308.025  Formation of special district to manage certain money paid by Federal Government. [Effective through June 30, 2013.]

1.  A special district may be formed subject to the provisions of this chapter:

(a) To manage any money that is:

(1) Paid to the State of Nevada or to a county by the Federal Government; and

(2) Designated for the territory covered by the special district; and

(b) With a governing body:

(1) Of which not more than half of the members are also members of the board of county commissioners of the county within which lies the territory covered by the special district; and

(2) Which is authorized to act independently of the board of county commissioners of the county within which lies the territory covered by the special district.

2.  If a special district is formed pursuant to the provisions of this section to manage money that is:

(a) Paid to the State of Nevada or to a county by the Federal Government pursuant to a specified bill or measure of the Federal Government; and

(b) Designated for the territory covered by the special district,

ĂŠ any such money must be distributed directly to the special district for expenditure.

(Added to NRS by 2009, 1316)