Nevada § 268.045 - Capital improvement fund: Accumulation; purpose; repayment from general fund
Full text of Nevada Nevada Revised Statutes § 268.045 — Capital improvement fund: Accumulation; purpose; repayment from general fund, with citation guidance and answers to common questions.
§ 268.045. Capital improvement fund: Accumulation; purpose; repayment from general fund
1. Except as otherwise provided in subsection 2, every incorporated city in this state,
whether incorporated under the provisions of chapter 266 or 267 of NRS or under the provisions of a special act, may accumulate a fund for a period of time
not to exceed 10 years for the purpose of making future municipal capital improvements,
but no special tax may be levied for this purpose. The fund must not exceed the amount of 25 cents per year on each $100 of assessed
value of real and personal property in such city. 2. Every incorporated city in this state, whether incorporated under the provisions
of chapter 266 or 267 of NRS or under the provisions of a special act, may accumulate any money received from
the sale or lease of real and personal property, which property was transferred to
the city by the Federal Government or one of its agencies without consideration, for
the purpose of making future municipal capital improvements, without regard to the
limitations of time and amount contained in subsection 1. 3. All money so accumulated from whatever source must be placed in a fund to be designated
as the ________ capital improvement fund. 4. A city may, by payments from the general fund of the city scheduled over a period
of years, return to a fund accumulated pursuant to subsection 2 money withdrawn from
that fund to finance a specific municipal capital improvement. 5. No money in the capital improvement fund at the end of the fiscal year may revert
to the general fund of the city, nor may the money be a surplus.
Frequently Asked Questions About Nevada § 268.045
What does Nevada Revised Statutes § 268.045 cover?
Section 268.045 ("Capital improvement fund: Accumulation; purpose; repayment from general fund") is part of the Nevada Revised Statutes, the codified statutory law of Nevada. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nevada § 268.045?
A common citation format is "Nevada Revised Statutes § 268.045" (Nevada). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nevada law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nevada official source linked on this page or consult a licensed Nevada attorney.
How does Nevada § 268.045 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nevada can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nevada.