Nevada § 318A.180 - Establishment of budget, standards, practices and procedures of district; appointment, qualifications and terms of initial board of trustees; removal of trustee; bond

§ 318A.180. Establishment of budget, standards, practices and procedures of district; appointment, qualifications and terms of initial board of trustees; removal of trustee; bond

1. Except as otherwise may be provided in an interlocal agreement entered into pursuant

to NRS 318A.160 , after adopting an ordinance creating a district, the governing body must establish: (a) Accounting practices and procedures for the district; (b) Auditing practices and procedures to be used by the district; (c) A budget for the district; and (d) Management standards for the district. 2. After the duties required by subsection 1 have been performed, the first board

of trustees of the district, consisting of five members, must be appointed. Except as otherwise provided in this subsection, each governing body of a county

or city with territory included within the district that has entered into an interlocal

agreement pursuant to NRS 318A.160 must each appoint one member to the first board of trustees. If: (a) More than five counties or cities have territory within the district, the interlocal

agreement entered into pursuant to NRS 318A.160 must determine which governing bodies may appoint the five members of the first board

of trustees of the district. (b) Less than five counties or cities have territory within the district, the governing

body of each county or city must appoint one member and the remaining members of the

first board of trustees must be appointed as determined pursuant to the terms of the

interlocal agreement entered into pursuant to NRS 318A.160 . 3. The members of the first board of trustees must be qualified electors of the district. The trustees must determine by lot which three trustees serve 4-year terms and which

two trustees serve 2-year terms. 4. The governing body may remove any member of the first board of trustees for cause

shown unless an interlocal agreement entered into pursuant to NRS 318A.160 otherwise prohibits such removal. 5. All members of the board of trustees must file with the clerk their oaths of office

and corporate surety bonds, at the expense of the district, the bonds to be in an

amount not more than $10,000 each, the form and exact amount thereof to be approved

and determined, respectively, by the governing body, conditioned for the faithful

performance of their duties as trustees. The governing body may from time to time, upon good cause shown, increase or decrease

the amount of the bond.