Nevada Code § 541.340

Acquisition of works: Procedure for creation of indebtedness; elections
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1. Whenever the board of a district
incorporated under this chapter, by resolution adopted by a majority of the
board, determines that the interests of the district and the public interest or
necessity demand the acquisition, construction or completion of any source of
water supply, waterworks, or other improvements, or facility, or the making of
any contract with the United States, the State of Nevada or other persons to
carry out the objects or purposes of the district, wherein the indebtedness or
obligations required will be a greater expenditure than the ordinary annual
income and revenue of the district permits, the board shall order the
submission of the proposition of issuing that obligation or indebtedness, for
the purposes set forth in the resolution, to such qualified electors of the
district as have paid a tax on property in the district in the year preceding
the election, at a special election or the next primary or general election. In
the order submitting the propositions to the electors, the board shall, if it
is proposed that the indebtedness be secured by pledge of any revenues of the
district, so state, and shall designate the revenues to be so pledged.
2. A special election may be held only if
the board determines, by a unanimous vote, that an emergency exists. The
determination made by the board is conclusive unless it is shown that the board
acted with fraud or a gross abuse of discretion. An action to challenge the
determination made by the board must be commenced within 15 days after the
boards determination is final. As used in this subsection, emergency means
any unexpected occurrence or combination of occurrences which requires
immediate action by the board to prevent or mitigate a substantial financial
loss to the district or to enable the board to provide an essential service to
the residents of the district.
3. Any election held for the purpose of
submitting any proposition or propositions of incurring such obligation or
indebtedness may be held separately, or may be consolidated or held
concurrently with any other election authorized by law at which such qualified
electors of the district are entitled to vote.
4. A resolution adopted pursuant to
subsection 1 must, in addition to the declaration of public interest or
necessity, include a statement of:
(a) The objects and purposes for which the
indebtedness is proposed to be incurred.
(b) The estimated cost of the works or
improvements, as the case may be.
(c) The amount of principal of the indebtedness
to be incurred therefor, and the maximum rate of interest to be paid on the
indebtedness.
5. The resolution must also:
(a) Fix the date upon which the election will be
held and the manner of holding the election and describe the method of voting
for or against the incurring of the proposed indebtedness.
(b) Fix the compensation to be paid the officers
of the election and shall designate the precincts and polling places and shall
appoint for each polling place, from each precinct from the electors thereof,
the officers of such election, which officers shall consist of three judges,
one of whom shall act as clerk, who shall constitute a board of election for
each polling place.
6. The description of precincts may be
made by reference to any order of the board of county commissioners of the
county in which the district or any part thereof is situated, or by reference
to any previous order or resolution of the board or by detailed description of
those precincts. Precincts established by the boards of the various counties
may be consolidated for special elections held hereunder.
7. If the election is held concurrently or
consolidated with any other election, the resolution calling the election is
not required to designate precincts or polling places or the names of officers
of election, but must contain a reference to the act or order calling such
other election and fixing the precincts and polling places and appointing
election officers therefrom.

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