reglab/housing_qa huggingface dataset:
NV Rev Stat § 387.510 (2021)
2021 Nevada Revised Statutes|Chapter 387 - Financial Support of School System|NRS 387.510 - Abolition or change of boundaries of county school district; liability for bonded indebtedness.

  1. Whenever a county is abolished as provided in Section 36 of Article IV of the Constitution of the State of Nevada and NRS 243.420 to 243.455, inclusive, the county school district whose boundaries are conterminous with the boundaries of the county abolished shall, by such action, also be abolished.  2. When all of the territory of an abolished county is included within the territory of an existing county, the territory of the abolished county school district shall be included within the county school district whose boundaries are conterminous with the boundaries of the existing county.  3. When all of the territory of an abolished county is included within the territory of two or more existing counties, the territory of the abolished county school district shall be included within the territory of the county school districts whose boundaries are conterminous with the boundaries of the existing counties.  4. When a portion of a county is detached and annexed to another county, that portion so detached and annexed shall become a part of the county school district whose boundaries are conterminous with the boundaries of the county to which the portion is annexed.  5. When territory is taken from one county school district and annexed to another, the territory becomes liable to taxation for the bonded indebtedness of the district to which it is annexed.  6. The State Board of Education shall, by order entered on its minutes, within 60 days after the changes, determine what proportion of the outstanding bonded indebtedness of the county school district, from which territory was taken, was incurred for the acquisition or improvement of school sites, buildings or fixtures situated in the territory transferred. The district to which the territory was annexed shall thereupon become liable for the proportion of the indebtedness so determined.  [190:32:1956]
NV Rev Stat § 387.513 (2021)
2021 Nevada Revised Statutes|Chapter 387 - Financial Support of School System|NRS 387.513 - "Executive Director" defined.

As used in NRS 387.513 to 387.528, inclusive, unless the context otherwise requires, "Executive Director" means the Executive Director of the Department of Taxation.  (Added to NRS by 1997, 2707; A 1999, 599)
NV Rev Stat § 387.516 (2021)
2021 Nevada Revised Statutes|Chapter 387 - Financial Support of School System|NRS 387.516 - Application for guarantee agreement; duties of State Treasurer; limitations on amount of guarantee; ineligibility of certain obligations; investigation and report by Executive Director.

  1. The board of trustees of a school district may apply to the State Treasurer for a guarantee agreement whereby money in the State Permanent School Fund is used to guarantee the payment of the debt service on bonds that the school district will issue. The amount of the guarantee for bonds of each school district outstanding at any one time must not exceed $40,000,000.  2. The application must be on a form prescribed by the State Treasurer. The State Treasurer shall develop the form in consultation with the Executive Director.   3. Medium-term obligations entered into pursuant to the provisions of NRS 350.087 to 350.095, inclusive, are not eligible for guarantee pursuant to NRS 387.513 to 387.528, inclusive.  4. Upon receipt of an application for a guarantee agreement from a school district, the State Treasurer shall provide a copy of the application and any supporting documentation to the Executive Director. As soon as practicable after receipt of a copy of an application, the Executive Director shall investigate the ability of the school district to make timely payments on the debt service of the bonds for which the guarantee is requested. The Executive Director shall submit a written report of the investigation to the State Board of Finance indicating his or her opinion as to whether the school district has the ability to make timely payments on the debt service of the bonds.  (Added to NRS by 1997, 2707; A 1999, 599; 2001, 2334; 2007, 1089, 2524)
NV Rev Stat § 387.519 (2021)
2021 Nevada Revised Statutes|Chapter 387 - Financial Support of School System|NRS 387.519 - Conditions under which State Treasurer may enter into guarantee agreement.

The State Treasurer may enter into a guarantee agreement if:  1. The report submitted by the Executive Director indicates that a school district has the ability to make timely payments on the debt service of the bonds;  2. The State Board of Finance approves the report submitted by the Executive Director; and  3. The State Treasurer has determined that the amount of bonds to be guaranteed under the agreement, in addition to the total amount of outstanding bonds guaranteed pursuant to NRS 387.513 to 387.528, inclusive, does not exceed the limitation established by subsection 1 of NRS 387.522.  (Added to NRS by 1997, 2707; A 1999, 599)
NV Rev Stat § 387.522 (2021)
2021 Nevada Revised Statutes|Chapter 387 - Financial Support of School System|NRS 387.522 - Limitation on total amount of outstanding bonds that may be guaranteed; certification by State Treasurer deemed pledge by this state.

  1. The total amount of outstanding bonds guaranteed pursuant to NRS 387.513 to 387.528, inclusive, must not exceed:  (a) Two hundred fifty percent of the lower of the cost or fair market value of the assets in the State Permanent School Fund;  (b) A percentage of the lower of the cost or fair market value of the assets in the State Permanent School Fund specified for this purpose by section 148 of the Internal Revenue Code of 1986, 26 U.S.C. § 148, or regulations adopted pursuant to that section; or  (c) A percentage of the lower of the cost or fair market value of the assets in the State Permanent School Fund certified by the State Treasurer as the percentage used to determine the maximum amount of bonds that may be guaranteed pursuant to NRS 387.513 to 387.528, inclusive,  whichever is less.  2. A certification by the State Treasurer pursuant to paragraph (c) of subsection 1 shall be deemed a pledge by this state that, at the time a guarantee agreement is entered into, the total amount of bonds that are guaranteed pursuant to NRS 387.513 to 387.528, inclusive, will not exceed the percentage certified by the State Treasurer pursuant to paragraph (c) of subsection 1.  (Added to NRS by 1997, 2708; A 1999, 599)
NV Rev Stat § 387.524 (2021)
2021 Nevada Revised Statutes|Chapter 387 - Financial Support of School System|NRS 387.524 - Guarantee agreement: Required contents; approvals required.

  1. A guarantee agreement entered into pursuant to NRS 387.519 must:  (a) Require the board of trustees of the school district to appoint the State Treasurer, or a commercial bank designated by the State Treasurer, as paying agent for the debt service on the bonds;  (b) Specify the number of days before a payment on the debt service of the bonds is due that the paying agent must receive the payment from the school district;  (c) Require the board of trustees of the school district to deposit the amount of money due for each payment with the paying agent within the period specified by paragraph (b);  (d) Require that if the school district is unable to make a payment, the board of trustees of the school district or the superintendent of schools of the district shall provide written notice to the State Treasurer at least 60 days before the payment is due;  (e) If a loan is made to a school district pursuant to NRS 387.526, require the board of trustees of the school district to repay the loan as provided by NRS 387.528;   (f) Be signed by the State Treasurer and the president of the board of trustees of the school district; and  (g) Be approved by a resolution of the State Board of Finance and the board of trustees of the school district.  2. A guarantee agreement may include such other provisions as the State Treasurer determines necessary.  (Added to NRS by 1997, 2708; A 1999, 599)
NV Rev Stat § 387.526 (2021)
2021 Nevada Revised Statutes|Chapter 387 - Financial Support of School System|NRS 387.526 - Loan to school district upon failure to make timely payment on debt service of guaranteed bonds: Duties of State Treasurer and Executive Director; interest; restrictions on school district.

  1. If a school district fails to make a timely payment on the debt service of bonds that are guaranteed pursuant to the provisions of NRS 387.513 to 387.528, inclusive, the State Treasurer shall:  (a) Withdraw from the State Permanent School Fund the amount of money due for the payment on the debt service;  (b) Make the payment on the debt service; and  (c) Report the payment to the Executive Director.  2. The amount of money withdrawn pursuant to subsection 1 shall be deemed a loan to the school district from the State Permanent School Fund. The State Treasurer shall determine the rate of interest on the loan, which must not exceed 1 percent above the average rate of interest yielded on investments in the State Permanent School Fund on the date that the loan is made. A loan that is made to a school district pursuant to this subsection is a special obligation of the school district and is payable only from the sources specified in NRS 387.528.  3. A school district that receives a loan pursuant to this section shall not:  (a) Include the loan as a general obligation of the school district when determining any limit on the debt of the school district.  (b) Unless the school district obtains the written approval of the Executive Director, for the period during which the loan is unpaid, enter into any medium-term obligations or installment-purchase agreement pursuant to the provisions of NRS 350.087 to 350.095, inclusive, or otherwise borrow money.  4. If the Executive Director receives notice that a loan has been made pursuant to this section, the Executive Director shall proceed pursuant to the provisions of NRS 354.685.  (Added to NRS by 1997, 2708; A 1999, 599; 2001, 2335)
NV Rev Stat § 387.528 (2021)
2021 Nevada Revised Statutes|Chapter 387 - Financial Support of School System|NRS 387.528 - Repayment of loan by school district; duty of State Treasurer to withhold other money from school district upon failure to repay. [Effective through June 30, 2021.]

  1. If a loan is made from the State Permanent School Fund pursuant to NRS 387.526, the loan must be repaid by the school district from the money that is available to the school district to pay the debt service on the bonds that are guaranteed pursuant to the provisions of NRS 387.513 to 387.528, inclusive, unless payment from that money would cause the school district to default on other outstanding bonds, medium-term obligations or installment-purchase agreements entered into pursuant to the provisions of NRS 350.087 to 350.095, inclusive.  2. If the school district is not able to repay fully the loan, including any accrued interest, in a timely manner pursuant to subsection 1 or by any other lawful means, the State Treasurer shall withhold the payments of money that would otherwise be distributed to the school district from:  (a) The interest earned on the State Permanent School Fund that is distributed among the various school districts;  (b) Distributions of the local school support tax, which must be transferred by the State Controller upon notification by the State Treasurer; and  (c) Distributions from the State Distributive School Account,  until the loan is repaid, including any accrued interest on the loan. The State Treasurer shall apply the money first to the interest on the loan and, when the interest is paid in full, then to the balance. When the interest and balance on the loan are repaid, the State Treasurer shall resume making the distributions that would otherwise be due to the school district.  (Added to NRS by 1997, 2709; A 1999, 599; 2001, 2335)
NV Rev Stat § 387.528 (2021)
2021 Nevada Revised Statutes|Chapter 387 - Financial Support of School System|NRS 387.528 - Repayment of loan by school district; duty of State Treasurer to withhold other money from school district upon failure to repay. [Effective July 1, 2021.]

  1. If a loan is made from the State Permanent School Fund pursuant to NRS 387.526, the loan must be repaid by the school district from the money that is available to the school district to pay the debt service on the bonds that are guaranteed pursuant to the provisions of NRS 387.513 to 387.528, inclusive, unless payment from that money would cause the school district to default on other outstanding bonds, medium-term obligations or installment-purchase agreements entered into pursuant to the provisions of NRS 350.087 to 350.095, inclusive.  2. If the school district is not able to repay fully the loan, including any accrued interest, in a timely manner pursuant to subsection 1 or by any other lawful means, the State Treasurer shall withhold the payments of money that would otherwise be distributed to the school district from:  (a) The interest earned on the State Permanent School Fund that is distributed among the various school districts; and  (b) Distributions from the State Education Fund,  until the loan is repaid, including any accrued interest on the loan. The State Treasurer shall apply the money first to the interest on the loan and, when the interest is paid in full, then to the balance. When the interest and balance on the loan are repaid, the State Treasurer shall resume making the distributions that would otherwise be due to the school district.  (Added to NRS by 1997, 2709; A 1999, 599; 2001, 2335; 2019, 4225, effective July 1, 2021)
NV Rev Stat § 387.531 (2021)
2021 Nevada Revised Statutes|Chapter 387 - Financial Support of School System|NRS 387.531 - Joint acquisition authorized; issuance of negotiable general obligation bonds.

  1. Notwithstanding the provisions of any other law, the boards of trustees of county school districts are encouraged, authorized and empowered to acquire any or all of the facilities or projects specified in subsection 1 of NRS 387.335 jointly, as money may be made available therefor, including, without limitation, proceeds of bonds issued pursuant to this chapter and gifts and grants from any source.  2. Subject to the provisions of NRS 387.541, each such county school district, acting by and through its board of trustees, is authorized and empowered, in its name and upon its behalf, to issue the school district’s negotiable, coupon, general obligation bonds for defraying all or any part of the cost of the facility or project.  (Added to NRS by 1971, 527; A 1997, 2455; 2007, 373)
NV Rev Stat § 387.541 (2021)
2021 Nevada Revised Statutes|Chapter 387 - Financial Support of School System|NRS 387.541 - Issuance of bonds: Approval of debt management commission and voters required; applicability of Local Government Securities Law.

  1. Bonds of any such county school district for the joint facility must not be issued unless:  (a) The bonds are approved by the debt management commission of the particular county pursuant to NRS 350.011 to 350.0165, inclusive; and  (b) The registered voters of each of the county school districts approve a proposal for the issuance of the bonds of the particular county school district pursuant to the provisions of this chapter.  2. If proposals for the issuance of each school district’s general obligation bonds carry as provided in subsection 1, each school district, acting by and through its board of trustees, for the purpose of defraying all or any part of the cost of the joint facility or project, may borrow money and otherwise become obligated in the total authorized principal amount, and may issue within 6 years after the date of the election authorizing the issue, bonds and other securities of the county school district constituting its general obligations to evidence obligations, in accordance with the Local Government Securities Law.  3. This section does not prevent any county school district from funding, refunding or reissuing at any time any securities of the county school district pertaining to the facility or project as provided in the Local Government Securities Law, except as therein limited.  (Added to NRS by 1971, 527; A 1985, 286; 1995, 772)
NV Rev Stat § 387.561 (2021)
2021 Nevada Revised Statutes|Chapter 387 - Financial Support of School System|NRS 387.561 - Interdistrict agreements and contracts.

In addition to a compact entered into pursuant to NRS 387.563, if applicable, county school districts may from time to time enter into agreements, short-term and long-term, but not exceeding a term of 50 years, with each other concerning the facility or project, including, without limitation:  1. Agreements concerning any power granted to either or both by NRS 387.531 to 387.591, inclusive, the exercise of such powers, and conditions and limitations thereupon.  2. A contract allocating a portion of the facilities or project to the exclusive use and control of any party thereto.  3. A contract concerning the construction and equipment of the joint facility or project, the plans and specifications therefor, and the work and materials incidental thereto, including, without limitation, the acquisition or improvement of the site therefor, or both.  4. A contract for the ownership, care, custody, control, improvement, operation and maintenance of the facility or project after its acquisition and for defraying expenses incurred therefor.  5. A contract concerning the appointment of personnel for the facility or project.  6. A contract providing for rules, regulations and orders for the use by the public, and charges, if any, therefor.  7. A contract for the allocation between the county school districts of the total utilization of the facility or project, the method of effecting such allocation, and delineating the rights, if any, of leasing any space in the facility or project and any facilities pertaining thereto, and the manner in which any real property, equipment, and other personal property must be disposed of during or at the end of any contract term in the absence of subsequent agreement thereabout.  8. A contract concerning the maintenance of records of and for the facility or project, the termination of the joint operation and maintenance of the facility or project, and other legal, financial and administrative arrangements to effect the joint operation and maintenance of the facility or project and its disposal in an orderly and equitable manner.  (Added to NRS by 1971, 529; A 2007, 375)
NV Rev Stat § 387.563 (2021)
2021 Nevada Revised Statutes|Chapter 387 - Financial Support of School System|NRS 387.563 - Acquisition of facility or project for career and technical education; requirements of compact; establishment of advisory council; agreements with community and businesses authorized.

   1. If two or more school districts acquire a facility or project jointly pursuant to the provisions of this section and NRS 387.531 to 387.591, inclusive, for the purpose of providing career and technical education to pupils enrolled in high schools, the participating school districts shall enter into a compact that sets forth the terms of the agreement among the participating school districts concerning the joint facility or project. The compact must include, without limitation:  (a) Provisions concerning the apportionment of expenses for the joint facility or project;  (b) Provisions establishing the total number of pupils and the percentage of pupils from each school district that may enroll in each course or program of career and technical education offered by the joint facility or project;  (c) Provisions concerning personnel for the joint facility or project;  (d) Provisions establishing an advisory council to assist with oversight of the joint facility or project, the powers and duties of the advisory council and the number of members that must be appointed to the advisory council from among the membership of the board of trustees of each participating school district, which must include at least one member of the board of trustees of each participating school district appointed by the president of the board of trustees of the school district; and  (e) Any other provisions governing the operation of the joint facility or project as deemed necessary by the participating school districts.  2. The participating school districts may enter into one or more agreements of cooperation with representatives of the community and businesses and industry who are interested in the career and technical education offered by the joint facility or project. If such an agreement is entered into, the advisory council established pursuant to subsection 1 may appoint one or more of the representatives to the advisory council.  (Added to NRS by 2007, 373)
NV Rev Stat § 387.571 (2021)
2021 Nevada Revised Statutes|Chapter 387 - Financial Support of School System|NRS 387.571 - Powers, rights and benefits of officers, agents and employees of districts preserved.

 All of the powers, privileges, immunities and rights, exemptions from laws and rules, all retirement, relief, disability, industrial insurance and other benefits which apply to the activity of officers, agents or employees of the county school district employing them when performing their respective functions within the territorial limits of such political subdivision apply to them to the same degree and extent while engaged in the performance of any of their functions and duties, extraterritorially or otherwise, pursuant to any contract made under the provisions of NRS 387.531 to 387.591, inclusive, and pursuant to a compact entered into pursuant to NRS 387.563, if applicable, or otherwise, in connection with the facility or project and any activity pertaining thereto.  (Added to NRS by 1971, 530; A 2007, 376)
NV Rev Stat § 387.581 (2021)
2021 Nevada Revised Statutes|Chapter 387 - Financial Support of School System|NRS 387.581 - Public purpose.

The exercise of any power authorized in NRS 387.531 to 387.591, inclusive, upon behalf of any county school district by its board of trustees has been determined, and is hereby declared, to effect a public purpose, and the facility or project, as authorized, effects a public purpose.  (Added to NRS by 1971, 530; A 2007, 376)
NV Rev Stat § 387.591 (2021)
2021 Nevada Revised Statutes|Chapter 387 - Financial Support of School System|NRS 387.591 - Liberal construction; other powers preserved.

  1. The provisions of NRS 387.531 to 387.591, inclusive, being necessary to secure and preserve the public health, safety, convenience and welfare, shall be liberally construed to effect their purpose.  2. Nothing contained in the provisions of NRS 387.531 to 387.591, inclusive, shall be construed as preventing the exercise of any power granted to either such county school district or any officer, agent or employee thereof, by any other law.  (Added to NRS by 1971, 530; A 2007, 376)
NV Rev Stat § 387.602 (2021)
2021 Nevada Revised Statutes|Chapter 387 - Financial Support of School System|NRS 387.602 - "Management principles" defined.

As used in NRS 387.602 to 387.644, inclusive, "management principles" means the financial management principles set forth in NRS 387.622.  (Added to NRS by 2005, 2439)
NV Rev Stat § 387.607 (2021)
2021 Nevada Revised Statutes|Chapter 387 - Financial Support of School System|NRS 387.607 - Applicability to extent money is available.

The provisions of NRS 387.602 to 387.644, inclusive, apply only to the extent that money is made available by the Legislature to carry out the provisions of those sections. The Legislative Counsel Bureau may accept gifts, grants and other sources of money to provide financial assistance in expanding the number of school districts selected for reviews pursuant to NRS 387.602 to 387.644, inclusive.  (Added to NRS by 2005, 2439)