Default.
North Las Vegas Municipal Code § 16.16.130
in effect16.16.130 - Default.
If the construction or installation of any improvements or facilities for which a bond, cash, cash-in-lieu of bond agreement, separate account, or an unconditional and irrevocable letter of credit is accepted, posted or deposited, or not completed by the time substantial completion of the buildings or structures which such improvements or facilities are designed to serve, or within two years of the date of approval of the final map, whichever is sooner, or if such construction is not in accordance with the applicable standards and specifications prescribed by law, and in the case of a bond, the obligors on the bond shall be liable for the expense incurred thereby, or in the case of a cash deposit or in-lieu of bond agreement, the city may use as much of said funds as is necessary to design, administer and effectuate the construction of such improvements or facilities. If any portion of a cash deposit, in-lieu of bond agreement funds is not required or used by the city, such excess funds shall be repaid to the person making the deposit or released upon acceptance or approval of the improvements or facilities herein required. In the case of a one hundred (100) percent performance, surety or completion bond the surety company shall be liable for the expense incurred thereby.
(Ord. 2246 §§ 1, 2 (part), 2006)
Source: City of North Las Vegas, Nevada, Municipal Code and City Charter (Municode Library, library.municode.com)URL: https://library.municode.com/nv/north_las_vegas/codes/code_of_ordinances?nodeId=TIT16DECO_CH16.16FIMA_16.16.130DEFetched: 11/1/2026