Deposit and expenditure.
Las Vegas Municipal Code § 4.24.070
in effect4.24.070 - Deposit and expenditure.
(A) All of the residential construction taxes that are collected pursuant to this Chapter, and all of the interest that accrues thereon, shall forthwith be forwarded to the City Treasurer, who shall credit the same to the special revenue fund that is created to receive and account for the same.
(B) The money in such special revenue fund shall be accounted for separately according to the respective park districts from which it was derived, and may be used only for the acquisition, improvement or expansion, or any combination thereof, of neighborhood parks, or the installation of park facilities in existing parks, as opposed to the routine maintenance of such parks, in the respective park districts that are created for the benefit of the neighborhoods from which such money was derived.
(Ord. 5163 § 6, 1999: Ord. 3407 § 8, 1989)
Source: City of Las Vegas, Municipal Code and City Charter (Municode Library, library.municode.com)URL: https://library.municode.com/nv/las_vegas/codes/code_of_ordinances?nodeId=TIT4REFI_CH4.24RECOTA_4.24.070DEEXFetched: 10/28/2026