2-3 of this act, unless the context otherwise requires:

2-4 1. "Commission" means a debt management commission created

2-5 pursuant to NRS 350.002.

2-6 2. "General obligation debt" means debt which is legally payable from

2-7 general revenues, as a primary or secondary source of repayment, and is

2-8 backed by the full faith and credit of a governmental entity. The term

2-9 includes debt represented by local government securities issued pursuant to

2-10 this chapter except debt created for medium-term obligations pursuant to

2-11 NRS 350.089 to 350.095, inclusive.

2-12 3. "Special elective tax" means a tax imposed pursuant to NRS

2-16 management commission, to be composed of one representative of the

2-17 county, one representative of the school district and the following

2-18 additional representatives:

2-19 (a) In each county which contains more than one incorporated city:

2-20 (1) One representative of the city in which the county seat is located;

2-21 (2) One representative of the other incorporated cities jointly; and

2-22 (3) One representative of the public at large.

2-23 (b) In each county which contains one incorporated city:

2-24 (1) One representative of the incorporated city; and

2-25 (2) Two representatives of the public at large.

2-26 (c) In each county which contains no incorporated city, one

2-27 representative of the public at large.

2-28 (d) In each county which contains one or more general improvement

2-29 districts, one representative of the district or districts jointly and one

2-30 additional representative of the public at large.

2-31 2. In Carson City, there is hereby created a debt management

2-32 commission, to be composed of one representative of the board of

2-33 supervisors, one representative of the school district and three

2-34 representatives of the public at large. The representative of the board of

2-35 supervisors and the representative of the school district shall select the

2-36 representatives of the public at large, and for that purpose only, constitute a

2-37 quorum of the debt management commission. Members of the commission

2-38 serve for a term of 2 years beginning on January 1, or until their successors

2-39 are chosen.

2-40 3. Each representative of a single local government must be chosen by

2-41 its governing body. Each representative of two or more local governments

3-23 of each year, to organize by selecting a chairman and vice chairman. The

3-24 county clerk is ex officio the secretary of the commission.

3-25 2. In addition to the organizational meeting, each commission shall

3-26 meet annually in July of each year and at the call of the chairman whenever

3-27 business is presented, as provided in NRS 350.004 and 350.005.

3-28 3. In conjunction with the meetings required by subsections 1 and 2,

3-29 the commission in a county whose population:

3-30 (a) Is 100,000 or more but less than 400,000, shall meet each calendar

3-31 quarter.

3-32 (b) Is 400,000 or more, shall meet each month.

3-33 The meetings required by this subsection must be scheduled at each annual

3-34 meeting in July.

3-35 4. The appointing authority may remove a member of a commission

3-36 in a county whose population:

3-37 (a) Is 400,000 or more if the member fails to attend three consecutive

3-38 meetings or five meetings during a calendar year.

3-39 (b) Is 100,000 or more but less than 400,000 if the member fails to

3-40 attend two consecutive meetings or three meetings during a calendar

3-41 year.