1. Each document providing for the issuance of any bond or security issued pursuant to this chapter which is payable from the receipts of the taxes imposed by this chapter or revenue generated by one or more projects for which the board of county commissioners has imposed all or a portion of the tax authorized pursuant to this chapter, may, in addition to covenants and other provisions authorized in the Local Government Securities Law, contain a covenant or other provision to pledge and create a lien upon the receipts of the tax or the revenue generated by one or more projects for which the board of county commissioners has imposed all or a portion of the tax authorized pursuant to this chapter, or upon the proceeds of any bond or security pending their application to defray the cost of one or more projects for which the board of county commissioners has imposed all or a portion of the tax authorized pursuant to this chapter, or any combination of the tax proceeds, generated revenue or security proceeds, to secure the payment of any bond or security issued pursuant to this chapter.
2. Any money pledged to the payment of bonds or other securities pursuant to subsection 1 may be treated as pledged revenues of the project for the purposes of subsection 3 of NRS 350.020.
(Added to NRS by 1997, 2401)
Structure Nevada Revised Statutes
Chapter 377B - Tax for Infrastructure
NRS 377B.020 - "Solid waste" defined.
NRS 377B.030 - "Wastewater facilities" defined.
NRS 377B.040 - "Water authority" defined.
NRS 377B.050 - "Water facilities" defined.
NRS 377B.110 - Mandatory provisions of ordinance imposing tax.
NRS 377B.120 - Mandatory provision of ordinance amending ordinance imposing tax.
NRS 377B.130 - Remittances to Department; deposit in Sales and Use Tax Account; distribution.
NRS 377B.140 - Redistribution by Department.
NRS 377B.150 - Infrastructure fund: Deposit of net tax proceeds.
NRS 377B.160 - Infrastructure fund: Expenditure of principal, interest and income.