reglab/statecodes huggingface dataset:
2023 Nevada Revised Statutes › Chapter 539 - Irrigation Districts › NRS 539.463 - Issuance; conditions.

1. The board of directors of any irrigation district may cause funding or refunding bonds to be issued for the purpose of funding or refunding any or all outstanding bonds, notes or certificates of indebtedness of any improvement district in the irrigation district.
2. Such funding or refunding bonds shall, except as otherwise provided in NRS 539.463 to 539.475, inclusive, be issued in substantially the manner and form prescribed by this chapter for the issuance of other bonds of improvement districts in irrigation districts, and the provisions of this chapter concerning the authorization, certification, issuance and sale of bonds of improvement districts in irrigation districts are applicable to bonds issued under NRS 539.463 to 539.475, inclusive; but no plan, estimate or report of the district engineer is required to be made or approved as provided in NRS 539.427 and 539.430, nor may any new apportionment of benefits in respect of such bonds be required to be made or confirmed by the district court, but instead the board of directors of any irrigation district desiring to fund or refund any of the bonds, notes or certificates of indebtedness of any improvement district in the irrigation district may submit its proposed plan for the funding or refunding of such bonds, notes or certificates of indebtedness to the Department of Taxation.
[Part 49 1/2a:64:1919; added 1935, 7; 1931 NCL § 8066.01]—(NRS A 1977, 1238)
2023 Nevada Revised Statutes › Chapter 539 - Irrigation Districts › NRS 539.465 - Election required to authorize issuance; conduct of election; maturity of and interest on bonds.

1. If the proposed plan for the funding or refunding of bonds, notes or certificates of indebtedness is approved by the Department of Taxation, the board of directors of the irrigation district shall submit the question concerning authorization of the plan for the funding or refunding of bonds to the electors of the district at a special election or the next district election or primary or general state election.
2. The result of the election must be determined and declared substantially in the same manner as provided by this chapter for the issuance of other bonds of improvement districts in irrigation districts, except that a majority vote only is required for the authorization of those funding or refunding bonds.
3. The maturity of the funding or refunding bonds must be fixed by the board of directors of the irrigation district, subject to the approval of the Department of Taxation, but in no case may the maturity of any of the bonds be more than 40 years from the date thereof. The rate of interest on those bonds must not exceed by more than 5 percent the Index of Revenue Bonds which was most recently published before the bids are received or a negotiated offer is accepted, payable semiannually.
[Part 49 1/2a:64:1919; added 1935, 7; 1931 NCL § 8066.01]—(NRS A 1971, 2127; 1975, 876; 1977, 1238; 1981, 1419; 1983, 587; 1985, 2062; 1993, 1087)
2023 Nevada Revised Statutes › Chapter 539 - Irrigation Districts › NRS 539.467 - Confirmation of proceedings by district court.

1. If the issuance of such funding or refunding bonds is carried by a vote of a majority of the qualified electors of the improvement district voting at the election, the board of directors shall petition the district court of the county in which the principal office of the district is located for confirmation of all of the proceedings in respect to the issuance of such funding or refunding bonds in the manner prescribed in this chapter for the confirmation of other proceedings by the district.
2. The proceedings on the petition shall be substantially the same as provided by NRS 539.443 for the confirmation of proceedings in respect to local improvements in an irrigation district.
[Part 49 1/2a:64:1919; added 1935, 7; 1931 NCL § 8066.01]
2023 Nevada Revised Statutes › Chapter 539 - Irrigation Districts › NRS 539.470 - Apportionment of benefits; levy of annual assessments for interest and redemption of bonds.

1. The apportionment of benefits made in connection with the issuance of the bonds, notes or certificates of indebtedness of such local improvement district so refunded shall be applicable to assessments made for the payment of principal and interest of such funding or refunding bonds.
2. For the payment of such principal and interest, the board of directors of the irrigation district shall levy annual assessments for the amount of interest and redemption of such funding or refunding bonds upon the lands affected by the local improvement according to such apportionment of benefits, and the provisions of NRS 539.423 to 539.460, inclusive, relating to assessments are hereby made applicable to funding or refunding bonds issued under the authority of NRS 539.463 to 539.475, inclusive.
[Part 49 1/2a:64:1919; added 1935, 7; 1931 NCL § 8066.01]
2023 Nevada Revised Statutes › Chapter 539 - Irrigation Districts › NRS 539.473 - Certification of bonds by State Controller.

If the proposed plan for the funding or refunding of such bonds, notes or certificates of indebtedness is approved by the Department of Taxation, and the funding or refunding bonds are authorized as provided in NRS 539.463 to 539.475, inclusive, the funding or refunding bonds shall be certified by the State Controller in the manner and with the effect prescribed in NRS 539.640 to 539.665, inclusive.
[Part 49 1/2a:64:1919; added 1935, 7; 1931 NCL § 8066.01]—(NRS A 1977, 1238)
2023 Nevada Revised Statutes › Chapter 539 - Irrigation Districts › NRS 539.475 - Sale and exchange of bonds.

1. Any funding or refunding bonds of a local improvement district authorized to be issued may be sold from time to time in the same manner as other bonds of the irrigation district, or may be exchanged for outstanding bonds, notes or certificates of indebtedness of the improvement district.
2. Any outstanding bonds, notes or certificates of indebtedness so funded or refunded or exchanged must be immediately cancelled by the treasurer.
[49 1/2b:64:1919; added 1935, 7; 1931 NCL § 8066.02]—(NRS A 1981, 491)
2023 Nevada Revised Statutes › Chapter 539 - Irrigation Districts › NRS 539.477 - Debt or liability in excess of express provisions void; incurrence forbidden.

The board of directors, or other officers of the district, shall have no power to incur any debt or liability whatever, either by issuing bonds or otherwise, in excess of the express provisions of this chapter. Any debt or liability incurred in excess of such express provisions shall be absolutely void.
[Part 14:64:1919; A 1921, 118; 1927, 309; NCL § 8025]
2023 Nevada Revised Statutes › Chapter 539 - Irrigation Districts › NRS 539.483 - Monthly financial reports of district treasurer; verification and filing.

1. The district treasurer shall report to the board of directors in writing on the first Monday in each month the amount of money in the construction fund, the bond fund and the general fund, and the amounts received and paid out in the preceding month.
2. The district treasurer shall make such other reports and accounting as the board may require.
3. All reports shall be verified and filed with the secretary of the board.
[Part 23:64:1919; A 1921, 118; 1927, 309; 1929, 286; 1955, 27]
2023 Nevada Revised Statutes › Chapter 539 - Irrigation Districts › NRS 539.485 - Monthly posting and publication of claims allowed by board of directors.

The board of directors of each irrigation district shall, each month, post in three public places in the district, one of which places shall be the county courthouse, and publish one time in a newspaper of general circulation in the county a list of the claims allowed by the board for the preceding month.
[51a:64:1919; added 1929, 286; A 1947, 90; 1943 NCL § 8069]
2023 Nevada Revised Statutes › Chapter 539 - Irrigation Districts › NRS 539.487 - Annual publication of district financial statement.

On or before the first Tuesday of September of each year the board of directors of each irrigation district shall publish in at least one issue of some newspaper published in the county where the office of the district is located a full, true and correct statement of the financial condition of the district on the first day of that year, giving a statement of all liabilities and assets of the district.
[51:64:1919; A 1951, 47; 1954, 20]
2023 Nevada Revised Statutes › Chapter 539 - Irrigation Districts › NRS 539.490 - County treasurer to deliver all money collected to treasurer of district.

The county treasurer or treasurers who are required by this chapter to collect assessments levied by the district are authorized and required to turn over to the treasurer of the district all moneys, including delinquent penalties and interest collected (except costs of publication), and to take receipt therefor.
[Part 23:64:1919; A 1921, 118; 1927, 309; 1929, 286; 1955, 27]
2023 Nevada Revised Statutes › Chapter 539 - Irrigation Districts › NRS 539.493 - Funds created.

The following funds are created and established, to which the moneys properly belonging shall be apportioned:
1. Construction fund.
2. Bond fund.
3. General fund.
[Part 23:64:1919; A 1921, 118; 1927, 309; 1929, 286; 1955, 27]
2023 Nevada Revised Statutes › Chapter 539 - Irrigation Districts › NRS 539.495 - Construction fund: Source.

Moneys accruing from the sale of bonds, and from any assessments levied for the direct payment of costs of construction, purchase of property, or other undertakings for which bonds may be issued, shall be deposited and kept in the construction fund.
[Part 23:64:1919; A 1921, 118; 1927, 309; 1929, 286; 1955, 27]
2023 Nevada Revised Statutes › Chapter 539 - Irrigation Districts › NRS 539.497 - Construction fund: Authorized disbursements.

The cost and expense of purchasing and acquiring property, and of constructing works to carry out the formulated plan or plans, whether for irrigation or drainage or both, or for the improvement or supplementing of existing works, except as otherwise provided in this chapter, shall be paid out of the construction fund.
[Part 32:64:1919; A 1927, 309; NCL § 8045]
2023 Nevada Revised Statutes › Chapter 539 - Irrigation Districts › NRS 539.503 - Bond fund: Source.

Moneys accruing from assessments levied for the payment of interest and principal on bonds shall be deposited and kept in the bond fund.
[Part 23:64:1919; A 1921, 118; 1927, 309; 1929, 286; 1955, 27]
2023 Nevada Revised Statutes › Chapter 539 - Irrigation Districts › NRS 539.505 - Bond fund: Investment and transfer of surplus money.

1. Surplus money in the bond fund may be placed at interest or invested in approved interest-bearing securities.
2. If, after a full redemption of any bond issue, a surplus then remains in the bond fund, such surplus may, by resolution of the board of directors, be transferred to the general fund.
[Part 23:64:1919; A 1921, 118; 1927, 309; 1929, 286; 1955, 27]—(NRS A 1981, 492)
2023 Nevada Revised Statutes › Chapter 539 - Irrigation Districts › NRS 539.507 - General fund: Division into general fund and operation and maintenance fund.

The general fund may be divided into the general fund and the operation and maintenance fund as the board may direct.
[Part 23:64:1919; A 1921, 118; 1927, 309; 1929, 286; 1955, 27]
2023 Nevada Revised Statutes › Chapter 539 - Irrigation Districts › NRS 539.510 - General fund: Source.

All moneys except those required to be deposited in the construction fund and the bond fund, including those realized from assessments or, as the case may be, from tolls and charges levied or imposed for defraying the organization and current expense of the district, and expenses and cost of the care, operation, maintenance, management, repair, and necessary current improvement or replacement of existing works and property, including salaries and wages of officers and employees and other proper incidental expenditures, shall be deposited and kept in the general fund or operation and maintenance fund, as the board of directors may designate.
[Part 23:64:1919; A 1921, 118; 1927, 309; 1929, 286; 1955, 27]
2023 Nevada Revised Statutes › Chapter 539 - Irrigation Districts › NRS 539.515 - General fund: Expenditures for development, operation and maintenance of recreational grounds; limitations.

1. Subject to the limitations contained in subsection 2, the board of directors may expend money from the general fund and the operation and maintenance fund for the development, operation and maintenance of recreational grounds.
2. In any irrigation district having a reservoir or reservoirs for the storage of water with a capacity of:
(a) Less than 250,000 acre-feet, the expenditures authorized by subsection 1 may not exceed the sum of $1,000 in any 1 year.
(b) 250,000 acre-feet or more, the expenditures authorized by subsection 1 may not exceed the sum of $25,000 in any 1 year.
[75:64:1919; added 1929, 286; NCL § 8093]—(NRS A 1960, 48; 1981, 583)
2023 Nevada Revised Statutes › Chapter 539 - Irrigation Districts › NRS 539.517 - General fund: Expenditure for exploiting district resources; limitation; tax.

The board of directors is empowered to expend not to exceed the sum of $1,500 in any 1 year for the purpose of exploiting the resources of the irrigation district. Such moneys shall be raised by a tax levy and shall be payable out of the general fund.
[78:64:1919; added 1929, 286; NCL § 8096]
2023 Nevada Revised Statutes › Chapter 539 - Irrigation Districts › NRS 539.520 - Duties of district treasurer; liability on official bond.

1. The treasurer of the district is authorized and required to receive and receipt for and to collect the moneys accruing to the construction fund, the bond fund and the general fund, and to place the same to the credit of the district in the appropriate fund.
2. The treasurer shall be responsible upon his or her official bond for the safekeeping and disbursement of the moneys in such funds.
[Part 23:64:1919; A 1921, 118; 1927, 309; 1929, 286; 1955, 27]
2023 Nevada Revised Statutes › Chapter 539 - Irrigation Districts › NRS 539.523 - Directors may make temporary transfers.

The board of directors may make temporary transfers from the general fund to the construction fund and from the construction fund to the general fund, but no such transfers may be made from the bond fund.
[Part 23:64:1919; A 1921, 118; 1927, 309; 1929, 286; 1955, 27]
2023 Nevada Revised Statutes › Chapter 539 - Irrigation Districts › NRS 539.525 - Regulation of disbursements from funds; approval of vouchers.

1. The board of directors may establish rules and regulations and prescribe the conditions under which the treasurer may make disbursements from the general and operation and maintenance funds, but no payments from any of the other funds of the district shall be made by the treasurer except upon vouchers signed by the president and secretary, after being first authorized by order of the board.
2. Salaries or expenses incurred by any member or officer of the board of directors must be approved at a meeting of the board before the voucher therefor is signed by the president and secretary.
[Part 23:64:1919; A 1921, 118; 1927, 309; 1929, 286; 1955, 27]
2023 Nevada Revised Statutes › Chapter 539 - Irrigation Districts › NRS 539.530 - Deposit of money in bank or credit union in state.

All money belonging to or in the custody of any irrigation district within this state, or of the treasurer or other officer thereof, shall, so far as possible, be deposited in state or national banks or credit unions in this state as the treasurer or other officer of such irrigation district having legal custody of such money shall select for the safekeeping thereof, and shall be subject to withdrawal at any time on demand of the treasurer or other authorized officer.
[Part 10d:64:1919; added 1929, 286; A 1933, 271; 1931 NCL § 8021]—(NRS A 1999, 1510)
2023 Nevada Revised Statutes › Chapter 539 - Irrigation Districts › NRS 539.533 - Deposit of district money in accordance with general laws.

The treasurer, or other officer, of an irrigation district having legal custody of its moneys shall also have power to deposit such moneys in the same manner and under the same conditions as may be applicable to the deposit of state, county and municipal funds by the legal custodians thereof.
[Part 10d:64:1919; added 1929, 286; A 1933, 271; 1931 NCL § 8021]
2023 Nevada Revised Statutes › Chapter 539 - Irrigation Districts › NRS 539.537 - Security of deposits: Surety bonds; securities in lieu of surety bond.

1. For the security of such deposits there shall be delivered to the treasurer of the irrigation district a bond or bonds of a corporate surety qualified to act as sole surety on bonds or undertakings required by the laws of this state, and approved by the Commissioner of Insurance as a company possessing the qualifications required for the purpose of transacting a surety business within this state. The penal amount of such bond or bonds shall at no time be less than the amount of money deposited by the irrigation district with such depositary. The bond or bonds shall secure and guarantee the full and complete repayment to the irrigation district or the payment to its order of all money so deposited, together with interest thereon. The premium for such corporate surety bond or bonds, in the discretion of the board of directors of the irrigation district, may be paid out of the money so deposited or may be required to be paid by the depositary.
2. The depositary may, in lieu of the corporate surety bond or bonds, deposit with the treasurer of the irrigation district treasury notes or United States bonds, or other securities which are legal investments for savings banks and credit unions in this state, the market value of which shall at all times equal the amount of money so deposited, as collateral security, and such securities shall be placed by the treasurer in escrow in some bank or credit union other than the depositary of the money of the district. In the event of the failure of the depositary to repay such money to the district on demand, or to pay the same to its order, the securities so placed in escrow shall be redelivered to the treasurer and may be sold by the treasurer with or without notice, and the proceeds thereof used to reimburse the district.
[Part 10d:64:1919; added 1929, 286; A 1933, 271; 1931 NCL § 8021]—(NRS A 1999, 1510)
2023 Nevada Revised Statutes › Chapter 539 - Irrigation Districts › NRS 539.540 - Resolution of directors: General plan of proposed operations.

As soon as practicable after the organization of a district the board of directors shall, by a resolution entered on its records, formulate a general plan of its proposed operations in which it shall state what constructed works or other property it proposes to purchase and the cost of purchasing the same, and also what construction work it proposes to do, and how it proposes to raise the funds for carrying out such general plan.
[Part 15:64:1919; A 1921, 118; NCL § 8026]
2023 Nevada Revised Statutes › Chapter 539 - Irrigation Districts › NRS 539.543 - Surveys and examinations; direction and certification by irrigation engineer.

1. The board of directors shall cause such surveys and examinations to be made as will furnish a proper basis for an estimate of the cost of carrying out the construction work.
2. All such surveys, examinations, maps, plans, and estimates shall be made under the direction of a competent irrigation engineer and certified by that engineer.
[Part 15:64:1919; A 1921, 118; NCL § 8026]
2023 Nevada Revised Statutes › Chapter 539 - Irrigation Districts › NRS 539.545 - Estimate of amount of money necessary to be raised; election required.

Upon receiving the report of the engineer, the board shall proceed to determine the amount of money necessary to be raised for the purchase of property and construction of works, and shall submit to the electors of the district possessing the qualifications prescribed by this chapter at a special election or the next district election or primary or general state election the question of whether the expense shall be authorized and whether by bond issue or otherwise.
[Part 15:64:1919; A 1921, 118; NCL § 8026]—(NRS A 1993, 1087)
2023 Nevada Revised Statutes › Chapter 539 - Irrigation Districts › NRS 539.547 - Notice of election: Posting; publication; contents.

1. Notice of the election must be given by:
(a) Posting notices in three public places in each election precinct in the district not less than 15 nor more than 20 days before the date of election; and
(b) Publication thereof for 3 weeks in some newspaper published in the county where the district was organized.
2. The notice of the election held pursuant to NRS 539.545 must specify:
(a) The time of holding the election.
(b) The amount of bonds proposed to be issued.
(c) The maximum rate of interest.
(d) In substance that such plans and estimates as have been made are on file for inspection by the electors of the district at the office of the board.
[Part 15:64:1919; A 1921, 118; NCL § 8026]—(NRS A 1981, 1420; 1993, 1087)
2023 Nevada Revised Statutes › Chapter 539 - Irrigation Districts › NRS 539.557 - Additional bond issues: Election required.

Thereafter, whenever the board in its judgment deems it for the best interest of the district that the question of the issuance of bonds in such amount, or in any other amount, be submitted to the electors, it shall so declare of record in its minutes, and thereupon submit the question to the electors at a special election or the next district election or primary or general state election in the same manner and with like effect as at the previous election.
[Part 15:64:1919; A 1921, 118; NCL § 8026]—(NRS A 1993, 1087)
2023 Nevada Revised Statutes › Chapter 539 - Irrigation Districts › NRS 539.560 - Determination of benefits: Apportionment; procedure.

1. Whenever the electors shall have authorized an issue of bonds, the board of directors shall examine the land in the district, and shall determine the benefits which will accrue to each tract or subdivision from the construction or purchase of the works proposed for the district; and the costs of such work shall be apportioned or distributed over such tracts or subdivisions of land in proportion to such benefits.
2. The board shall make, or cause to be made, a list of such apportionment or distribution, which list shall contain a complete description of each subdivision or tract of land of such district with the amount and rate per acre of such apportionment or distribution, and the name of the owner thereof, or it may prepare a map on a convenient scale showing each of the subdivisions or tracts with the rate per acre of such apportionment entered thereon.
3. Where all or any portion of the lands are apportioned a benefit by the board at the same rate, a general statement to that effect shall be sufficient.
4. Whenever thereafter an assessment is made, either in lieu of bonds, or an annual assessment for raising the interest on bonds, or any portion of the principal, or the expenses of maintaining the property of the district, or any special assessment voted by the electors, it shall be spread upon the lands in the same proportion as the assessments of benefits, and the whole amount of the assessments of benefits shall equal the amount of bonds or other obligations authorized at the election.
5. The benefits arising from the undertakings for which special assessments are made may be distributed equally over the lands, or especially apportioned, and assessments or tolls and charges may be made or imposed, when coming within the designation of operation and maintenance charges, by way of a minimum stated charge per acre whether water is used or not, and a charge for water used in excess of the amount delivered for the minimum charge, or such other reasonable method of fixing or collecting the operation and maintenance charge as the board of directors may adopt.
6. Where drainage works are to be constructed, benefits may be apportioned to higher lands which are or may be irrigated from a common source or combined sources and by the same system or combined systems of works not then actually requiring drainage by reason of the fact that their irrigation contributes, or will, if irrigated, contribute water which must be carried off or away from the lower lands.
[17:64:1919; A 1921, 118; NCL § 8028]
2023 Nevada Revised Statutes › Chapter 539 - Irrigation Districts › NRS 539.563 - Meeting to review apportionment of benefits: Notice; hearing.

1. Before final action upon the apportionment of benefits provided for in NRS 539.560, the board shall publish notice for 2 weeks in a newspaper published in the county in which the organization was effected that it will meet at its office on the day stated in the notice for the purpose of reviewing such apportionment of benefits.
2. At such meeting the board shall proceed to hear all persons interested who may appear, and it shall continue in session from day to day until the apportionment is completed.
3. The board shall hear and receive all evidence offered, including any maps or surveys which any owners of lands may produce, and may classify the lands in such a way that the assessment when completed shall be just and equitable.
4. Any person interested who shall fail to appear before the board shall not be permitted thereafter to contest the apportionment, or any assessment thereunder, except upon a special application to the court in the proceeding for confirmation of the apportionment, showing reasonable excuse for failing to appear before the board.
5. If any elector makes objection to the apportionment before the board, and the objection is overruled and such elector does not consent to the apportionment as finally determined, such objection shall, without further proceedings, be heard at the confirmation proceedings.
[18:64:1919; 1919 RL p. 3277; NCL § 8029]
2023 Nevada Revised Statutes › Chapter 539 - Irrigation Districts › NRS 539.565 - Confirmation proceedings in district court: Petition; contents; notice of hearing on petition; pleadings.

1. The board of directors of the district shall file with the clerk of the district court in and for the county in which its office is situated a petition praying in effect that the proceedings be examined, approved and confirmed by the court.
2. The petition shall state generally that:
(a) The irrigation district was duly organized.
(b) The first board of directors was elected.
(c) Due and legal proceedings were taken to issue bonds, stating the amount thereof.
(d) An apportionment of benefits was made by the board and a list thereof duly filed according to law.
3. A list of the apportionment shall be attached to the petition, but the petition need not state other facts.
4. Such petition for confirmation of the proceedings thus far had may be filed after the organization of the district is complete, or after the authorization of any issue of bonds, or after any other undertaking of the district.
5. The court or judge shall fix the time and place for the hearing of any such petition, and the clerk shall publish a notice thereof for 2 consecutive weeks in a newspaper published in the county.
6. Any person interested may on or before the day fixed for the hearing answer the petition.
7. None of the pleadings need be sworn to, and every material statement of the petition not controverted by answer shall be taken as true. A failure to answer the petition shall be deemed to be an admission of the material allegations thereof.
8. The rules of pleading and practice provided by law and the Nevada Rules of Civil Procedure shall be followed so far as applicable. A motion for a new trial, and all proceedings in the nature of appeals or rehearings, may be had as in any ordinary civil action.
[19:64:1919; 1919 RL p. 3278; NCL § 8030]
2023 Nevada Revised Statutes › Chapter 539 - Irrigation Districts › NRS 539.567 - Confirmation proceedings: Confirmation of apportionment; corrections by court; final judgment; costs.

1. Upon the hearing of the petition, the court shall examine all the proceedings sought to be confirmed and may ratify, approve and confirm the same or any part thereof; and when an apportionment of benefits is examined all objections thereto, including those made at the hearing before the board, shall be set up in the answer and heard by the court.
2. The court shall disregard every error, irregularity or omission which does not affect the substantial rights of any party, and if the court shall find that the apportionment is, as to any substantial matter, erroneous or unjust, the same shall not be returned to the board, but the court shall proceed to correct the same so as to conform to this chapter and the rights of all parties in the premises, and the final judgment may approve and confirm such proceedings in whole or in part.
3. A certified copy of the final judgment shall be filed in the office of the State Engineer and in the office of the county recorder of the county or counties in which any of the lands within the district are situated.
4. In case of the approval of the organization of the district and the disapproval of the proceedings for issuing bonds, the district may again undertake proceedings for the issuance of bonds and have the same confirmed as herein provided.
5. The cost of the proceedings in court may be allowed and apportioned among the parties thereto in the discretion of the court.
[20:64:1919; A 1921, 118; NCL § 8031]
2023 Nevada Revised Statutes › Chapter 539 - Irrigation Districts › NRS 539.570 - Sale of bonds authorized; public or private sale; terms.

1. The board may sell bonds from time to time in such quantities as may be necessary and most advantageous to raise money for the construction of works, the acquisition of property and rights and otherwise to carry out the objects and purposes of this chapter.
2. The bonds may be sold at public or at private sale, upon any terms not inconsistent with the other provisions of this chapter.
[Part 21:64:1919; A 1921, 118; NCL § 8032]—(NRS A 1981, 965; 1985, 2064)
2023 Nevada Revised Statutes › Chapter 539 - Irrigation Districts › NRS 539.573 - Bonds not to be sold for less than 90 percent of par value and accrued interest.

The board shall in no event sell any of the bonds for less than 90 percent of the par value thereof and accrued interest.
[Part 21:64:1919; A 1921, 118; NCL § 8032]
2023 Nevada Revised Statutes › Chapter 539 - Irrigation Districts › NRS 539.575 - Use of unsold bonds in payment of construction; approval of Department of Taxation.

1. The board may use any bonds of the district which have been offered for sale at public sale and remain unsold in payment for construction of canals, storage reservoirs or other works of the district, without the necessity of calling for bids for such construction, and may enter into contracts providing for the payment of such construction in bonds, which contracts may provide for the payment of a fixed contract price or the cost of such construction plus a fixed percentage thereof, or the cost of such construction plus a fixed sum.
2. Ninety percent of their par value and interest accrued thereon is the minimum price at which the bonds may be used in payment for such construction.
3. Such use of bonds and any such contract must be approved by the Department of Taxation.
[Part 21:64:1919; A 1921, 118; NCL § 8032]—(NRS A 1977, 1239)
2023 Nevada Revised Statutes › Chapter 539 - Irrigation Districts › NRS 539.577 - Cancellation of authorized bond issue; levy of assessments in lieu of bonds; limitations.

1. If for any reason the bonds of a district cannot be sold, or if at any time it shall be deemed in the best interests of the district to withdraw from sale all or any portion of an authorized bond issue, the board of directors may cancel the bonds and levy assessments in the amount of the bonds cancelled. The revenue derived from the assessments must be employed for the same purpose as was contemplated by the bond authorization, but no levy may be made to pay for work or material, payment for which was contemplated by bonds which have been authorized, until bonds to the amount of the assessments have been cancelled.
2. Assessments made in lieu of bonds cancelled must be collected in the same manner and have the same effect as other assessments levied pursuant to the provisions of this chapter. The assessments must not during any 1 year exceed 10 percent of the total bond issue authorized by the district, unless a greater assessment is authorized by a majority vote of the qualified electors of the district voting at a special election or district election or primary or general state election.
[Part 21:64:1919; A 1921, 118; NCL § 8032]—(NRS A 1993, 1088)
2023 Nevada Revised Statutes › Chapter 539 - Irrigation Districts › NRS 539.580 - Payment of bonds and interest from revenue derived from annual assessments.

Bonds and the interest thereon shall be paid by revenue derived from the annual assessments upon the lands of the district; and all of the land of the district shall be and remain liable to be assessed for the payment of the principal and interest of any outstanding bonds of the district until the same shall have been fully paid.
[22:64:1919; A 1929, 286; NCL § 8033]
2023 Nevada Revised Statutes › Chapter 539 - Irrigation Districts › NRS 539.585 - Payment before issuance of bonds, notes or certificates of indebtedness.

1. Prior to the issuance of bonds, notes or certificates of indebtedness authorized for the purpose of improvements, any person, firm or corporation owning land upon which a benefit has been assessed for such improvements may pay all or any portion of the benefit so assessed against the land, and, upon such payment, the benefit so assessed shall be discharged to the extent of such payment.
2. No such payment may be made after the issuance of bonds, notes or certificates of indebtedness authorized to be issued in payment of such improvements except as provided by the district.
[21.5:64:1919; added 1955, 27]
2023 Nevada Revised Statutes › Chapter 539 - Irrigation Districts › NRS 539.587 - Insufficient money to complete improvement: Levy of assessment; issuance of additional bonds.

1. In case the money raised by the sale of all the bonds is insufficient for the completion of the plans and works adopted, and additional bonds are not voted, the board of directors shall provide for the completion of the plans by levy of assessment therefor.
2. When the money obtained by any previous issue of bonds has become exhausted by expenditures authorized in this chapter, and it becomes necessary to raise additional money to carry out the adopted plan, additional bonds may be issued if authorized at a special election or district election or primary or general state election. The election must be conducted in accordance with the provisions of this chapter with respect to an original issue of bonds.
[Part 16:64:1919; A 1921, 118; 1929, 286; 1933, 271; 1955, 27]—(NRS A 1993, 1088)
2023 Nevada Revised Statutes › Chapter 539 - Irrigation Districts › NRS 539.590 - Prior liens.

The lien for taxes for the payment of interest and principal of any bond series shall be a prior lien to that of any subsequent bond series.
[Part 16:64:1919; A 1921, 118; 1929, 286; 1933, 271; 1955, 27]
2023 Nevada Revised Statutes › Chapter 539 - Irrigation Districts › NRS 539.593 - Power of directors to levy assessments to spread redemption of bonds.

At any time after a bond issue, the board of directors shall have the power to levy assessments for the purpose of raising funds to provide for the redemption of the bonds, as specified in this chapter, thus spreading the redemption assessments over a longer period of years than provided in NRS 539.670, 539.675 and 539.677.
[Part 27 1/2:64:1919; added 1925, 137; NCL § 8039]
2023 Nevada Revised Statutes › Chapter 539 - Irrigation Districts › NRS 539.595 - Directors may execute agreement with bond purchasers guaranteeing tax levy for bond redemption; approval of Department of Taxation; recording of agreement.

1. Whenever an election has been held in any irrigation district and bonds have been authorized to be issued having the maturities prescribed in NRS 539.615 to 539.635, inclusive, which bonds have likewise been authorized to be issued by the board of directors of such district but have not been delivered, the board of directors, subject to the approval of the Department of Taxation, may agree with any prospective purchaser of such bonds prior to delivery and payment of the purchase price, that the irrigation district will, during the life of the bonds, levy a minimum tax in each year prior to the fixed maturity date of such bonds, or any of them, which agreement shall be in writing signed by the president and secretary of the district, and bearing upon its face the approval of the Department of Taxation, and shall be filed in the office of the county recorder of each county in which the district is located.
2. When so filed for record, the agreement constitutes a binding and irrevocable agreement on the part of the district that such taxes will be levied, and the agreement inures to the benefit of the holders or owners of each of the bonds at any time outstanding, so as to give to them, or either of them, a right of action against the district to compel the levy of such taxes as provided in the agreement.
3. A copy of the agreement, certified by each of the county recorders in whose office the agreement is recorded, shall be filed with the county auditor of each county in which the agreement is recorded.
[Part 72:64:1919; added 1929, 286; NCL § 8090]—(NRS A 1977, 1239)
2023 Nevada Revised Statutes › Chapter 539 - Irrigation Districts › NRS 539.597 - County auditor to spread minimum sinking fund tax on assessment books.

After a copy of the agreement is filed as provided in NRS 539.595, the county auditor of each county in which the agreement is filed, without further notice or demand, shall spread upon the assessment books containing the property subject to be assessed for irrigation purposes the amount of such minimum sinking fund tax, and the county treasurer of each such county shall collect the same, together with all other taxes levied or collected in the irrigation district.
[Part 72:64:1919; added 1929, 286; NCL § 8090]
2023 Nevada Revised Statutes › Chapter 539 - Irrigation Districts › NRS 539.600 - Agreement binding on subsequent boards of directors; directors may increase tax.

After any such agreement has been recorded as provided in NRS 539.595, no subsequent board of directors shall have any authority to repeal, change or modify the same in any respect whatsoever without the consent in writing of the owners and holders of all of the bonds of the district then outstanding; but the board of directors may, in its discretion, increase the amount of such sinking fund tax, or levy additional sinking fund taxes, or other taxes, from time to time without in any wise impairing the obligation to levy and collect such minimum sinking fund tax.
[Part 72:64:1919; added 1929, 286; NCL § 8090]
2023 Nevada Revised Statutes › Chapter 539 - Irrigation Districts › NRS 539.603 - Proceedings if county officers fail to perform duties pertaining to sinking fund tax.

1. Any county auditor who shall fail to enter the minimum sinking fund tax in the manner provided in NRS 539.597 may be forthwith removed from office.
2. In the event of the failure of any official to levy or collect such tax after the recordation of the agreement, as provided in NRS 539.595, the holder or owner of any bond of such district then outstanding may so notify the district attorney of any county in which the district is located, and the district attorney shall thereupon institute appropriate action by mandamus or other judicial proceeding to compel the levy and collection of taxes as provided in the agreement.
3. If any district attorney shall fail to comply with the request of any such holder or owner of the bonds, the attorney general shall forthwith commence such proceedings for and on behalf of the owners and holders of all of the bonds of such district then outstanding and entitled to the benefits of such sinking fund tax.
[Part 72:64:1919; added 1929, 286; NCL § 8090]
2023 Nevada Revised Statutes › Chapter 539 - Irrigation Districts › NRS 539.605 - Faith and credit of State pledged.

The full faith and credit of the State of Nevada are hereby pledged that NRS 539.595 to 539.605, inclusive, shall not be repealed while any such agreements shall remain of record in the office of the county recorder of any county in this state, nor shall the provisions of this chapter be amended or changed or modified so as to impair the efficacy of such tax until all of the bonds of any such district and the coupons attached thereto which are or may be entitled to the benefits of NRS 539.595 to 539.605, inclusive, shall have been fully paid and discharged.
[Part 72:64:1919; added 1929, 286; NCL § 8090]
2023 Nevada Revised Statutes › Chapter 539 - Irrigation Districts › NRS 539.607 - Issuance of notes authorized to meet obligations of district after levy of tax; levy and collection of special tax.

1. If any installment of taxes has been levied for the payment of any outstanding bonds or interest of any irrigation district, the board of directors may issue notes bearing a rate of interest which must not exceed by more than 5 percent the Index of Revenue Bonds which was most recently published before the bids are received or a negotiated offer is accepted. The notes must be payable out of the installment of taxes so levied and must not be in excess of 75 percent of the levy. The proceeds derived from those notes may be used only for the purpose of meeting the obligation of the district for which the tax was levied.
2. If the proceeds of the taxes are insufficient, through delinquency, uncollectibility of taxes or other cause, to pay, when due, all the lawful debts for which the taxes were levied, the board of directors shall levy and collect in the next succeeding year a special tax in addition to all other taxes in an amount sufficient to pay all of such lawfully contracted indebtedness, and may borrow as provided in this section in anticipation of that tax to pay off any such lawfully contracted indebtedness.
[79:64:1919; added 1929, 286; NCL § 8097]—(NRS A 1981, 1420; 1983, 587; 1985, 2065)
2023 Nevada Revised Statutes › Chapter 539 - Irrigation Districts › NRS 539.610 - Redemption of bonds before maturity: Procedure.

1. Whenever after 10 years from the issuance of bonds the bond fund shall amount to the sum of $10,000, the board of directors may direct the treasurer to pay such an amount of the bonds not due as the money in the bond fund will redeem at the lowest value at which they may be offered for liquidation, after advertising for at least 3 weeks in some newspaper published in the county in which the office of the district is located, and in such other newspaper as the board may deem advisable, for sealed proposals for the redemption of such bonds.
2. Such proposals shall be opened by the board in open meeting at a time to be named in the notice, and the lowest bid or bids shall be accepted; but no bonds shall be redeemed at a rate above par except in cases where the bonds are issued subject to call at a rate above par as provided in NRS 539.615 to 539.635, inclusive.
3. In case two or more bids are equal, the lowest-numbered bond shall have the preference, and if any of the bonds are not so redeemed, that amount of the redemption money shall be invested by the treasurer under the direction of the board in United States bonds or the bonds or warrants of the State or municipal or school bonds, and such bonds and the proceeds therefrom shall belong to the bond fund.
[Part 24:64:1919; A 1933, 271; 1931 NCL § 8035]
2023 Nevada Revised Statutes › Chapter 539 - Irrigation Districts › NRS 539.613 - Issuance authorized without election; purposes; exchange or sale; lien.

1. Any bonds of the district issued in accordance with the provisions of this chapter or any other statute and payable from any pledged revenues, assessments or taxes ad valorem, or any combination thereof, may be refunded by the board, without the necessity of the refunding bonds being authorized at an election, by the adoption of a resolution by the board and by any trust indenture or other proceedings appertaining thereto, authorizing the issuance of refunding bonds to pay, refund and discharge all or any part of any outstanding bonds of the district, including:
(a) The acceleration, deceleration or other modification of the payment of those obligations and any interest thereon in arrears or to become due for any period not exceeding 3 years from the date of issuance of the refunding bonds;
(b) To reduce the interest on the outstanding bonds;
(c) To modify or eliminate restrictive contractual limitations on the issuance of additional bonds, concerning the outstanding bonds or concerning any facilities appertaining thereto; or
(d) Any combination of the purposes stated in paragraphs (a), (b) and (c).
2. Any refunding bonds issued may be delivered in exchange for any outstanding bonds being refunded or may be sold at a public or private sale.
3. The lien for taxes for the payment of the interest and principal of any refunding bond issue is of equal rank with the lien of the original bond issue retired thereby.
[Part 27 1/2:64:1919; added 1925, 137; NCL § 8039]—(NRS A 1977, 1239; 1985, 2065)
2023 Nevada Revised Statutes › Chapter 539 - Irrigation Districts › NRS 539.6133 - Voluntary surrender or limitation on maturity; limitation on principal, interest and maturity.

1. No bonds may be refunded under this chapter unless the holders of those bonds voluntarily surrender them for exchange or payment, or unless they either mature or are callable for prior redemption under their terms within 25 years from the date of issuance of the refunding bonds. Provision must be made for paying the bonds within that period.
2. The maturity of any bond refunded may not be extended beyond 25 years, or beyond 1 year next following the date of the last outstanding maturity, whichever is later, nor may any interest on any bond refunded be increased to any rate which exceeds by more than 5 percent the Index of Revenue Bonds which was most recently published before bids are received or a negotiated offer for the bonds is accepted.
3. The principal amount of the refunding bonds may exceed, be less than or equal to the principal amount of the refunded bonds, if sufficient provision is made for their payment.
(Added to NRS by 1985, 2059)
2023 Nevada Revised Statutes › Chapter 539 - Irrigation Districts › NRS 539.6135 - Use of proceeds; payment of incidental costs.

1. Except as otherwise provided in this chapter, the proceeds of refunding bonds must be immediately applied to the retirement of the bonds to be refunded or be placed in escrow or trust in any trust banks or credit unions within or without or both within and without this state to be applied to the payment of the refunded bonds or the refunding bonds, or both, upon their presentation therefor to the extent, in the priority and otherwise in the manner which the board may determine.
2. The incidental costs of refunding bonds may be paid by the purchaser of the refunding bonds or be defrayed from any money of the district, subject to appropriations therefor as otherwise provided by statute, or other available revenues of the district under the control of the board, from the proceeds of the refunding bonds, from the interest or other yield derived from the investment of any proceeds of the refunding bonds or other money in escrow or trust, or from any other sources legally available therefor, or any combination thereof, as the board may determine.
(Added to NRS by 1985, 2059; A 1999, 1510)