - "Sidewalk project" defined.

NRS 271.208 - "Special benefit" defined.

NRS 271.210 - "State" defined.

NRS 271.215 - "Storm sewer project" defined.

NRS 271.220 - "Street" defined.

NRS 271.223 - "Street beautification project" defined.

NRS 271.225 - "Street project" defined.

NRS 271.230 - "Taxes" defined.

NRS 271.232 - "Telephone project" defined.

NRS 271.234 - Tourism and entertainment project" defined.

NRS 271.235 - "Tract" defined.

NRS 271.237 - "Transportation project" defined.

NRS 271.240 - "Treasurer" defined.

NRS 271.242 - "Underground conversion project" defined.

NRS 271.245 - "Underpass project" defined.

NRS 271.250 - "Water project" defined.

NRS 271.252 - "Waterfront maintenance project" defined.

NRS 271.253 - "Waterfront project" defined.

NRS 271.255 - Computation of time.

NRS 271.257 - Circumstances under which majority of property owners may act on behalf of all property owners.

NRS 271.265 - General powers of counties, cities and towns. [Effective through June 30, 2032.] General powers of counties, cities and towns. [Effective July 1, 2032, through June 30, 2036.] General powers of counties, cities and towns. [Effective Jul...

NRS 271.270 - Collateral powers.

NRS 271.275 - Procedure for initiating acquisition or improvement of project.

NRS 271.280 - Procedure for provisional order.

NRS 271.285 - Procedure for petition.

NRS 271.290 - Subsequent procedure after filing of petition.

NRS 271.295 - Combination of projects.

NRS 271.296 - Neighborhood improvement projects: Dissolution of improvement district.

NRS 271.297 - Neighborhood improvement projects: Modification of plan or plat.

NRS 271.300 - Effect of estimates.

NRS 271.305 - Provisional order: Provision and contents of notice of hearing; restrictions on changes after provision of notice.

NRS 271.306 - Apportionment of assessments for irregularly shaped tracts; objections to acquisition or improvement of project.

NRS 271.307 - Preparation of document by engineer without prior direction of governing body.

NRS 271.308 - Emergency ordinance.

NRS 271.310 - Provisional order: Hearing; determination of governing body.

NRS 271.315 - Appeal from adverse order: Pleading with particularity required; judicial review limited.

NRS 271.320 - Procedure after hearing; modification; division into construction units.

NRS 271.325 - Resolution of governing body; adoption and amendment of ordinance creating district; recording list of tracts and estimated assessments; overlapping boundaries of neighborhood improvement projects prohibited.

NRS 271.330 - Methods of acquisition or improvement.

NRS 271.332 - Neighborhood improvement projects: Governing body authorized to contract for provision of improvements with nonprofit association; requirements for association; extension of terms of contract; contract to ensure type and level of servic...

NRS 271.333 - Neighborhood improvement projects: Contract with nonprofit association to provide for internal controls and audits; authority of governing body to take control of certain assets of association.

NRS 271.335 - Construction contracts.

NRS 271.337 - Addition of certain improvements to existing contracts for construction work; waiver of certain requirements by owner.

NRS 271.340 - Construction by municipality: Supplies and materials.

NRS 271.345 - Cooperative construction.

NRS 271.350 - Use of existing improvements.

NRS 271.355 - Interim warrants.

NRS 271.357 - Establishment of procedure for obtaining hardship determination.

NRS 271.360 - Order for proposed assessment roll; form of roll; postponement of assessments on property for which hardship determination has been approved; effect of improper designation.

NRS 271.365 - Method of computing and limitations upon assessments.

NRS 271.366 - Property of school district exempt from assessments unless consented to by board of trustees.

NRS 271.3665 - Limitation on assessments against municipal land.

NRS 271.367 - Apportionment of assessments for security wall.

NRS 271.369 - Transportation project: Estimate of expenditures to maintain, operate, improve and repair project; assessment; use of proceeds.

NRS 271.3695 - Special assessment for extraordinary maintenance, repair and improvement of project located in redevelopment area in certain counties.

NRS 271.370 - Determination of assessable tracts.

NRS 271.375 - Preparation of proposed assessment roll; report to governing body.

NRS 271.377 - Estimate of expenditures and proposed assessment roll for neighborhood improvement projects; public hearing required; levy of assessments; limit on distribution from local government tax distribution account.

NRS 271.378 - Estimate of expenditures and proposed assessment roll for street beautification projects; public hearing required; confirmation of assessments; installment payments authorized.

NRS 271.379 - Estimate of expenditures and proposed assessment roll for waterfront maintenance projects; public hearing required; confirmation of assessments; installment payments authorized; separate fund for proceeds of assessments.

NRS 271.380 - Notice of hearing for assessment.

NRS 271.385 - Hearing for assessment; objections waived unless properly filed in writing.

NRS 271.390 - Levy of assessments; notice; final determination conclusive; roll prima facie evidence of regularity and validity.

NRS 271.392 - Protest by owner or resident of property to be included within assessment plat for neighborhood improvement project; modification of assessment plat by governing body.

NRS 271.395 - Appeal from adverse determination; scope of judicial review.

NRS 271.400 - Assessment for street and alley intersections.

NRS 271.405 - Thirty-day period for payment; deferred payments; notice of levy of assessment and required payment.

NRS 271.407 - Assessments against State and political subdivisions: Ninety-day period of payment; deferred payments.

NRS 271.409 - Date when payment by mail without postmark or with illegible postmark is deemed received.

NRS 271.410 - Acceleration upon delinquency.

NRS 271.415 - Limitations upon deferred payments; rates of interest; notice of required installment; application of credit against payment.

NRS 271.420 - Liens; recording final assessment roll and statement of information.

NRS 271.425 - Division or combination of tracts: Apportionment or combination of assessments authorized; consent of owners; recording of report and statement of information; delegation of duties.

NRS 271.428 - Surplus and deficiency fund: Source; uses.

NRS 271.429 - Refund of surplus; notice of availability of surplus; claim for refund.

NRS 271.430 - Payment of deficiency in assessment.

NRS 271.431 - Pledge of revenues.

NRS 271.4315 - Application of revenues and credits to payment of assessments.

NRS 271.432 - Covenants for securing payment of assessments.

NRS 271.4325 - Lien of pledge of revenues.

NRS 271.433 - Rights and remedies of owners of property assessed.

NRS 271.4335 - Rights and remedies cumulative.

NRS 271.434 - Inaction of owner does not relieve municipal officers and agents of liability for nonperformance.

NRS 271.435 - Reassessments.

NRS 271.440 - Reassessment: Credit for payment of prior assessment.

NRS 271.445 - Collection of assessments; assessment roll and ordinance levying assessment prima facie evidence of right to recover; reduction or waiver of certain penalties and interest.

NRS 271.450 - Procedure to place previously omitted property upon assessment roll.

NRS 271.455 - Validity of assessment for local improvement.

NRS 271.460 - Payment of assessments by joint owner: Recovery from co-owners; lien.

NRS 271.465 - Assessment paid in error: Recovery.

NRS 271.470 - Error in assessment: Judgment for expenses of municipality properly chargeable against owner or tract.

NRS 271.472 - Financial report required of association providing improvements for neighborhood improvement projects.

NRS 271.475 - Bonds: Power to issue; adoption and effective date of ordinance; payment of proceeds used to pay costs of energy efficiency improvement project or renewable energy project.

NRS 271.477 - Issuance of bonds payable solely from proceeds of assessments.

NRS 271.480 - Recital of compliance in bonds or deed conclusive evidence of facts recited.

NRS 271.485 - Bonds: Sale; rate of interest; proceeds; validity; contract to sell special assessment bonds.

NRS 271.487 - Determination by designated agent of rates of interest on bonds and unpaid installments of assessments.

NRS 271.488 - Issuance of bonds to refund all or portion of outstanding bonds; bonds to be secured by certain assessments; power of governing body to amend assessment ordinance; duties.

NRS 271.489 - Agreements for assurance of payments on bonds.

NRS 271.4895 - Submission of annual financial information to Director of Legislative Counsel Bureau.

NRS 271.490 - Fund for payment of bonds; deposit and use of money collected from penalties, collection costs and interest; payment of administrative costs incurred in connection with district.

NRS 271.495 - Deficiency in bond fund or surplus and deficiency fund: Payment from general fund; levy of tax.

NRS 271.497 - Municipality to prepare final accounting of bond fund; requirements for final accounting; time for completing.

NRS 271.500 - Municipality’s liability on bonds.

NRS 271.502 - Assessments and other revenues pledged for payment of securities: Lien of pledge; priority; validity against third persons.

NRS 271.505 - Incontestable recital in bonds.

NRS 271.515 - Bonds: Form; terms; execution; facsimile signature.

NRS 271.520 - Bonds: Exemption from taxation; exceptions.

NRS 271.525 - Early hearings.

NRS 271.530 - Effect of faulty notice of hearing; proper notice; continuance.

NRS 271.535 - Legal investments in bonds.

NRS 271.536 - Advances of money for certain improvements in lieu of issuance of bonds or interim securities.

NRS 271.537 - Limitation on number of annual installments to repay advancement.

NRS 271.538 - Medium-term obligations.

NRS 271.540 - Procedure for collection and enforcement of assessments by municipal treasurer.

NRS 271.545 - Delinquent assessment or installment marked delinquent on assessment roll; contents of notice of sale of property; ordinance to establish procedures for conducting sale of property.

NRS 271.550 - Notice of sale by publication and mail.

NRS 271.555 - Public sale: Time, place and continuation; order of sale of property.

NRS 271.560 - Sale to person offering to pay amount due; when stricken off to municipality; resale of property.

NRS 271.565 - Report of sale by municipal treasurer.

NRS 271.570 - Certificate of sale: Contents; signature; delivery.

NRS 271.575 - Municipal clerk custodian of certificates for property sold to municipality; sale or transfer of certificate.

NRS 271.580 - Entry of payments and redemptions by treasurer on assessment roll.

NRS 271.585 - Property bid in by or stricken off to municipality held in trust by municipality for special assessment district; when municipality may take and hold property discharged of trust.

NRS 271.590 - Sale of property by municipality after expiration of period of redemption; notice; public auction; disposition of proceeds.

NRS 271.595 - Redemption of property; certificate of redemption; notice to owner of demand of purchaser; execution and delivery of deed to purchaser if redemption not made; date when redemption payment is deemed to have been made; expiration of certi...

NRS 271.600 - Recitals, contents and execution of deed; deed as conclusive evidence.

NRS 271.605 - Fees for issuance of certificate of sale and deed.

NRS 271.610 - Acquisition of lien by purchaser of certificate of sale; interest.

NRS 271.615 - Notice to municipal treasurer of proceeding to foreclose lien for general taxes.

NRS 271.620 - Sale of unsold property after maturity of last unpaid installment of bond issue.

NRS 271.625 - Action by municipality for collection and enforcement of delinquent assessment or installment.

NRS 271.630 - Foreclosure actions and proceedings against municipality by holders of bonds.

NRS 271.6301 - Definitions.

NRS 271.6302 - "Capital provider" defined.

NRS 271.6303 - "Energy efficiency improvement project" defined.

NRS 271.6304 - "Financing agreement" defined.

NRS 271.6305 - "Program guide" defined.

NRS 271.6306 - "Property owner" defined.

NRS 271.6307 - "Qualified improvement project" defined.

NRS 271.6308 - "Renewable energy project" defined.

NRS 271.6309 - "Resiliency project" defined.

NRS 271.631 - "Water efficiency improvement project" defined.

NRS 271.6312 - Power of municipality to create district; ownership of improvements or installations within district; inapplicability of certain provisions related to local improvements.

NRS 271.6315 - Procedure for creation of district.

NRS 271.63155 - Financing or refinancing: Assessment on real property; bonds.

NRS 271.6316 - Voluntary assessment and direct financing agreements.

NRS 271.63165 - Notice of assessment and assessment lien; contents of notice; priority of assessment lien.

NRS 271.6317 - Conditions for lessee of real property to enter into financing agreement with capital provider.

NRS 271.63175 - Municipality immune from liability; municipality prohibited from using or pledging public funds or money to secure obligations; imposition of fee on property owner to recover administrative costs.

NRS 271.6321 - Requirements for construction; laws relating to public bidding, public works and public procurement not applicable.

NRS 271.6325 - Resolution of governing body specifying procedures for the creation and administration of district; program guide.

NRS 271.635 - Administration of certain improvement districts pursuant to economic development financing agreement approved by Office of Economic Development.

NRS 271.640 - Applicability.

NRS 271.6405 - Authorized modifications.

NRS 271.641 - Engineer’s report: Preparation and filing; contents.

NRS 271.6415 - Modification if protest hearing not required: Conditions; adoption of ordinance.

NRS 271.642 - Modification if protest hearing required: Provisional order; contents and provision of notice of hearing.

NRS 271.6425 - Modification if protest hearing required: Prohibited if certain owners of tracts in district object within time specified in notice.

NRS 271.643 - Modification if protest hearing required: Conduct of hearing; consideration and waiver of complaints, protests and objections concerning modification; procedure for termination of proceedings.

NRS 271.6435 - Modification if protest hearing required: Appeal from adverse determination; scope of judicial review.

NRS 271.644 - Modification if protest hearing required: Final determination of modification and assessments.

NRS 271.6445 - Modification if protest hearing required: Adoption of ordinance modifying project and assessments.

NRS 271.645 - Recording of list of tracts, assessments and special benefits.

NRS 271.6455 - Establishment of procedure for providing payment or credit for reduced assessments resulting from modification.

NRS 271.646 - Authority of governing body to require requester of modification to pay expenses incurred in relevant proceedings.

NRS 271.650 - Pledge of sales or use tax proceeds in assessment ordinance for project in certain counties: Amount; required determinations; interlocal agreements; conclusiveness of determinations.

NRS 271.660 - Agreement with Department of Taxation regarding distribution of pledged amounts.

NRS 271.670 - Agreement with owner of property interest in district to defray cost of local governmental services during term of pledge: Contents; determination by governing body of municipality; notice to and hearing by board of trustees of school d...

NRS 271.680 - Limitations on issuance of bonds.

NRS 271.700 - Applicability of NRS 271.700 to 271.730, inclusive.

NRS 271.710 - Exemption from compliance with certain provisions; agreement with owners of all assessable property in district; powers of governing body; applicability of provisions governing payment of prevailing wage for projects.

NRS 271.720 - Requirements, conditions and effect of agreement with owners of all assessable property in district.

NRS 271.730 - Fixing of rates of interest regarding property sold after date of agreement with owners of all property in district.

NRS 271.800 - Procedure for establishing district; combination with another project; requirements for construction of project; applicability of public bidding requirements limited; applicability of provisions governing prevailing wage for projects; p...

NRS 271.850 - Requirements for placement of service facilities underground; calculation of costs for conversion.