1. A district, upon the affirmative vote of four trustees, is authorized to borrow money without an election in anticipation of the collection of taxes or other revenues, excluding special assessments, and to issue short-term notes, warrants and interim debentures to evidence the amount so borrowed.
2. Such short-term notes, warrants and interim debentures:
(a) Shall be payable from the fund for which the money was borrowed.
(b) Shall mature before the close of the fiscal year in which the money is so borrowed, except for interim debentures.
(c) Shall not be extended or funded except in compliance with the Local Government Securities Law.
(Added to NRS by 2017, 2714)
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.