Nev. Rev. Stat. » NRS: CHAPTER 387 - FINANCIAL SUPPORT OF SCHOOL SYSTEM
Nevada Revised Statutes

Nev. Rev. Stat. § 387.195 (2026)

Levy of tax for county school district; deferred use of money attributable to net proceeds of minerals

✓ current as of July 2026
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NRS 387.195  Levy of tax for county school district; deferred use of money attributable to net proceeds of minerals.

      1.  Each board of county commissioners shall levy a tax of 75 cents on each $100 of assessed valuation of taxable property within the county for the support of the public schools.

      2.  The tax collected pursuant to subsection 1 on any assessed valuation attributable to the net proceeds of minerals must not be considered as available to pay liabilities of the fiscal year in which the tax is collected but must be deferred for use in the subsequent fiscal year.

      3.  In addition to any tax levied in accordance with subsection 1, each board of county commissioners shall levy a tax for the payment of interest and redemption of outstanding bonds of the county school district.

      4.  The tax collected pursuant to subsection 1 and any interest earned from the investment of the proceeds of that tax must be remitted by the county treasurer to the State Treasurer for credit to the State Education Fund.

      5.  The tax collected pursuant to subsection 3 and any interest earned from the investment of the proceeds of that tax must be credited to the county school district’s debt service fund.

      [127:32:1956]—(NRS A 1979, 1244; 1981, 301; 1983, 1635, 1950; 1987, 639; 1999, 2925; 2013, 3139; 2019, 4220)

     

Notes of Decisions
Cited in 3 cases, 1996–2013 · leading case: Clark Cnty. v. S. Nevada Health Dist., 289 P.3d 212 (Nev. 2012).
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Clark Cnty. v. S. Nevada Health Dist., 289 P.3d 212 (Nev. 2012). · cites it 4× “Indeed, if we were to adopt this argument, then any direct funding statute, such as NRS 387.195, which directs boards of county commissioners to “levy a tax of 75 cents on each $100 of assessed valuation of taxable property within the county for the support of the public schools…”
Educ. Initiative PAC v. Comm. to Protect Nevada Jobs, 293 P.3d 874 (Nev. 2013). “1235(1); NRS 387.195. In addition to financing the State’s own share, the Legislature is required to “guarantee” a shortfall in local funds when the local funds are less than projected.”
Golconda Fire Prot. Dist. v. Cnty. of Humboldt, 918 P.2d 710 (Nev. 1996). “See generally NRS 387.195(3) (requiring interest earned on school tax funds to be credited to the school district fund).”
— Nev. Rev. Stat. § 387.195(3) — 1 case
Golconda Fire Prot. Dist. v. Cnty. of Humboldt, 918 P.2d 710 (Nev. 1996). “See generally NRS 387.195(3) (requiring interest earned on school tax funds to be credited to the school district fund).”
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