Section 354.790 - Transfer of property, money, taxes and special assessments upon dissolution of district1. Upon the dissolution of any special district to which the Local Government Budget and Finance Act, NRS 354.470 to 354.626, inclusive, is applicable, all property and money remaining in the treasury of that district must be surrendered and transferred to the county general fund.2. Taxes, including delinquent taxes, and special assessments paid after dissolution of a special district must be placed in the general fund of the county in which the property was assessed.3. If any area comprising the district or portion thereof: (a) Is annexed to a city or town within 6 months from the effective date of the dissolution ordinance, a pro rata share of the property and money must be transferred to the municipality.(b) Is not annexed to a city or town within 6 months from the effective date of the dissolution ordinance, the county commissioners shall pay to the owners of property located within the former district pro rata shares of the money remaining in the district treasury, and an amount of money equal to the value of any property which is not used for the benefit of the area formerly comprising the district. The county commissioners may, before paying such money, apply a proportionate amount of the payment to any special assessments which are due.Nev. Admin. Code § 354.790
Tax Comm'n, Local Gov't Reg. part No. 5, eff. 3-9-69; A 1-13-72; 11-15-77-A by Com. on Local Gov't Finance by R201-01, 4-5-2002