Nevada § 362.171 - Establishment and use of county fund for mitigation; certain school districts authorized to use money apportioned to school district to retire bonds or other obligations of school district
Full text of Nevada Nevada Revised Statutes § 362.171 — Establishment and use of county fund for mitigation; certain school districts authorized to use money apportioned to school district to retire bonds or other obligations of school district, with citation guidance and answers to common questions.
§ 362.171. Establishment and use of county fund for mitigation; certain school districts authorized to use money apportioned to school district to retire bonds or other obligations of school district
1. Each county to which money is appropriated by subsection 1 of NRS 362.170 may set aside a percentage of that appropriation to establish a county fund for mitigation. Money from the fund may be appropriated by the board of county commissioners only
to mitigate adverse effects upon the county, or the school district located in the
county, which result from: (a) A decline in the revenue received by the county from the tax on the net proceeds
of minerals during the 2 fiscal years immediately preceding the current fiscal year;
or (b) The opening or closing of an extractive operation from the net proceeds of which
revenue has been or is reasonably expected to be derived pursuant to this chapter. 2. A school district in a county whose population is less than 4,500 may, as the board
of trustees of the school district determines is necessary, use a portion of the money
apportioned to the school district pursuant to subsection 2 of NRS 362.170 to retire bonds issued by the school district or any other outstanding obligations
of the school district. Before authorizing the expenditure of money pursuant to this subsection, the board
of trustees shall hold at least one public hearing on the matter.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 362.171
What does Nevada Revised Statutes § 362.171 cover?
Section 362.171 ("Establishment and use of county fund for mitigation; certain school districts authorized to use money apportioned to school district to retire bonds or other obligations of school district") 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 § 362.171?
A common citation format is "Nevada Revised Statutes § 362.171" (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 § 362.171 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.