Nevada Revised Statutes
Chapter 278C - Tax Increment Areas
NRS 278C.159 - Agreement between municipalities for ordering undertaking and creating tax increment area; authority to take joint action, enter contracts and finance cost of undertaking.


1. The governing bodies of two or more municipalities whose boundaries are contiguous may enter into an interlocal or cooperative agreement for the ordering of an undertaking whose boundaries encompass all or part of each municipality and the creation of the tax increment area and the tax increment account pertaining thereto. A tax increment area created pursuant to this section must be administered as provided in the interlocal or cooperative agreement, notwithstanding any provision of this chapter to the contrary.
2. If the governing bodies of two or more municipalities enter into an interlocal or cooperative agreement pursuant to subsection 1, the governing bodies may, in accordance with the procedures set forth in the interlocal or cooperative agreement:
(a) Jointly take any action required to be taken by a governing body for the creation of a district by the governing body pursuant to NRS 278C.160, 278C.170, 278C.180, 278C.210, 278C.220, 278C.230, 278C.270 and 278C.280, except that each governing body must adopt an ordinance pursuant to NRS 278C.220 in order to create the tax increment area;
(b) Enter into contracts for the undertaking; and
(c) Issue bonds or otherwise finance the cost of the undertaking.
(Added to NRS by 2017, 1529)

Structure Nevada Revised Statutes

Nevada Revised Statutes

Chapter 278C - Tax Increment Areas

NRS 278C.010 - Definitions.

NRS 278C.015 - "Bond requirements" defined.

NRS 278C.020 - "Clerk" defined.

NRS 278C.030 - "Cost of the undertaking" defined.

NRS 278C.040 - "County" defined.

NRS 278C.050 - "Engineer" defined.

NRS 278C.060 - "Governing body" defined.

NRS 278C.070 - "Municipality" defined.

NRS 278C.075 - "Natural resources project" defined.

NRS 278C.080 - "Newspaper" defined.

NRS 278C.090 - "Posting" defined.

NRS 278C.100 - "Publication" and "publish" defined.

NRS 278C.105 - "Rail project" defined.

NRS 278C.110 - "Specially benefited zone" defined.

NRS 278C.120 - "Tax increment account" defined.

NRS 278C.130 - "Tax increment area" defined.

NRS 278C.140 - "Undertaking" defined.

NRS 278C.150 - Designation of area; creation of special account; authority to contract with property owner for reimbursement of owner’s costs; certain property to be excluded from area.

NRS 278C.155 - Creation by cooperative agreement between Nevada System of Higher Education and city in which principal campus of Nevada State College is located or intended to be located.

NRS 278C.157 - Creation for purpose of certain rail projects or natural resources project; provisions for allocation of proceeds of certain taxes, issuance of certain securities or contracting with property owner; approval by Interim Finance Committe...

NRS 278C.159 - Agreement between municipalities for ordering undertaking and creating tax increment area; authority to take joint action, enter contracts and finance cost of undertaking.

NRS 278C.160 - Provisional order: Procedure.

NRS 278C.170 - Provisional order: Meeting; notice of meeting; comments about undertaking; modification or rescission of proceedings; restrictions on changes after provision of notice.

NRS 278C.180 - List of residents, retailers and employers within proposed area; mailing of notice; verification of mailing.

NRS 278C.190 - Verification of posting of notice.

NRS 278C.200 - Publication of notice; verification of publication.

NRS 278C.210 - Actions at hearing; resolutions; complaint, protest or objection of proceedings.

NRS 278C.220 - Procedure after hearing; modification of plans; adoption of ordinance creating area.

NRS 278C.230 - Amendment of ordinance creating area; notice to be provided to certain owners of tracts of land; amount of taxes to be allocated must be computed separately for original area and each addition of land thereto.

NRS 278C.240 - Applicability to undertaking of provisions governing payment of prevailing wage.

NRS 278C.250 - Allocation, division and disposition of money from taxes; limitation on revenue; repayment of bond or other indebtedness.

NRS 278C.260 - Limitation upon revenue from taxes ad valorem not applicable.

NRS 278C.270 - Appeal from adverse order.

NRS 278C.280 - Securities: Issuance; types; terms; debt limitations; net pledged revenues.

NRS 278C.290 - Maturation and payment of securities.

NRS 278C.300 - Expiration of area.

NRS 278C.305 - Administration of area created for purpose of carrying out undertaking identified in economic development financing agreement: Authority of Office of Economic Development and Director of Office; disposition of money collected from area...

NRS 278C.310 - Effect of chapter.