1. To levy and collect ad valorem taxes pursuant to NRS 318A.400, a board shall determine, in each year, the amount of money necessary to be raised by taxation, taking into consideration other sources of revenue of the district, and shall fix a rate of levy which, when levied upon every dollar of assessed valuation of taxable property within the district, and together with other revenues, will raise the amount required by the district annually to supply money for paying:
(a) The expenses of organization and the costs of operating and maintaining the facilities, improvements and projects of the district; and
(b) The costs of facilities, improvements and projects of the district and, when due, all interest on and principal of general obligation bonds and other general obligations of the district.
In the event of accruing defaults or deficiencies, an additional levy may be made as provided in NRS 318A.420. The board shall identify separately the rate of tax which is levied pursuant to paragraph (a) and the rate which is levied pursuant to paragraph (b) and shall make such information available to the public upon request. The board shall not continue to levy a rate of tax pursuant to paragraph (b) after the cost to the district of acquiring the particular facility, improvement or project for which the rate was levied has been recovered in full.
2. The board shall certify to the board of county commissioners, at the same time as fixed by law for certifying thereto tax levies of incorporated cities, the rate so fixed with directions that at the time and in the manner required by law for levying taxes for county purposes such board of county commissioners shall levy such tax upon the assessed valuation of all taxable property within the district, in addition to such other taxes as may be levied by such board of county commissioners at the rate so fixed and determined.
(Added to NRS by 2017, 2711)
Structure Nevada Revised Statutes
Chapter 318A - Parks, Trails and Open Space Districts
NRS 318A.020 - Legislative declaration.
NRS 318A.040 - Computation of time.
NRS 318A.050 - Liberal construction; sufficiency of chapter.
NRS 318A.070 - Formation of district: Resolution or petition; boundaries of district.
NRS 318A.080 - Declaration of purpose.
NRS 318A.090 - Creation; contents; filing.
NRS 318A.100 - Public hearing; notice; delivery to planning commission.
NRS 318A.110 - Authorized actions; notice of approval, disapproval or modification.
NRS 318A.140 - Notice of organizational hearing.
NRS 318A.160 - Factors precluding creation of district by governing body.
NRS 318A.200 - Office or principal place of business; records; meetings; quorum; vacancies.
NRS 318A.210 - Biennial election of trustees; terms of office; exception to election requirement.
NRS 318A.220 - Trustees elected by plurality vote; exception.
NRS 318A.230 - Recall of trustees.
NRS 318A.240 - Trustees not to be interested in sales or purchases; contracts void; penalties.
NRS 318A.270 - Basic powers of board.
NRS 318A.290 - Perpetual existence of board; corporate seal; suits, actions and proceedings.
NRS 318A.340 - Contribution by local government.
NRS 318A.380 - Conveyance of property to city; assumption of indebtedness; dissolution of district.
NRS 318A.400 - Power to levy taxes.
NRS 318A.410 - Levy and collection of taxes.
NRS 318A.420 - Levies to cover deficiencies.
NRS 318A.430 - County officers to levy and collect; liens.
NRS 318A.440 - Sales for delinquencies.
NRS 318A.460 - Boundary changes; liability of property.
NRS 318A.500 - Debt limit of district.
NRS 318A.510 - Short-term notes, warrants and interim debentures.
NRS 318A.530 - Local Government Securities Law: Types of securities authorized to be issued.
NRS 318A.540 - Assessments to pay expenses of improvements; exempt property.
NRS 318A.550 - Initiation by resolution; notice of hearing; protests.
NRS 318A.570 - Surrender and transfer of property and money.