Nevada Code § 271.432

The governing body may provide in the
assessment ordinance for any covenants or other provisions the purpose of which
is to secure the payment of assessments. The covenants or other provisions may
provide for:
1. The pledging of revenues and the
foreclosure of liens for delinquencies, the discontinuance of services,
facilities or use of any properties or facilities, prohibition against free
service, the collection of penalties and collection costs, and the use and
disposition of any moneys of the municipality derived or to be derived from any
source designated in this subsection;
2. The acquisition, improvement or
equipment of all or any part of properties pertaining to any facilities
financed in whole or in part from assessments levied pursuant to the assessment
ordinance;
3. A fair and reasonable payment by the
municipality for services rendered by such facilities to the municipality;
4. The pledge of and the creation of a
lien upon pledged revenues to secure the payment of assessments levied pursuant
to the assessment ordinance;
5. The use, regulation, inspection,
management, operation, maintenance or disposition, or any limitation or
regulation of the use, of all or any part of such facilities or any property of
the municipality;
6. The determination or definition of
pledged revenues from such facilities or of operation and maintenance expenses
of such facilities, the use and disposition of such revenues and the manner of
and limitations upon paying such expenses;
7. Any financial records pertaining to
such facilities and for inspection and audit of the records; and
8. Events of default and the resulting
rights and liabilities, and the rights, liabilities, powers and duties arising
upon the breach by the municipality of any covenants, conditions or
obligations.

‹ Prev All Nevada sections Next ›

Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.