Nevada § 539.6363 - Duties of board of directors in making levy

§ 539.6363. Duties of board of directors in making levy

1. To levy and collect taxes, the board of directors shall: (a) Determine in each year the amount of money necessary to be raised by general (ad

valorem) taxation, taking into consideration other sources of revenue of the district;

and (b) Fix a rate of levy which, when levied upon every dollar of assessed valuation

of taxable property within the district and together with other revenues, will raise

the amount required by the district annually to supply funds for paying promptly in

full, when due, all interest on and principal of bonds of the district. In the event of accruing defaults or deficiencies, an additional levy may be made

as provided in NRS 539.6364 . 2. The board of directors shall certify to the board of county commissioners of each

county within the district, or having a portion of its territory within the district,

at the same time as fixed by law for certifying thereto tax levies of incorporated

cities, the rate so fixed, with directions that at the time and in the manner required

by law for levying taxes for county purposes, such board of county commissioners shall

levy such tax upon the assessed valuation of all taxable property within the district,

in addition to such other taxes as may be levied by such board of county commissioners

at the rate so fixed and determined. 3. The board of directors shall levy such general (ad valorem) taxes upon all property

in the district which is by law taxable for state, county and municipal purposes,

without regard to any statutory tax limitation now or hereafter existing and without

limitation as to rate or amount, fully sufficient, after making due allowance for

probable delinquencies, to provide for the prompt payment of such bonds as they become

due, both principal and interest, but subject to the limitation of Section 2 of Article 10 of the Constitution of the State .