Nev. Admin. Code § 360.650 — 360.650

NAC 360.650    Determination of need for adjustment: Requirements for review;
notification of local government or special district; annual report of
findings. ( NRS
360.090 , 360.695 )
1.  To determine whether an adjustment to the
amount allocated to a local government or special district from the Local Government
Tax Distribution Account is necessary pursuant to NRS 360.695 , the Director shall:
(a) On or before March 31 of each year, review the
population, as determined pursuant to NRS
360.285 or subsection 9 of NRS
360.690 , and assessed valuation of the taxable property, as determined
pursuant to NRS 361.390 , of each
local government and special district; and
(b) Review all information that is available
concerning the amount allocated to the local government or special district,
including, without limitation:
(1) Whether the local government or special
district has been determined to be in severe financial emergency pursuant to NRS 354.685 ; and
(2) A comparison of the total per capita
revenue of the local government or special district and the total per capita
revenue of each other local government or special district of similar size and
type.
2.  If, after conducting the review required
pursuant to paragraph (a) of subsection 1, the Director determines that an
adjustment to the allocation of the local government or special district may be
necessary, the Director shall notify that local government or special district
of his or her determination within 3 days after the Director makes the
determination.
3.  The Director shall report any findings he
or she makes pursuant to this section to the Committee on Local Government
Finance on or before December 1 of each year.
(Added to NAC by Tax Comm’n by R042-00, eff. 3-2-2001)
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