reglab/housing_qa huggingface dataset:
NV Rev Stat § 271.497 (2021)
2021 Nevada Revised Statutes|Chapter 271 - Local Improvements|NRS 271.497 - Municipality to prepare final accounting of bond fund; requirements for final accounting; time for completing.

  1. The municipality shall prepare a final accounting for each special fund created for an improvement district pursuant to NRS 271.490 upon a determination by the treasurer that all of the following have occurred:  (a) All outstanding bonds, including, without limitation, principal, interest and prior redemption premiums, if any, of the district have been paid;  (b) All installments of assessments and interest thereon have been paid;  (c) There are no remaining liens on tracts in the district for unpaid installments of assessments, including, without limitation, liens for penalties and interest;  (d) The project has been completed; and  (e) All costs of the project have been paid, as determined by the chief financial officer of the municipality.  2. Each final accounting prepared pursuant to subsection 1 must:  (a) Be prepared in such detail as the chief financial officer of the municipality may require;  (b) Indicate the amount of surplus, if any, remaining in the special fund for the improvement district created pursuant to NRS 271.490; and  (c) Except as otherwise provided in subsection 3, be completed not more than 18 months after the date the treasurer makes his or her determination that all of the events set forth in paragraphs (a) to (e), inclusive, of subsection 1 have occurred.  3. If initiation of the improvement district was by a provisional order as described in NRS 271.280 and the alternative procedure set forth in NRS 271.700 to 271.730, inclusive, does not apply to the district, the final accounting for a project must be completed:   (a) If the improvement district is comprised of 50 tracts or less, not later than 6 months after the date the treasurer makes a determination that the events described in paragraphs (a) to (e), inclusive, of subsection 1 have occurred.  (b) If the improvement district is comprised of more than 50 tracts but less than 250 tracts, not later than 12 months after the date the treasurer makes a determination that the events described in paragraphs (a) to (e), inclusive, of subsection 1 have occurred.  (Added to NRS by 2019, 1298)
NV Rev Stat § 271.500 (2021)
2021 Nevada Revised Statutes|Chapter 271 - Local Improvements|NRS 271.500 - Municipality’s liability on bonds.

  1. Bonds issued pursuant hereto shall not be a debt of the municipality, and the municipality shall not be liable thereon, nor shall it thereby pledge its full faith and credit for their payment. Assessment bonds shall not be payable out of any funds other than assessments, the general fund and general tax proceeds, as heretofore provided.  2. Each such bond issued hereunder shall recite in substance that such bonds and the interest thereon are payable solely from the assessments, the general fund and general tax proceeds pledged to the payment thereof.  3. The payment of bonds shall not be secured by an encumbrance, mortgage or other pledge of property of the municipality, except for the assessments, the general fund and general tax proceeds pledged for the payment of bonds. No property of the municipality, subject to such exceptions, shall be liable to be forfeited or taken in payment of the bonds.  (Added to NRS by 1965, 1374; A 1969, 1614)
NV Rev Stat § 271.502 (2021)
2021 Nevada Revised Statutes|Chapter 271 - Local Improvements|NRS 271.502 - Assessments and other revenues pledged for payment of securities: Lien of pledge; priority; validity against third persons.

  1. The special assessments and any other revenues pledged for the payment of any securities, as received by or otherwise credited to the municipality, shall immediately be subject to the lien of each such pledge without any physical delivery thereof, any filing or further act.  2. The lien of each such pledge and the obligation to perform the contractual provisions made in the authorizing ordinance, resolution or other instrument appertaining thereto shall have priority over any or all other obligations and liabilities of the municipality, except as may be otherwise provided herein or in the ordinance, resolution or other instrument, and subject to the provisions of NRS 271.420.  3. The lien of each such pledge shall be valid and binding, as against all persons having claims of any kind in tort, contract or otherwise against the municipality irrespective of whether such persons have notice thereof.  (Added to NRS by 1971, 2105)
NV Rev Stat § 271.505 (2021)
2021 Nevada Revised Statutes|Chapter 271 - Local Improvements|NRS 271.505 - Incontestable recital in bonds.

  1. Any ordinance authorizing any bonds hereunder may provide that each bond therein authorized shall recite that it is issued under authority hereof.  2. Such recital shall conclusively impart full compliance with all of the provisions hereof, and all bonds issued containing such recital shall be incontestable for any cause whatsoever after their delivery for value.  (Added to NRS by 1965, 1375)
NV Rev Stat § 271.520 (2021)
2021 Nevada Revised Statutes|Chapter 271 - Local Improvements|NRS 271.520 - Bonds: Exemption from taxation; exceptions.

  1. Except as otherwise provided in subsection 2, bonds and interim warrants issued hereunder, their transfer, and the income therefrom, must forever be and remain free and exempt from taxation by the State and any subdivision thereof.  2. The provisions of subsection 1 do not apply to the tax on estates imposed pursuant to the provisions of chapter 375A of NRS or the tax on generation-skipping transfers imposed pursuant to the provisions of chapter 375B of NRS.  (Added to NRS by 1965, 1377; A 1969, 1614; 1989, 2107; 1991, 1711)
NV Rev Stat § 271.525 (2021)
2021 Nevada Revised Statutes|Chapter 271 - Local Improvements|NRS 271.525 - Early hearings.

  1. All cases in which there may arise a question of validity of any power herein granted or of any other provision hereof shall be advanced as a matter of immediate public interest and concern, and heard at the earliest practicable moment.  2. The courts shall be open at all times for the purposes hereof.  (Added to NRS by 1965, 1377)
NV Rev Stat § 271.530 (2021)
2021 Nevada Revised Statutes|Chapter 271 - Local Improvements|NRS 271.530 - Effect of faulty notice of hearing; proper notice; continuance.

In any case where a notice is provided for herein, if the governing body or court finds for any reason that due notice was not given, the governing body or court shall not thereby lose jurisdiction, and the proceeding in question shall not thereby be void or abated, but the governing body or court shall order due notice to be given and shall continue the hearing until such time as notice shall be properly given, and thereupon shall proceed as though notice has been properly given in the first instance.  (Added to NRS by 1965, 1377)
NV Rev Stat § 271.535 (2021)
2021 Nevada Revised Statutes|Chapter 271 - Local Improvements|NRS 271.535 - Legal investments in bonds.

It shall be legal for the State and any of its agencies, departments or political subdivisions, or any other public body, to invest funds or moneys in the custody thereof in any of the bonds authorized to be issued pursuant to the provisions hereof.  (Added to NRS by 1965, 1377)
NV Rev Stat § 271.536 (2021)
2021 Nevada Revised Statutes|Chapter 271 - Local Improvements|NRS 271.536 - Advances of money for certain improvements in lieu of issuance of bonds or interim securities.

In lieu of issuing bonds or interim securities to defray the cost of an improvement to be constructed by way of a special improvement district, the governing body may advance money to cover that cost from:  1. The general fund of the municipality, if the cost of the improvement does not exceed $300,000; or  2. A proprietary fund, if the municipality has established a proprietary fund for that purpose pursuant to NRS 354.612.  (Added to NRS by 1979, 489; A 1981, 955; 1989, 610; 2001, 1821)
NV Rev Stat § 271.537 (2021)
2021 Nevada Revised Statutes|Chapter 271 - Local Improvements|NRS 271.537 - Limitation on number of annual installments to repay advancement.

No special assessment to defray the cost of any improvement for which money is advanced from the general fund of the municipality may be divided into more than 10 annual installments.  (Added to NRS by 1979, 489; A 1981, 955)
NV Rev Stat § 271.538 (2021)
2021 Nevada Revised Statutes|Chapter 271 - Local Improvements|NRS 271.538 - Medium-term obligations.

If there is not sufficient money in the general fund of the municipality and if the requirements of chapter 350 of NRS, with respect to medium-term obligations, are met, money may be provided by a medium-term obligation to cover the cost of an improvement made pursuant to NRS 271.536. In such case, the loan must be repaid from the special assessments made, in lieu of the special tax required by chapter 350 of NRS.  (Added to NRS by 1979, 489; A 1981, 955; 1995, 1815)
NV Rev Stat § 271.540 (2021)
2021 Nevada Revised Statutes|Chapter 271 - Local Improvements|NRS 271.540 - Procedure for collection and enforcement of assessments by municipal treasurer.

When the governing body of a municipality has directed the municipal treasurer to collect and enforce assessments in the manner provided by the Consolidated Local Improvements Law, NRS 271.545 to 271.630, inclusive, shall provide the procedure therefor, except as otherwise provided in the ordinance levying the assessments; but NRS 271.625 and 271.630 shall also provide independent methods of enforcing assessments which shall be available to every municipality which has levied assessments and to the holders of any bond payable therefrom.  (Added to NRS by 1969, 948)
NV Rev Stat § 271.545 (2021)
2021 Nevada Revised Statutes|Chapter 271 - Local Improvements|NRS 271.545 - Delinquent assessment or installment marked delinquent on assessment roll; contents of notice of sale of property; ordinance to establish procedures for conducting sale of property.

  1. All assessments and installments thereof shall be collected and enforced by the municipal treasurer at the times and in the manner provided by the Consolidated Local Improvements Law and as hereafter provided. As soon as any assessment or installment becomes delinquent, the municipal treasurer shall mark the same delinquent on the assessment roll. Within 60 days thereafter, the governing body shall direct the municipal treasurer to give notice of the sale of the property or properties subject to the lien of a delinquent installment or the entire assessment if the governing body has exercised its option to cause the whole amount of the unpaid principal to become due and payable. The notice shall contain:  (a) The name of each last known owner of each tract upon which an assessment or installment thereof is delinquent, or if not known that the name is unknown.  (b) A description of each tract upon which an assessment is delinquent, and the total amount due thereon, including the delinquent installment or the whole assessment, as the case may be, accrued interest upon the whole amount of unpaid principal to the date of delinquency, interest upon unpaid principal and accrued interest from the date of delinquency to the date of sale at a rate not exceeding 1 percent per month, penalties and collection costs, including attorney’s fees.  (c) A statement of the time and place of sale.  (d) A statement that each property described will be sold to satisfy the total amount due thereon as aforesaid.  2. A governing body may adopt an ordinance to establish the procedures for conducting a sale of a property pursuant to the provisions of NRS 271.540 to 271.620, inclusive, including, without limitation, the method of determining the person who shall be permitted to purchase a property at such a sale.  (Added to NRS by 1969, 948; A 2005, 1836)
NV Rev Stat § 271.550 (2021)
2021 Nevada Revised Statutes|Chapter 271 - Local Improvements|NRS 271.550 - Notice of sale by publication and mail.

Notice shall be given:  1. By publication; and  2. By mail.  (Added to NRS by 1969, 948)
NV Rev Stat § 271.555 (2021)
2021 Nevada Revised Statutes|Chapter 271 - Local Improvements|NRS 271.555 - Public sale: Time, place and continuation; order of sale of property.

All such sales shall be made between the hours of 10 a.m. and 4 p.m. and shall take place at a convenient location within the municipality selected by the governing body. The sale shall be continued from day to day, omitting Sundays and legal holidays, until all the property described in the assessment roll on which any assessment, or installment thereof, is delinquent and unpaid is sold. All sales shall be public, and each lot, tract or parcel of land, or other property, shall be sold separately and in the order in which it appears on the assessment roll.  (Added to NRS by 1969, 948)
NV Rev Stat § 271.560 (2021)
2021 Nevada Revised Statutes|Chapter 271 - Local Improvements|NRS 271.560 - Sale to person offering to pay amount due; when stricken off to municipality; resale of property.

Each tract of land sold for delinquent and unpaid special assessments, or installments thereof, shall be sold to the first person at the sale offering to pay the amount due thereon as aforesaid. If there is no bidder for any tract for a sum sufficient to pay such amount, the treasurer shall strike it off to the municipality. If any bidder to whom any property is stricken off at the sale does not pay the amount which the municipal treasurer was required to collect by the sale before 10 a.m. of the day following the sale, the property must then be resold, or if the assessment sale is closed, be deemed to have been sold to the municipality. A certificate of sale shall be issued to the municipality for each property stricken off to the municipality in substantially the form hereafter provided.  (Added to NRS by 1969, 949)
NV Rev Stat § 271.565 (2021)
2021 Nevada Revised Statutes|Chapter 271 - Local Improvements|NRS 271.565 - Report of sale by municipal treasurer.

Within 15 days after the completion of the sale of all property described in the assessment roll upon which a delinquent assessment or installment is unpaid, the municipal treasurer shall prepare a statement of his or her actions concerning the sale showing all the property sold, to whom sold and the sums paid for each tract. Such report shall be presented to the governing body at its regular meeting next following the preparation of the statement.  (Added to NRS by 1969, 949)
NV Rev Stat § 271.570 (2021)
2021 Nevada Revised Statutes|Chapter 271 - Local Improvements|NRS 271.570 - Certificate of sale: Contents; signature; delivery.

After receiving the amount of the assessment, or installment thereof, interest, penalty and costs, the treasurer shall make out a certificate, dated on the date of the sale, stating (when known) the name of the owner as given on the assessment roll, a description of the tract sold, the amount paid therefor, the name of the purchaser, that it was sold for an installment or the whole amount of the assessment, as the case may be, giving the name of the district or other brief designation of the improvement for which the assessment was levied, and specifying that the purchaser is entitled to a deed upon the expiration of the applicable period of redemption as determined pursuant to subsection 1 of NRS 271.595, unless redemption is made or until the certificate of sale expires pursuant to NRS 271.595. The certificate of sale must be signed by the municipal treasurer and delivered to the purchaser.  (Added to NRS by 1969, 949; A 1989, 1042; 2019, 1301)
NV Rev Stat § 271.575 (2021)
2021 Nevada Revised Statutes|Chapter 271 - Local Improvements|NRS 271.575 - Municipal clerk custodian of certificates for property sold to municipality; sale or transfer of certificate.

The municipal clerk is the custodian of all certificates for property sold to the municipality. At any time before the expiration of the period of redemption as determined pursuant to subsection 1 of NRS 271.595 and before the redemption of the property, the municipal clerk shall sell or transfer any certificate to any person who presents the treasurer’s receipt evidencing payment of the amount for which the property described was stricken off to the municipality, with interest continuing to accrue from the date of sale to the date of payment at a rate not exceeding 1 percent per month, as aforesaid. The clerk may, if authorized by the governing body, sell and transfer any certificate in like manner after the expiration of the period of redemption as determined pursuant to subsection 1 of NRS 271.595.  (Added to NRS by 1969, 949; A 1989, 1042)
NV Rev Stat § 271.580 (2021)
2021 Nevada Revised Statutes|Chapter 271 - Local Improvements|NRS 271.580 - Entry of payments and redemptions by treasurer on assessment roll.

When the amount of any installment or assessment, as the case may be, with interest, penalty and costs thereon, is paid to the treasurer before the sale of any property, the treasurer shall mark it paid with the date of payment on the assessment roll. When any property sold for any assessment is redeemed the treasurer shall enter it as such with the date of redemption on the roll. Such records shall be made in the margin of the roll opposite the description of the property.  (Added to NRS by 1969, 949)
NV Rev Stat § 271.585 (2021)
2021 Nevada Revised Statutes|Chapter 271 - Local Improvements|NRS 271.585 - Property bid in by or stricken off to municipality held in trust by municipality for special assessment district; when municipality may take and hold property discharged of trust.

When any property is bid in by, or stricken off to, any municipality under any proceeding provided by NRS 271.540 to 271.580, inclusive, the property shall be held in trust by the municipality for the special assessment district for which the assessment was levied for the amount for which the property was sold, and accrued interest at a rate of not exceeding 1 percent per month from the date on which the property was bid in by, or stricken off to, the municipality to the date of the transfer, sale or other disposition of the property. However, the municipality may at any time after receiving a deed pay to the credit of the improvement district the amount for which the property was sold and accrued interest as aforesaid, and thereupon take and hold the property discharged of the trust.  (Added to NRS by 1969, 950)
NV Rev Stat § 271.590 (2021)
2021 Nevada Revised Statutes|Chapter 271 - Local Improvements|NRS 271.590 - Sale of property by municipality after expiration of period of redemption; notice; public auction; disposition of proceeds.

Any municipality may at any time after the period of redemption has expired and deeds have been issued to the municipality by virtue of any proceedings under NRS 271.540 to 271.580, inclusive, sell any such property at public auction to the highest bidder for cash. No bid may be accepted for any amount less than the amount set forth in the deed, plus accrued interest as aforesaid on the assessment as aforesaid. The municipality shall pay into the credit of the district for which the property was held in trust an amount necessary fully to cancel the assessment for which the property was sold, together with all penalties and interest thereon. Any such sale shall be conducted only after notice describing the property has been given, and stating that the treasurer will, on the date specified, sell the property at a convenient location within the municipality selected by the governing body, between the hours of 10 a.m. and 4 p.m. and continue the sale from day to day, or withdraw the property from sale after the first day if the treasurer deems that the interests of the municipality so require. Notice of the sale shall be given:  1. By publication; and  2. By mail.  (Added to NRS by 1969, 950)
NV Rev Stat § 271.600 (2021)
2021 Nevada Revised Statutes|Chapter 271 - Local Improvements|NRS 271.600 - Recitals, contents and execution of deed; deed as conclusive evidence.

The deed shall be executed in the name of the municipality by which the improvement was made and shall recite in substance the matters contained in the certificate of sale, the notice to the owner, and that no redemption has been made to the property within the time allowed by law. The deed shall be signed and acknowledged by the treasurer, as such, and is prima facie evidence that the property was assessed according to law, that it was not redeemed, that due notice of demand for deed had been given, and that the person executing the deed was the proper officer. The deed is conclusive evidence of the regularity of all proceedings regarding the assessment, up to and including the execution of the deed, and shall convey the entire fee simple title to the property described, except as otherwise provided for municipalities, stripped of all liens and claims except as provided in NRS 271.420.  (Added to NRS by 1969, 951)
NV Rev Stat § 271.605 (2021)
2021 Nevada Revised Statutes|Chapter 271 - Local Improvements|NRS 271.605 - Fees for issuance of certificate of sale and deed.

The treasurer shall charge 50 cents for the issuance of each certificate of sale and $1 for each deed.  (Added to NRS by 1969, 951)
NV Rev Stat § 271.610 (2021)
2021 Nevada Revised Statutes|Chapter 271 - Local Improvements|NRS 271.610 - Acquisition of lien by purchaser of certificate of sale; interest.

The purchaser of any certificate of sale acquires a lien on the property bid in by the purchaser for the amount paid plus all taxes and delinquent assessments or delinquency, and all interest, penalties, costs and charges thereon, whether levied before or after the sale, whether for state, county or municipal purposes, and paid by the purchaser. The purchaser is entitled to interest at the rate of 1 percent per month on the original amount paid from the date of the sale and upon subsequent payments from the date of payment of respective amounts.  (Added to NRS by 1969, 951)
NV Rev Stat § 271.615 (2021)
2021 Nevada Revised Statutes|Chapter 271 - Local Improvements|NRS 271.615 - Notice to municipal treasurer of proceeding to foreclose lien for general taxes.

In any proceeding to foreclose a lien for general taxes upon any tract of land subject to a special assessment lien, mailed notice shall be given the treasurer of the municipality in which the property is located within 5 days after such proceeding is commenced.  (Added to NRS by 1969, 951)
NV Rev Stat § 271.620 (2021)
2021 Nevada Revised Statutes|Chapter 271 - Local Improvements|NRS 271.620 - Sale of unsold property after maturity of last unpaid installment of bond issue.

Within 30 days after the maturity of the last installment of any issue of bonds for the local improvement district, if any such bonds remain unpaid, any property remaining unsold, to which the municipality has taken title or on which it holds a certificate of sale, must be offered for sale by giving notice of the time and place of sale by publication and by mail. At the time and place designated in the notice, the treasurer shall offer such property for sale to the highest bidder. Upon the sale of any property and payment therefor, a deed shall be executed to the purchaser in substantially the same manner as herein provided for the execution of deeds.  (Added to NRS by 1969, 951; A 2001, 446)