Section 271.497 - Municipality to prepare final accounting of bond fund; requirements for final accounting; time for completing1. The municipality shall prepare a final accounting for each special fund created for an improvement district pursuant to NRS 271.490 upon a determination by the treasurer that all of the following have occurred: (a) All outstanding bonds, including, without limitation, principal, interest and prior redemption premiums, if any, of the district have been paid;(b) All installments of assessments and interest thereon have been paid;(c) There are no remaining liens on tracts in the district for unpaid installments of assessments, including, without limitation, liens for penalties and interest;(d) The project has been completed; and(e) All costs of the project have been paid, as determined by the chief financial officer of the municipality.2. Each final accounting prepared pursuant to subsection 1 must: (a) Be prepared in such detail as the chief financial officer of the municipality may require;(b) Indicate the amount of surplus, if any, remaining in the special fund for the improvement district created pursuant to NRS 271.490; and(c) Except as otherwise provided in subsection 3, be completed not more than 18 months after the date the treasurer makes his or her determination that all of the events set forth in paragraphs (a) to (e), inclusive, of subsection 1 have occurred.3. If initiation of the improvement district was by a provisional order as described in NRS 271.280 and the alternative procedure set forth in NRS 271.700 to 271.730, inclusive, does not apply to the district, the final accounting for a project must be completed: (a) If the improvement district is comprised of 50 tracts or less, not later than 6 months after the date the treasurer makes a determination that the events described in paragraphs (a) to (e), inclusive, of subsection 1 have occurred.(b) If the improvement district is comprised of more than 50 tracts but less than 250 tracts, not later than 12 months after the date the treasurer makes a determination that the events described in paragraphs (a) to (e), inclusive, of subsection 1 have occurred.Added to NRS by 2019, 1298Added by 2019, Ch. 229,§3, eff. 7/1/2019.