Nevada Code § 318.230

1. To levy and collect taxes, the board
shall determine, in each year, the amount of money necessary to be raised by
taxation, taking into consideration other sources of revenue of the district,
and shall fix a rate of levy which, when levied upon every dollar of assessed
valuation of taxable property within the district, and together with other
revenues, will raise the amount required by the district annually to supply
money for paying:
(a) The expenses of organization and the costs of
operating and maintaining the works and equipment of the district; and
(b) The costs of acquiring the works and
equipment of the district and, when due, all interest on and principal of
general obligation bonds and other general obligations of the district.
In the event
of accruing defaults or deficiencies, an additional levy may be made as
provided in NRS 318.235 . The board shall
identify separately the rate of tax which is levied pursuant to paragraph (a)
and the rate which is levied pursuant to paragraph (b) and shall make such
information available to the public upon request. The board shall not continue
to levy a rate of tax pursuant to paragraph (b) after the cost to the district
of acquiring the particular work or equipment for which the rate was levied has
been recovered in full.
2. The board shall certify to the board of
county commissioners, at the same time as fixed by law for certifying thereto
tax levies of incorporated cities, the rate so fixed with directions that at
the time and in the manner required by law for levying taxes for county
purposes such board of county commissioners shall levy such tax upon the
assessed valuation of all taxable property within the district, in addition to
such other taxes as may be levied by such board of county commissioners at the
rate so fixed and determined.

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