Nevada Revised Statutes 271B.120 – Independent auditing of certain claims; additional restrictions on financing or reimbursement. [Effective through June 30, 2036.]
Current as of: 2023 | Check for updates
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The governing body of a municipality:
Terms Used In Nevada Revised Statutes 271B.120
- Contract: A legal written agreement that becomes binding when signed.
1. Shall require the review of each claim submitted pursuant to any contract or other agreement made with the governing body to provide any financing or reimbursement pursuant to NRS 271B.090, by an independent auditor.
2. Shall not provide any financing or reimbursement pursuant to NRS 271B.090 from the proceeds of the taxes described in subsection 2 of NRS 271B.070, if the governing body obtains an opinion from independent bond counsel stating that the applicability of this subsection would impair an existing contract for the sale of bonds that were issued before September 11, 2014.