Nevada Code § 541.200

Board may sell or lease water to persons and private corporations on petition; levy and collection of taxes under class D
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1. To levy and collect special assessments
upon lands under class D as herein provided, the board shall make an allotment
of water to petitioning owners of lands in the district, upon which water can
be beneficially used in the manner as hereinafter provided, in such amount as
will, in the judgment of the board, together with the present supply of water
for irrigation purposes on such lands, make an adequate water supply for
irrigation of such lands, and shall fix and determine the rate or rates per
acre-foot and the terms at and upon which water shall be held, leased, or
otherwise disposed of, for use on the lands. If any person or private
corporation shall elect to purchase, lease or otherwise obtain the beneficial
use of waters of the district for irrigation of lands or for domestic purposes,
such person or corporation shall petition the board for an allotment of water
upon terms prescribed by the board which petitions shall contain, inter alia,
the following:
(a) Name of the applicant.
(b) Quantity of water to be purchased or
otherwise acquired.
(c) Description of lands upon which, or location
where, the water will be used and attached.
(d) Price per acre-foot to be paid.
(e) Whether payments will be made in cash or
annual installments.
(f) Agreement that the annual installments and
the charges for maintenance and operating shall become a lien upon the lands
for which such water is petitioned and allotted and to be bound by the
provisions of this chapter and the rules and regulations of the board.
2. The board may, in its discretion,
accept or reject the petition, but, if it deems it for the best interests of
the district that the petition be granted, shall enter an order granting the
petition, and from and after such order the petitioner shall have been deemed
to have agreed to the purchase, lease or other means of acquiring the
beneficial use of water under the terms set forth in the petition and order.
Such order shall provide for payment on the basis of rate per acre-foot of
water allotted to the lands within the district, providing:
(a) That the board may divide the district into
units and fix a different rate per acre-foot of water in the respective units;
and
(b) That such rates shall be equitable although
not necessarily equal or uniform for like classes of services throughout the district.
3. The secretary of the board shall cause
notice of the filing of such petition to be given and published, which notice
shall state the filing of such petition and give notice to all persons
interested to appear at the office of the board at a time named in the notice
and show cause in writing, if any they have, why the petition should not be
granted. The board at the time and place mentioned in the notice, or at such
time or times at which the hearing on the petition may be adjourned, shall proceed
to hear the petition and objections thereto, presented, in writing, by any
person showing cause, as aforesaid, why the petition should not be granted. The
failure of any person interested to show cause, in writing, as aforesaid, shall
be deemed and taken as an assent on his or her part to the granting of the
petition. The board may, in its discretion, accept or reject the petition, but,
if it deems it for the best interest of the district that the petition shall be
granted, shall enter an order to that effect granting the petition, and from
and after such order the petitioner or persons interested therein shall be
deemed to have purchased, leased or otherwise acquired the beneficial use of
water as set forth in the order. If the petition is granted, the board shall
cause a certified copy of the order granting the petition to be recorded in the
county in which the lands are located, and thereafter the annual installments
and annual operating and maintenance charges shall be a perpetual lien upon
such lands. The board shall, between March 1 and March 15 of each year, certify
to the county assessor of the county within the district in which such lands
are located the amount of the annual installments, plus a fair proportionate
amount of the estimated operating and maintenance charges apportioned to the
lands for the next succeeding year, and the county assessor shall extend the
amount so certified on the tax roll as a flat special assessment against the
lands for which such water is petitioned and allotted.

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