Nevada § 318.250 - Reserve funds
Full text of Nevada Nevada Revised Statutes § 318.250 — Reserve funds, with citation guidance and answers to common questions.
§ 318.250. Reserve funds
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.
Frequently Asked Questions About Nevada § 318.250
What does Nevada Revised Statutes § 318.250 cover?
Section 318.250 ("Reserve funds") 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 § 318.250?
A common citation format is "Nevada Revised Statutes § 318.250" (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 § 318.250 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.