Nev. Rev. Stat. § 360.700 — Guaranteed allocation from Account for tax proceeds pledged to secure obligations

NRS  360.700    Guaranteed allocation from Account for tax proceeds pledged to
secure obligations.    The Executive
Director shall ensure that each local government, special district or
enterprise district that:
1.  Received, before July 1, 1998, any
portion of the proceeds of a tax which is included in the Account; and
2.  Pledged a portion of the money
described in subsection 1 to secure the payment of bonds or other types of
obligations,
Ê receives an
amount at least equal to that amount which the local government, special
district or enterprise district would have received before July 1, 1998, that
is pledged to secure the payment of those bonds or other types of obligations.