Nevada Revised Statutes
Chapter 541 - Water Conservancy Districts
NRS 541.280 - Board may create sinking fund.

Whenever a contract of indebtedness has been created by the district, it shall be lawful for the board to make the annual levy of taxes and special assessments in such amount as will create a surplus of funds to meet the annual installments of indebtedness and interest and the necessary maintenance and operating charges, and the board shall cause such surplus funds to be placed in a sinking fund which may be used for the payments of contingencies, defaults and delinquencies, and to pay the future annual installments of indebtedness on contracts and interest.
[28:380:1955]

<< Previous
Next >>

Structure Nevada Revised Statutes

Nevada Revised Statutes

Chapter 541 - Water Conservancy Districts

NRS 541.010 - Short title.

NRS 541.020 - Definitions.

NRS 541.030 - Legislative declarations.

NRS 541.040 - District courts vested with jurisdiction to establish water conservancy districts; limitation of powers.

NRS 541.050 - Establishment of district: Requirements; filing of petitions; contents; effect of defects; amendments and corrections.

NRS 541.060 - Filing of bond.

NRS 541.070 - Time and place for hearing; jurisdiction of district court; judge not to be disqualified.

NRS 541.080 - Protesting petition; requisite signers; filing and objections; decree establishing district; place of business; dismissal of petition or proceedings; finality and conclusiveness of order; appeal; collateral attack.

NRS 541.090 - Findings and decree to be filed with Secretary of State, county recorders and county clerks.

NRS 541.100 - Board of directors: Appointment; qualifications; terms; filling of vacancies; meetings and reports.

NRS 541.110 - Directors: Oath; officers; seal; record of proceedings of board; copy of minutes or audio recordings; compensation.

NRS 541.120 - Quorum of board.

NRS 541.130 - Duties of secretary; board may employ chief engineer, attorney and other employees.

NRS 541.140 - Powers of board.

NRS 541.145 - Powers of board concerning irrigation, flood control, drainage, safety and health projects.

NRS 541.150 - Subdistricts: Organization; proceedings; board’s consent to furnish water; decree of organization; powers and duties of board of directors.

NRS 541.160 - Board may levy and collect taxes and special assessments; classification of methods.

NRS 541.170 - Board to fix rate of levy under class A; maximum rate; certification to county commissioners.

NRS 541.180 - Board may sell or lease water to municipalities upon petition; levy and collection of special assessments under class B.

NRS 541.190 - Board may sell or lease water to irrigation districts; levy and collection of special assessments under class C.

NRS 541.200 - Board may sell or lease water to persons and private corporations on petition; levy and collection of taxes under class D.

NRS 541.205 - Board may undertake irrigation, flood control, drainage, safety and health projects; levy and collection of special assessments under class E.

NRS 541.207 - Board or subcontracting agency not required to furnish water for artificially created lake or stream if restricted or prohibited by ordinances; exceptions.

NRS 541.210 - Board may levy additional assessments to pay deficiencies.

NRS 541.220 - Board to hear objections to assessments; procedure; appeal to district court.

NRS 541.230 - Officials charged with duty to collect taxes; taxes levied create equal lien.

NRS 541.240 - Sale of real property for unpaid taxes and assessments.

NRS 541.250 - Property exempt from assessments.

NRS 541.260 - Board may dispose of water under contracts.

NRS 541.270 - Liens to secure payment of annual installments.

NRS 541.280 - Board may create sinking fund.

NRS 541.290 - Powers of board in distribution of water.

NRS 541.300 - Contracts relating to electrical energy.

NRS 541.310 - Change of boundaries: Petition for inclusion of other lands; procedure.

NRS 541.320 - Petition for exclusion of lands in district; procedure; court order.

NRS 541.330 - Board may enter into contracts relative to payments to be made to United States.

NRS 541.340 - Acquisition of works: Procedure for creation of indebtedness; elections.

NRS 541.350 - Publication of resolution for creation of indebtedness.

NRS 541.360 - Conduct of election; canvass of returns.

NRS 541.370 - Majority vote required to authorize indebtedness; resubmission of proposition.

NRS 541.380 - Board may petition court for judicial determination of orders, acts, power, taxes and contracts.

NRS 541.390 - Notice; jurisdiction of district court not lost for failure to give notice.

NRS 541.400 - Cases to be heard by court at earliest practicable moment.

NRS 541.410 - Liberal construction of chapter.

NRS 541.420 - Conflicting laws declared nonoperative.