reglab/housing_qa huggingface dataset:
NV Rev Stat § 350.0145 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.0145 - Notice and submission of statement of certain proposals to commission; procedure for approval or disapproval.

  1. The governing body of the municipality proposing to incur general obligation debt, to enter an installment-purchase agreement with a term of more than 10 years or to levy a special elective tax and the board of trustees of a general improvement district whose population within its boundaries is less than 5,000 who proposes to issue a medium-term obligation or otherwise borrow money and issue any securities other than securities representing a general obligation debt or installment-purchase agreements with terms of 10 years or less shall notify the secretary of each appropriate commission, and shall submit a statement of its proposal in sufficient number of copies for each member of the commission. The secretary, with the approval of the chair, shall, within 10 days, give notice of a meeting, in the manner required by chapter 241 of NRS, to be held not more than 20 days thereafter. The secretary shall provide a copy of the proposal to each member with the notice of the meeting and mail notice of the meeting to the chief financial officer of each municipality in the county which has complied with subsection 1 of NRS 350.013 within the past year.  2. The commission may grant a conditional or provisional approval of such proposal. Such conditions or provisions are limited to:  (a) The scheduling of:  (1) The issuance and retirement of securities, if the proposal is to incur general obligation debt; or  (2) The imposition of the tax, if the proposal is to levy a special elective tax; and  (b) If the proposal would result in a combined property tax rate in any of the overlapping entities within the county which exceeds 90 percent of the limit provided in NRS 361.453, a condition requiring a reduction in the amount of the proposed debt, installment-purchase agreement or special elective tax.  3. If the proposal is from a municipality, the commission may not approve any portion of the proposal that is not included in the statement filed pursuant to paragraph (b) of subsection 1 of NRS 350.013, as updated pursuant to subsection 3 or 4 of NRS 350.013.  4. The commission may adjourn a meeting called to consider a particular proposal no more than once, for no more than 60 days, except that the commission must approve or disapprove a proposal at least 30 days before the date on which the governing body that submitted the proposal is required to provide the proposal to the county clerk or city clerk pursuant to NRS 293.481. Notification of the approval or disapproval of its proposal must be sent to the governing body within 3 days after the meeting.  (Added to NRS by 1965, 1434; A 1971, 944; 1977, 538; 1981, 943; 1991, 973; 1993, 2657; 1995, 770; 2001, 883, 2308; 2005, 127)
NV Rev Stat § 350.0155 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.0155 - Commission to specify percentage of limitation on total ad valorem tax levy and establish priorities among essential and nonessential facilities and services for purposes of NRS 350.015.

At the annual meeting in August required by NRS 350.012, the commission shall:  1. Specify a percentage, which must not be less than 75 percent, for the purposes of paragraph (d) of subsection 1 of NRS 350.015; and  2. Establish priorities among essential and nonessential facilities and services for the purposes of paragraph (d) of subsection 1 of NRS 350.015. Facilities and services relating to public safety, education and health must be considered essential facilities and services, and all other facilities and services must be considered nonessential facilities and services.  (Added to NRS by 2001, 878; A 2005, 128)
NV Rev Stat § 350.016 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.016 - Evaluation of proposal: Power of commission to employ consultants; costs.

The commission has the power, with the consent of the municipality which proposes to incur a debt or levy a special elective tax, to contract for or employ accountants and financial consultants to evaluate any proposal which it must approve or disapprove. The cost of such services must be paid by the consenting municipality which proposes to incur the debt or levy the special elective tax.  (Added to NRS by 1971, 942; A 1977, 539; 1993, 2658; 1995, 771)
NV Rev Stat § 350.0165 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.0165 - Applicability of NRS 350.011 to 350.0165, inclusive.

The provisions of NRS 350.011 to 350.0165, inclusive, do not apply to:  1. Any general obligation debt incurred or special elective tax levied before July 1, 1995;  2. Any general obligation debt or special elective tax approved at an election held before July 1, 1995, whether or not the debt is incurred or tax is levied before that date;  3. Any general obligation debt authorized to be incurred, or special elective tax authorized to be levied, by a special act adopted and approved before July 1, 1995;  4. Any debt incurred for the purpose of refunding any outstanding general obligation debt; and  5. Any medium-term obligation, except a medium-term obligation issued after July 1, 2001, by a general improvement district whose population within its boundaries is less than 5,000.  (Added to NRS by 1965, 1434; A 1995, 771; 2001, 2310)
NV Rev Stat § 350.0201 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.0201 - Additional 10-year period for issuance of certain general obligation bonds by board of trustees of school district.

If the voters approved a question that was submitted by a board of trustees of a school district in accordance with subsection 4 of NRS 350.020 for authorization to issue general obligation bonds, regardless of whether such approval occurred more than 10 years before March 4, 2015:  1. Such approval shall be deemed to constitute approval of the qualified electors for the issuance of general obligation bonds by the board of trustees of the school district pursuant to subsection 4 of NRS 350.020 for a period of 10 years commencing on March 4, 2015, if the question was approved by the voters more than 10 years before March 4, 2015, or otherwise commencing on the date of the expiration of the 10-year period approved by the voters in the question, and no other approval of the qualified electors is required for such issuance of general obligation bonds pursuant to the provisions of NRS 350.020 by the board of trustees of the school district for that period.  2. During the 10-year period in which a board of trustees is authorized to issue bonds as provided in subsection 1, all or a portion of the revenue generated by the school district’s property tax for debt service which is in excess of the amount required:  (a) For debt service in the current fiscal year;  (b) For other purposes related to the bonds by the instrument pursuant to which the bonds were issued; and  (c) To maintain the reserve account required pursuant to subsection 5 of NRS 350.020,   may be transferred by the board of trustees to the school district’s fund for capital projects established pursuant to NRS 387.328 and used to pay the cost of capital projects which can lawfully be paid from that fund. Any such transfer must not limit the ability of the school district to issue bonds if the findings and approvals required by subsection 4 of NRS 350.020 are obtained.  (Added to NRS by 2015, 26, 28)
NV Rev Stat § 350.0205 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.0205 - Committee on Local Government Finance to provide forms for submitting ballot question and examples of past ballot questions for issuance or incurrence of general obligations.

  1. The Committee on Local Government Finance shall annually provide to each city clerk, county clerk and district attorney:  (a) Forms for submitting a ballot question to the electors of a municipality for the issuance or incurrence of general obligations as provided in subsection 1 of NRS 350.020; and  (b) Examples of past ballot questions for the issuance or incurrence of general obligations.  2. The city clerk, county clerk or district attorney may make these forms and examples available to the general public.  (Added to NRS by 1999, 1078)
NV Rev Stat § 350.021 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.021 - Proposal may be combined on ballot with proposal to levy tax ad valorem for related purpose.

A proposal to issue or incur general obligations pursuant to NRS 350.020 and a proposal to levy an additional tax ad valorem pursuant to NRS 354.5982 for a purpose related to the purpose for which the general obligations are issued or incurred may be combined into a single proposition.  (Added to NRS by 1993, 65)
NV Rev Stat § 350.022 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.022 - Notice of election on proposal to issue general obligations: Publication.

  1. Whenever a municipality by ordinance or resolution, as the governing body may determine, has ordered that a proposal to issue or incur general obligations be submitted to the voters at a special election or the next general municipal election or general state election, the clerk shall cause notice of the election to be published in a newspaper printed in and having a general circulation in the municipality once in each calendar week for 2 successive calendar weeks by two weekly insertions a week apart, the first publication to be not more than 30 days nor less than 22 days next preceding the date of the election.  2. If no newspaper is printed in the municipality, publication of the notice of election must be made in a newspaper printed in the State of Nevada and having a general circulation in the municipality.  (Added to NRS by 1965, 138; A 1969, 1590; 1971, 94; 1981, 944; 1993, 1067; 1999, 1081)
NV Rev Stat § 350.027 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.027 - Sample ballot and notice of election on proposal to issue bonds or other securities to contain estimate of annual cost to operate, maintain and repair improvements to be constructed or acquired with proceeds of bonds or other securities.

  1. In addition to any requirements imposed pursuant to NRS 350.024, any sample ballot required to be distributed pursuant to NRS 293.565 or 293C.530 and any notice of election, for an election that includes a proposal for the issuance by any municipality of any bonds or other securities, including an election that is not called pursuant to NRS 350.020 to 350.070, inclusive, must contain an estimate of the annual cost to operate, maintain and repair any buildings, structures or other facilities or improvements to be constructed or acquired with the proceeds of the bonds or other securities.  2. For the purposes of this section, "municipality" has the meaning ascribed to it in NRS 350.538.  (Added to NRS by 1993, 1418; A 1997, 3478; 2015, 2648, 3181)
NV Rev Stat § 350.030 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.030 - Election on proposal to issue general obligations: Expenses; ballots; validity of proposal; applicability of general election laws.

  1. If the election is not consolidated with another election, the municipality shall pay the expenses of conducting it. Any proposal to issue or incur general obligations may be submitted on the same ballot as otherwise used at a primary or general municipal election or primary or general state election or may be submitted by separate ballot, as the governing body may determine.  2. No defect in the statement of such a proposal other than in the statement of the maximum amount to be authorized invalidates the proposal.  3. The qualifications of voters, the manner of registration and voting, and the manner of counting the votes cast are governed by the general election laws insofar as those laws can reasonably be made applicable.  [Part 3:70:1937; A 1953, 322] — (NRS A 1971, 95; 1981, 945; 1993, 1068)
NV Rev Stat § 350.070 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.070 - Approval or disapproval by electors of proposal to issue general obligations: Procedure; validity of result.

  1. If a majority of the electors voting on the question is in favor of the proposal submitted, the proposal is carried, and the proper officers of the municipality shall proceed to issue or incur the obligations proposed.  2. If the majority of the electors voting on the question is against the proposal submitted, the proposal fails, and the proper officers of the municipality shall proceed no further except to certify the result of the election to the proper officers of the governing body.  3. Except as otherwise specifically provided in NRS 350.030, any informality, omission or defect in the giving of any notice or the conduct of the election does not affect the result of the election if it can be ascertained with reasonable certainty whether the proposal was approved or rejected by a majority of the registered voters voting on the question.  [Part 4:70:1937; A 1953, 322; 1955, 162] — (NRS A 1959, 486; 1971, 97; 1981, 945)
NV Rev Stat § 350.087 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.087 - Resolution authorizing medium-term obligation or installment-purchase agreement: Adoption; contents; notice.

  1. If the public interest requires a medium-term obligation or installment-purchase agreement, the governing body of any local government, by a resolution adopted by two-thirds of its members, may authorize a medium-term obligation or installment-purchase agreement. For the purposes of the issuance of a medium-term obligation pursuant to NRS 280.266, a metropolitan police committee on fiscal affairs shall be deemed the governing body of a local government.  2. The resolution must contain:  (a) A finding by the governing body that the public interest requires the medium-term obligation or installment-purchase agreement;  (b) A statement of the facts upon which the finding required pursuant to paragraph (a) is based;  (c) A statement that identifies:  (1) Each source of revenue of the local government that is anticipated to be used to repay the medium-term obligation or installment-purchase agreement; and  (2) The dollar amount that is anticipated to be available to repay the medium-term obligation or installment-purchase agreement from each such source; and  (d) If the resolution is for an installment-purchase agreement with a term of more than 10 years:  (1) A statement comparing the cost of installment-purchase financing with other available methods of financing, including, without limitation, financing with general obligation bonds or revenue bonds; and   (2) If such statement concludes that installment-purchase financing is more expensive than other available methods of financing, a statement explaining the reasons for choosing installment-purchase financing instead of a less expensive alternative.  3. Except as otherwise provided in subsection 4, before the adoption of any such resolution, the governing body shall publish notice of its intention to act thereon in a newspaper of general circulation for at least one publication. No vote may be taken upon the resolution until 10 days after the publication of the notice. The cost of publication of the notice required of an entity is a proper charge against its general fund.  4. If such a resolution will be adopted by a metropolitan police committee on fiscal affairs, the sheriff of the county in which the metropolitan police department is located shall publish the notice required pursuant to subsection 3.  (Added to NRS by 1995, 1810; A 1997, 1295; 1999, 275; 2001, 2312)
NV Rev Stat § 350.089 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.089 - Approval of resolution for medium-term obligation or installment-purchase agreement by Executive Director of Department of Taxation; appeal to Nevada Tax Commission.

Except as otherwise provided in NRS 280.266 and 496.155:  1. Upon the adoption by a local government of a resolution for a medium-term obligation or installment-purchase agreement, as provided in NRS 350.087, a certified copy thereof must be forwarded to the Executive Director of the Department of Taxation. As soon as is practicable, the Executive Director of the Department of Taxation shall, after consideration of the tax structure of the local government concerned, the probable ability of the local government to repay the requested medium-term obligation or installment-purchase agreement and the compliance of the local government with the applicable provisions of law, including, without limitation, the provisions of chapter 354 of NRS, approve or disapprove the resolution in writing to the governing board. No such resolution is effective until approved by the Executive Director of the Department of Taxation. The written approval of the Executive Director of the Department of Taxation must be recorded in the minutes of the governing board.  2. If the Executive Director of the Department of Taxation does not approve the resolution for the medium-term obligation or installment-purchase agreement, the governing board of the local government may appeal the Executive Director’s decision to the Nevada Tax Commission.  (Added to NRS by 1995, 1810; A 1997, 1295; 1999, 276; 2001, 2312)
NV Rev Stat § 350.093 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.093 - Limitations on transfer of money for medium-term obligation; refund of transfer.

  1. After a medium-term obligation has been authorized as provided in NRS 350.089 and if, in the judgment of the governing board of the local government, the fiscal affairs of the local government can be carried on without impairment and there is sufficient money in the general fund or a surplus in any other fund, with the exception of the bond interest and redemption fund, of the local government, the governing board may transfer from the general fund or from the surplus appearing in any fund, with the exception of the bond interest and redemption fund, money sufficient to meet the purpose of the medium-term obligation.  2. When such a transfer is made, the governing board of the local government shall comply with the provisions of NRS 350.095, and when the special tax is thereafter collected, the amount so collected must be placed immediately in the fund from which the loan was made.  3. In cases where the fund from which the loan was made, at the time of the transfer of funds therefrom, contains a surplus that in the judgment of the Executive Director of the Department of Taxation is or will not be needed for the purposes of the fund in the ordinary course of events, the special tax need not be levied, collected and placed in the fund from which the loan was made, but the transfer shall be deemed refunded for all purposes of NRS 350.087 to 350.095, inclusive.  (Added to NRS by 1995, 1811; A 1999, 277; 2001, 2314)
NV Rev Stat § 350.095 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.095 - Levy of special tax; transfer of money remaining in fund.

  1. At the first tax levy following the creation of any medium-term indebtedness, the governing board of any local government shall, if necessary, levy a tax sufficient to pay the medium-term indebtedness. The tax must be designated "County of ................ Special Tax," "City of ................ Special Tax," "Town of ................ Special Tax," "................ School District Special Tax," "................ Agricultural Association Special Tax," or "................ District Special Tax," as the case may be, the proceeds of which must be placed in a medium-term debt service fund in the treasury of the county or city, or in a medium-term debt service fund in the county treasury in the cases of towns, school districts, irrigation districts, special districts or agricultural associations, to be used solely to redeem the medium-term indebtedness for which the tax is levied.  2. The treasurer of any county is authorized, upon receipt of a written resolution of the governing board of any local government for which a special tax fund is maintained, to transfer the money remaining in the medium-term debt service fund of that local government to the general fund of that local government after payment in full of the indebtedness and the interest thereon.  (Added to NRS by 1995, 1811)
NV Rev Stat § 350.105 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.105 - Definitions.

As used in NRS 350.105 to 350.195, inclusive, unless the context otherwise requires, the words and terms defined in NRS 350.115 to 350.145, inclusive, have the meanings ascribed to them in those sections.  (Added to NRS by 1995, 1018)
NV Rev Stat § 350.115 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.115 - "Bond" defined.

Bond means any evidence of borrowing by a municipality that is issued pursuant to the provisions of this chapter or chapter 244, 244A, 268, 269, 271, 318, 318A or 387 of NRS, whether general or special obligations, including, without limitation, bonds, notes, debentures, warrants and certificates.  (Added to NRS by 1995, 1018; A 2001, 2314; 2017, 2721)
NV Rev Stat § 350.125 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.125 - "Competitive bid" defined.

Competitive bid means the procedure for the sale of bonds by a municipality to one or more purchasers determined by the municipality to have offered the best price and interest rate.  (Added to NRS by 1995, 1018)
NV Rev Stat § 350.135 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.135 - "Financial adviser" defined.

Financial adviser means a financial consulting firm whose employees have experience in advising municipalities relating to the issuance of debt instruments, and which, except for its consulting relationship with the municipality, is not under the control of the municipality.  (Added to NRS by 1995, 1019)
NV Rev Stat § 350.145 (2021)
2021 Nevada Revised Statutes|Chapter 350 - Municipal Obligations|NRS 350.145 - "Negotiated sale" defined.

Negotiated sale means the procedure for the sale of bonds by a municipality to one or more purchasers selected pursuant to NRS 350.175 and 350.185 upon such terms as are agreed upon after the selection of the purchaser.  (Added to NRS by 1995, 1019)