1. The board of trustees of each school district shall establish a fund for capital projects for the purposes set forth in subsection 1 of NRS 387.335. The money in the fund for capital projects may be transferred to the debt service fund to pay the cost of the school district’s debt service.
2. The board of trustees may accumulate money in the fund for capital projects for a period not to exceed 20 years.
3. That portion of the governmental services tax whose allocation to the school district pursuant to NRS 482.181 is based on the amount of the property tax levy attributable to its debt service must be deposited in the county treasury to the credit of the fund established under subsection 1 or the school district’s debt service fund.
4. No money in the fund for capital projects at the end of the fiscal year may revert to the county school district fund, nor may the money be a surplus for any other purpose than those specified in subsection 1.
5. The proceeds of the taxes deposited in the fund for capital projects pursuant to NRS 244.3354, 268.0962, 375.070, 377C.110 and 387.3288 and, in a county whose population is 100,000 or more but less than 700,000, the portion of the governmental services tax whose allocation to the school district pursuant to NRS 482.181 is based on the amount of the property tax levy attributable to its debt service may be pledged to the payment of the principal and interest on bonds or other obligations issued for one or more of the purposes set forth in NRS 387.335. The proceeds of such taxes so pledged may be treated as pledged revenues for the purposes of subsection 3 of NRS 350.020, and the board of trustees of a school district may issue bonds for those purposes in accordance with the provisions of chapter 350 of NRS.
[147:32:1956]—(NRS A 1971, 522; 1979, 1590; 1981, 1545; 1983, 1635; 1985, 143; 1987, 1320; 1993, 110; 1997, 2454; 2001, 306; 2001 Special Session, 140, 159; 2013, 2800)
Structure Nevada Revised Statutes
Chapter 387 - Financial Support of School System
NRS 387.013 - State Permanent School Fund: Quarterly financial reports by State Controller.
NRS 387.015 - State Treasurer custodian of securities; liability on bond.
NRS 387.030 - Sources and distribution of State Education Fund.
NRS 387.035 - State Controller to keep separate accounts of money for schools.
NRS 387.040 - Disbursement of money for public schools.
NRS 387.045 - Restrictions on use of money for public schools.
NRS 387.049 - Required manner of administration of money.
NRS 387.069 - "Director" defined.
NRS 387.0693 - "National School Lunch Act" defined.
NRS 387.0695 - "Program" defined.
NRS 387.070 - "Program of nutrition" defined.
NRS 387.073 - "School Breakfast Program" defined.
NRS 387.090 - Powers of trustees of school districts and governing bodies of charter schools.
NRS 387.100 - Studies and appraisals.
NRS 387.114 - Legislative declaration.
NRS 387.117 - Annual report to Governor and Director of Legislative Counsel Bureau.
NRS 387.1213 - Education Stabilization Account: Creation; transfer of money; limitation on balance.
NRS 387.1215 - Establishment of cost adjustment factor for certain public schools in each county.
NRS 387.1216 - Establishment of method to calculate adjustment for necessarily small schools.
NRS 387.1218 - Establishment of attendance area adjustment.
NRS 387.122 - Establishment of statewide multiplier for pupils with disabilities.
NRS 387.1238 - Verification of reports of enrollment and attendance.
NRS 387.1245 - Emergency financial assistance: Conditions; procedures.
NRS 387.12463 - Commission on School Funding: Duties.
NRS 387.1247 - Creation of Account; acceptance of gifts and grants; use of money in Account.
NRS 387.1251 - "Teacher" defined.
NRS 387.131 - Distribution of money in Account.
NRS 387.163 - Local funds available for public schools; reserve of net proceeds of minerals.
NRS 387.170 - County school district fund: Creation; transfers.
NRS 387.175 - County school district fund: Composition.
NRS 387.177 - County school district buildings and sites fund: Creation; composition; expenditures.
NRS 387.2062 - Report concerning failure to comply with recommended minimum expenditure.
NRS 387.210 - Duties of county treasurer.
NRS 387.220 - Penalties for failure of county treasurer or county auditor to perform certain duties.
NRS 387.300 - Budgets: Preparation.
NRS 387.3039 - Duties of Department: Inspections of record books and accounts.
NRS 387.3045 - Report of decline in ending balance of general fund of school district.
NRS 387.305 - Medium-term obligations.
NRS 387.315 - Statements of purpose and invoices to accompany orders; liability of trustees.
NRS 387.319 - Authorized travel by trustee: Payment of travel and subsistence; claims.
NRS 387.320 - Quarterly publication of expenditures of school district.
NRS 387.325 - Limitation of actions on bills incurred by trustees.
NRS 387.3286 - Tax for fund for capital projects: Forms for submission of ballot question; examples.
NRS 387.332 - Duty of Nevada Tax Commission to review need for tax.
NRS 387.3326 - Imposition of tax upon approval of voters.
NRS 387.3328 - Deposit and use of proceeds of tax.
NRS 387.333 - Creation; acceptance of gifts and grants; investment; payment of claims.
NRS 387.400 - Limitation on bonded indebtedness of county school district.
NRS 387.513 - "Executive Director" defined.
NRS 387.519 - Conditions under which State Treasurer may enter into guarantee agreement.
NRS 387.524 - Guarantee agreement: Required contents; approvals required.
NRS 387.531 - Joint acquisition authorized; issuance of negotiable general obligation bonds.
NRS 387.551 - Joint operation and maintenance: Powers of districts.
NRS 387.561 - Interdistrict agreements and contracts.
NRS 387.571 - Powers, rights and benefits of officers, agents and employees of districts preserved.
NRS 387.591 - Liberal construction; other powers preserved.
NRS 387.602 - "Management principles" defined.
NRS 387.607 - Applicability to extent money is available.
NRS 387.618 - Establishment and duties of oversight committee to assist in process of review.
NRS 387.644 - Annual reporting by school districts exempt from review.
NRS 387.652 - Requirements to receive grant; application.