Nevada SB402 allows municipalities to create restoration improvement districts for building restoration projects.

Nevada SB402 provides for the creation of restoration improvement districts for building restoration projects. The bill allows the governing body of a county or city to establish such districts for projects involving buildings at least 50 years old. These districts can include the project or part of it within their boundaries. The bill outlines criteria for creating these districts and specifies that the governing body can pledge a portion of the property taxes collected in the district for project costs.

Nevada SB402 allows municipalities to create restoration improvement districts for building restoration projects.

Nevada SB402 provides for the creation of restoration improvement districts for building restoration projects. The bill allows the governing body of a county or city to establish such districts for projects involving buildings at least 50 years old. These districts can include the project or part of it within their boundaries. The bill outlines criteria for creating these districts and specifies that the governing body can pledge a portion of the property taxes collected in the district for project costs.