Nevada Code § 318.250

Reserve funds
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Whenever
any indebtedness or other obligations have been incurred by a district, it
shall be lawful for the board to levy taxes and collect revenue for the purpose
of creating funds in such amount as the board may determine, which may be used
to meet the obligations of the district, for maintenance and operating charges
and depreciation, and provide extension of and betterments to the improvements
of the district.

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