Nevada § 318A.420 - Levies to cover deficiencies
Full text of Nevada Nevada Revised Statutes § 318A.420 — Levies to cover deficiencies, with citation guidance and answers to common questions.
§ 318A.420. Levies to cover deficiencies
1. A board, in certifying annual levies, must take into account the maturing general
obligation indebtedness for the ensuing year as provided in its contracts, maturing
general obligation bonds and interest on such bonds, and deficiencies and defaults
of prior years, and make ample provision for the payment thereof. 2. If the money produced from such levies, together with other revenues of the district,
is not sufficient punctually to pay the annual installments on such obligations, and
interest thereon, and to pay defaults and deficiencies, the board shall make such
additional levies of taxes as may be necessary for such purposes, and such taxes must
be made and continue to be levied until the general obligation indebtedness of the
district is fully paid but must not continue after that date.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 318A.420
What does Nevada Revised Statutes § 318A.420 cover?
Section 318A.420 ("Levies to cover deficiencies") 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 § 318A.420?
A common citation format is "Nevada Revised Statutes § 318A.420" (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 § 318A.420 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.