1264days since
Nov. 2nd Election

NRS References

 

Here is the text and important links to fill you in on the three BALLOT QUESTION PETITIONS that are currently being circulated for signatures:


(1) Shall Sections 8.1 and 15 of the Boulder City Charter be amended to provide that the City Attorney shall be elected in the same manner as the Mayor and Council member, for a term of four years to begin on the first regular day of business day of July following the election?

  

(2) Shall the Boulder City Code be amended to provide that it shall be the policy of the City to own no more than one golf course, which shall not exceed 18 holes?

 

(3) Shall the Boulder City Code be amended to provide that the City and its agencies and enterprises shall not incur any new debt obligations of $1,000,000 (one million dollars) or more, as defined under NRS 350.0045 to NRS 350.0075 inclusive, without the approval of the electors of Boulder City in a general or special election?

 

      (On this one FYI, NRS 350.0045 - 350.0075 states:

 

     
  
NRS 350.0045  “General obligation debt” defined.  “General obligation debt” means debt that is legally payable from general revenues, as a primary or secondary source of repayment, and is backed by the full faith and credit of a governmental entity, and if the governmental entity is authorized to levy taxes, by those taxes. The term includes, without limitation, debt represented by local government securities issued pursuant to this chapter and installment-purchase agreements described in subsection 1 of NRS 350.0055. The term does not include, without limitation:

      1.  Installment-purchase agreements described in subsection 2 of NRS 350.0055;

      2.  Special obligations; and

      3.  Obligations with a term of less than 1 year that are payable in full from money appropriated for the same fiscal year in which the obligations are incurred.

      (Added to NRS by 2001, 2303)


      NRS 350.0055  “Installment-purchase agreement” defined.  “Installment-purchase agreement” means an agreement for the purchase of real or personal property by installment or lease or another transaction that is described in NRS 350.800 which:

      1.  Is required to be counted against any limit upon the debt of a local government pursuant to subsection 1 of NRS 350.800; or

      2.  Is not required to be counted against any limit upon the debt of a local government and:

      (a) Exceeds $100,000 for a local government in a county whose population is 100,000 or more; or

      (b) Exceeds $50,000 for a local government in a county whose population is less than 100,000.

Ê The term “installment-purchase agreement” does not include an obligation to pay rent pursuant to a lease which contains no option or right to purchase or which contains only an option or right to purchase the property without any credit towards the purchase price for lease or rental payments.

      (Added to NRS by 2001, 2303)


      NRS 350.0065  “Local government” defined.  “Local government” has the meaning ascribed to it in NRS 354.474.

      (Added to NRS by 2001, 2304)


      NRS 350.007  “Medium-term obligation” defined.  “Medium-term obligation” means an obligation to repay borrowed money evidenced by a note or bond which is authorized to be issued pursuant to NRS 350.087 to 350.095, inclusive, and which has a term of 10 years or less. The term does not include an obligation which has a term of less than 1 year and which is payable in full from money appropriated for the same fiscal year that the obligation is incurred.

      (Added to NRS by 2001, 2304)


      NRS 350.0075  “Special obligation” defined.  “Special obligation” means a municipal security issued pursuant to NRS 350.582.

      (Added to NRS by 2001, 2304))