Nevada Administrative Code
Chapter 354 - Local Financial Administration
SPECIAL DISTRICTS
Section 354.780 - Transfer of property, money, taxes and special assessments upon merger or consolidation of district

Universal Citation: NV Admin Code 354.780

Current through September 16, 2024

1. Upon the merger of any special district to which the Local Government Budget and Finance Act, NRS NRS 354.470 to 354.626, inclusive, is applicable, all property and money remaining in the treasury of that district must be surrendered and transferred to the governmental unit which assumes its obligations.

2. Upon the consolidation of any special district to which the Local Government Budget and Finance Act is applicable, all property and money remaining in the treasury of that district must be surrendered and transferred to the consolidated governmental unit.

3. Taxes, including delinquent taxes, and special assessments paid after the merger or consolidation of special districts must be paid to the governmental unit assuming the district's obligations in case of merger or to the consolidation governmental unit in the case of consolidation.

Tax Comm'n, Local Gov't Reg. part No. 5, eff. 3-9-69; A 1-13-72; 11-15-77-A by Com. on Local Gov't Finance by R201-01, 4-5-2002

NRS 354.107

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