Levy and collection of tax; use of tax for principal and interest.

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1. In any county fire protection district availing itself of the privileges of this section and NRS 474.220 and 474.310, the board of directors of the district annually shall determine the tax necessary for the payment of interest and principal of such bonds.

2. The amount of the tax must be certified to the boards of county commissioners of the counties in which any portion of the district is located, and the board of county commissioners shall, at the time of making the levy of county taxes for that year, levy the tax certified upon all the real property, together with the improvements thereon, in the district.

3. When levied, the tax must be entered on the assessment rolls and collected in the same manner as state and county taxes.

4. When the tax is collected, it must be placed in the treasury of the county in which the greater portion of the district is located in a special fund for the payment of principal and interest of the bonds. Payments therefrom must be made according to the terms of the bonds.

[5:182:1945; 1943 NCL § 1929.134] — (NRS A 2007, 1306)


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