Title 20

NRS 244A.6825 “Historic structure” defined. “Historic structure” means a building, facility or other structure, including, without limitation, a landmark, which is eligible for listing in the State Register of Historic Places under NRS 383.085. (Added to NRS by 1985, 2179; A 2019…

NRS 244A.683 “Mortgage” defined. “Mortgage” includes a deed of trust and any other security device for both real and personal property. (Added to NRS by 1967, 1745)

NRS 244A.685 “Obligor” defined. “Obligor” means the individual, partnership, firm, company, corporation (including a public utility), association, trust, estate, political subdivision, state agency or any other legal entity, or its legal representative, agent or assigns, who agre…

NRS 244A.687 “Pollution” defined. “Pollution” means any form of environmental pollution including but not limited to water pollution, air pollution, pollution caused by solid waste disposal, thermal pollution, radiation contamination or noise pollution as determined by the variou…

NRS 244A.689 “Project” defined. “Project” means: 1. Any land, building or other improvement and all real and personal properties necessary in connection therewith, whether or not in existence, suitable for: (a) A manufacturing, industrial or warehousing enterprise; (b) An organiz…

NRS 244A.691 “Revenues” defined. “Revenues” of a project, or derived from a project, include payments under a lease, agreement of sale or financing agreement, or under notes, debentures, bonds and other secured or unsecured debt obligations of an obligor executed and delivered by…

NRS 244A.692 “Supplemental facility for a health and care facility” defined. “Supplemental facility for a health and care facility” includes a clinic, facility for outpatients, and any other structure or facility directly related to the operation of a health and care facility. (A…

NRS 244A.693 “Warehousing” defined. “Warehousing” means the consignment of personal property from outside this state to a private warehouse within this state for temporary storage during the transit of the property to a final destination outside the State. (Added to NRS by 1975, …

NRS 244A.695 Legislative intent. It is the intent of the Legislature to authorize counties to finance, acquire, own, lease, improve and dispose of properties to: 1. Promote industry and employment and develop trade by inducing manufacturing, industrial and warehousing enterprises…

NRS 244A.696 Exercise of powers by county; liberal construction. 1. Each county is vested with all the powers necessary to accomplish the purposes set forth in NRS 244A.695, but these powers must be exercised for the health, safety and welfare of the inhabitants of this state. 2.…

NRS 244A.697 General powers. In addition to any other powers, each county has the following powers: 1. To finance or acquire, whether by construction, purchase, gift, devise, lease or sublease or any one or more of such methods, and to improve and equip one or more projects or pa…

NRS 244A.6975 Issuance of bonds for affordable housing or residential housing for corporation for public benefit. The governing body of a county may approve the issuance of bonds for a project for affordable housing or for any form of residential housing for the purposes of a cor…

NRS 244A.698 Restrictions on powers of county. A county may not, under NRS 244A.669 to 244A.763, inclusive: 1. Operate any manufacturing, industrial or warehousing enterprise or an organization for research and development to which it provided assistance; or 2. Assist any manufac…

NRS 244A.699 Power to sell capacity of project for generation and transmission of electricity and to charge for use of transmitting facilities; right of first refusal of electric utilities; unconditional contractual obligations. 1. A county which acquired or which contemplates ac…

NRS 244A.701 Project for generation and transmission of electricity: Studies, surveys and options. A county may issue bonds to finance solely the costs of studies, surveys and options with respect to a project for the generation and transmission of electricity. Before doing so, t…

NRS 244A.702 Project for generation and transmission of electricity: Issuance of taxable bonds to acquire, improve or equip project. 1. A county may issue revenue bonds the interest on which is not exempt from federal income tax or excluded from gross revenue for the purposes of …

NRS 244A.703 Project for generation and transmission of electricity: Sale and issuance of additional bonds. 1. If a county determines, in the proceedings or an agreement with respect to the first issuance of bonds for the purpose of financing a portion of the cost of a project fo…

NRS 244A.705 Enforcement of county’s obligation to issue additional bonds or to contract for sale of capacity or for construction and operation of project. Any lessee, purchaser, obligor, trustee or other representative of bondholders or any other interested party is entitled as …

NRS 244A.707 Notice and public hearing by board of county commissioners. Except as otherwise provided in NRS 244A.703, before availing itself of the powers conferred by NRS 244A.697, 244A.699 or 244A.703 with respect to any project, a board of county commissioners shall: 1. Give …

NRS 244A.709 Details of proposed terms and conditions of transaction not required in notice. The board of county commissioners may enter into any contract, lease or other agreement or transaction appropriate to carry out the provisions of NRS 244A.669 to 244A.763, inclusive, even…

NRS 244A.711 Determinations required of board of county commissioners after public hearing; operating history and other evidence of sufficient financial resources required of contemplated lessee, purchaser or obligor. 1. Except as otherwise provided in NRS 244A.703, after holding…

NRS 244A.713 Bonds to be special obligations. 1. All bonds issued by a county under the authority of NRS 244A.669 to 244A.763, inclusive, shall be special, limited obligations of the county. The principal of and interest on such bonds shall be payable, subject to the security pro…

NRS 244A.715 Form and terms of bonds. 1. The bonds must: (a) Be authorized by resolution; (b) Be in such denominations; (c) Bear such date or dates; (d) Mature at such time or times not exceeding 40 years from their respective dates; (e) Be in such form; (f) Carry such registrati…

NRS 244A.717 Security. The principal of, the interest on and any prior redemption premiums due in connection with the bonds shall be payable from, secured by a pledge of and constitute a lien on the revenues out of which such bonds shall be made payable. In addition, they may, in…

NRS 244A.719 Terms of resolution and instruments. The resolution under which the bonds are authorized to be issued, and any indenture or mortgage given to secure the same, may contain any provisions customarily contained in instruments securing bonds and constituting a covenant w…

NRS 244A.720 Issuance of bonds by Director of Department of Business and Industry as special obligations of State. 1. The board may exercise its power to issue bonds and to redeem them by requesting the Director of the Department of Business and Industry to issue bonds to finance…

NRS 244A.721 Types of authorized investments; bank deposits and disbursements. 1. The county may provide that proceeds from the sale of bonds and special funds from the revenues of the project must be invested and reinvested in such securities and other investments, whether or no…

NRS 244A.723 Construction of project. The county may also provide that: 1. The project and improvements to be constructed, if any, shall be constructed by the county, lessee or the lessee’s designee, purchaser or purchaser’s designee, obligor or obligor’s designee, or any one or …

NRS 244A.725 Limitation on county’s obligation. In making such agreements or provisions, a county shall not obligate itself, except with respect to the project and the application of the revenues therefrom and bond proceeds therefor. (Added to NRS by 1967, 1748)

NRS 244A.727 Rights upon default. 1. The resolution authorizing any bonds or any indenture or mortgage securing such bonds may provide that if there is a default in the payment of the principal of, the interest on, or any prior redemption premiums due in connection with the bonds…

NRS 244A.729 Determination of costs of financing. 1. Prior to the initial leasing, sale or financing of any project, the board shall by resolution determine: (a) The amount, or reasonably anticipated range of amounts, necessary in each year to pay the principal of and the interes…

NRS 244A.731 Lease, sale or financing of project. Except as otherwise provided for bonds issued to finance preliminaries to or any costs connected with a project for the generation and transmission of electricity, before issuing any bonds authorized by NRS 244A.669 to 244A.763, i…

NRS 244A.733 Option to purchase. 1. If the project is to be leased, the lease may grant the lessee an option to purchase all or a part of the project at a stipulated purchase price or prices or at a price or prices to be determined upon appraisal as provided in the lease. 2. The …

NRS 244A.735 Refunding. 1. Any bonds issued under the provisions of NRS 244A.669 to 244A.763, inclusive, and at any time outstanding may at any time and from time to time be refunded by a county by the issuance of its refunding bonds in such amount as the board may deem necessary…

NRS 244A.737 Application of proceeds; components of cost of project. 1. The proceeds from the sale of any bonds shall be applied only for the purpose for which the bonds were issued and if, for any reason, any portion of such proceeds is not needed for the purpose for which the b…

NRS 244A.739 Payment and contribution by county prohibited; exceptions. 1. Except as otherwise provided in this section, a county shall not pay out of its general fund or otherwise contribute any part of the costs of acquiring, improving and equipping a project. 2. A county shall…

NRS 244A.741 Operation by county prohibited. 1. When all principal of, interest on and any prior redemption premiums due in connection with the bonds issued for a project have been paid in full, and if an option to purchase or option to renew a lease, if any, contained in such le…

NRS 244A.743 Project for generation and transmission of electricity: Legislative approval and determination of limit of capacity. 1. A county shall not commence the construction of a project for the generation and transmission of electricity to be financed pursuant to NRS 244A.66…

NRS 244A.745 Project for generation and transmission of electricity: Establishment, composition, powers and duties of committee to manage project. 1. A county which undertakes a project for the generation and transmission of electricity shall provide in financing agreements for t…

NRS 244A.753 County’s property exempt from taxation; taxation of lessee, purchaser or obligor. Pursuant to NRS 361.060, all property owned by a county pursuant to NRS 244A.669 to 244A.763, inclusive, is exempt from taxation. The lessee or purchaser shall pay whatever taxes are as…

NRS 244A.755 Project for generation and transmission of electricity: Payment in lieu of taxes. 1. If a project is for the generation and transmission of electricity, payments must be made as provided in this section: (a) In lieu of ad valorem taxes on property owned by the county…

NRS 244A.757 Eminent domain not available; exception. 1. Except as otherwise provided in subsection 2, no land acquired by a county by the exercise of condemnation through eminent domain can be used for the project to effectuate the purposes of NRS 244A.669 to 244A.763, inclusive…

NRS 244A.759 Limitation of actions. No action may be brought questioning the legality of any contract, lease, agreement, indenture, mortgage, resolution proceedings or bonds executed, adopted or taken in connection with any project or improvements authorized by NRS 244A.669 to 24…

NRS 244A.761 Faith of State pledged against repeal, amendment or modification of County Economic Development Revenue Bond Law. The faith of the State is hereby pledged that NRS 244A.669 to 244A.763, inclusive, will not be repealed, amended or modified to impair any outstanding bo…

NRS 244A.763 County Economic Development Revenue Bond Law constitutes full authority for exercise of powers granted. 1. NRS 244A.669 to 244A.763, inclusive, without reference to other statutes of this State, constitute full authority for the exercise of powers granted in those se…

NRS 244A.7641 Definitions. As used in NRS 244A.7641 to 244A.7648, inclusive, unless the context otherwise requires: 1. “Mobile telephone service” means cellular or other service to a telephone installed in a vehicle or which is otherwise portable. 2. “Place of primary use” has th…