Title 25

NRS 315.520 Remedies of authority’s obligee: Effect of NRS 315.500 and 315.510. Nothing contained in NRS 315.500 and 315.510 shall be construed as limiting the power of an authority to vest in an obligee the right, in the event of a default by the authority, to take possession th…

NRS 315.525 Duty to inspect dwelling units. 1. Each housing authority in this State shall conduct an inspection of each dwelling unit owned or managed by the housing authority and any dwelling unit leased pursuant to 42 U.S.C. § 1437f, on a regular basis as required by the United…

NRS 315.530 Cooperation between authorities. Any authority or authorities may join or cooperate with another in the exercise, either jointly or otherwise, of any of their powers for the purpose of financing, including the issuance of bonds, notes or other obligations and the givi…

NRS 315.540 Payments in lieu of taxes. 1. Except as otherwise provided in subsection 2, an authority shall agree to make such payments in lieu of taxes to the city, town, county, and the State, or any political subdivision, as it finds consistent with the maintenance of the low-r…

NRS 315.550 Powers of state public bodies respecting housing projects. 1. For the purpose of aiding and cooperating in the planning, undertaking, construction or operation of housing projects of housing authorities located within the area in which it is authorized to act, any sta…

NRS 315.560 Federal aid. 1. In addition to the powers conferred upon an authority by other provisions of NRS 315.140 to 315.7821, inclusive, an authority may: (a) Borrow money or accept contributions, grants or other financial assistance from the Federal Government for or in aid …

NRS 315.570 Housing in rural areas. Any city, town, county or regional housing authority which has rural areas under its jurisdiction may undertake the provision of housing for families of low income in such rural areas, and may comply with any conditions not inconsistent with th…

NRS 315.580 Housing for veterans and servicemen or servicewomen. Repealed. (See chapter 104, Statutes of Nevada 2025, at page 576.)

NRS 315.590 Lease of government war housing projects by authority. An authority, in addition to its other powers, is authorized to cooperate with and lease from the Federal Government war housing projects constructed by the Federal Government, for the purpose of providing housing…

NRS 315.600 Bonds for corporate and refunding purposes. An authority shall have power: 1. To issue bonds from time to time, in its discretion, for any of its corporate purposes. 2. To issue refunding bonds for the purpose of paying or retiring bonds previously issued by it. [Part…

NRS 315.610 Types of bonds; additional security. 1. An authority may issue such types of bonds as it may determine, including (without limiting the generality of the foregoing) bonds on which the principal and interest are payable: (a) Exclusively from the income and revenues of …

NRS 315.620 Liability on bonds; debt limitations. Neither the commissioners of an authority nor any person executing the bonds is liable personally on the bonds by reason of the issuance thereof. The bonds and other obligations of an authority are not, and must state on their fac…

NRS 315.630 Resolution authorizing bonds: Contents. By resolution, an authority may authorize bonds. The resolution, its trust indenture or mortgage may provide for: 1. The issuance of bonds in one or more series. 2. The date the bonds must bear. 3. The date of maturity. 4. The i…

NRS 315.640 Sale. The bonds may be sold at public or private sale. [Part 13:253:1947; 1943 NCL § 5470.13]—(NRS A 1967, 228)

NRS 315.650 Discontinuance in office: Negotiability. If any of the commissioners or officers of the authority whose signatures appear on any bonds or coupons cease to be such commissioners or officers before the delivery of such bonds, such signatures shall, nevertheless, be vali…

NRS 315.660 Validity; conclusive presumptions. In any suit, action or proceeding involving the validity or enforceability of any bond of an authority or the security therefor, any such bond reciting in substance that it has been issued by the authority to aid in financing a housi…

NRS 315.670 Authorized provisions: Bonds; trust indentures; mortgages. In connection with the issuance of bonds or the incurring of obligations under leases and in order to secure the payment of such bonds or obligations, an authority, in addition to its other powers, has the pow…

NRS 315.680 Pledges and mortgages. An authority may: 1. Pledge all or any part of its gross or net rents, fees or revenues to which its right then exists or may thereafter come into existence. 2. Mortgage all or any part of its real or personal property, then owned or thereafter …

NRS 315.690 Limitation of further indebtedness; bond proceeds; lost and destroyed bonds; extension of bond and interest payment; redemption. An authority may: 1. Covenant against pledging all or any part of its rents, fees and revenues, or against mortgaging all or any part of it…

NRS 315.700 Rental income; special funds. An authority may: 1. Covenant (subject to the limitations contained in NRS 315.140 to 315.7821, inclusive) as to the rents and fees to be charged in the operation of a housing project or projects, the amount to be raised each year or othe…

NRS 315.710 Procedure relating to bondholders’ contracts. An authority may prescribe the procedure, if any, by which the terms of any contract with bondholders may be amended or abrogated, the amount of bonds the holders of which must consent thereto, and the manner in which such…

NRS 315.720 Use, maintenance and insurance of property. An authority may: 1. Covenant as to the use, maintenance and replacement of any or all of its real or personal property, the insurance to be carried thereon, and the use and disposition of insurance moneys. 2. Covenant as to…

NRS 315.725 Program to jointly self-insure and purchase insurance or reinsurance. 1. Except as otherwise provided in subsection 3, any two or more affordable housing entities may establish and participate in a program to jointly self-insure and jointly purchase insurance or reins…

NRS 315.730 Obligees’ powers and duties. An authority may: 1. Vest in any obligees of the authority the right to enforce the payment of the bonds or any covenants securing or relating to the bonds. 2. Vest in an obligee or obligees holding a specified amount in bonds the right, i…

NRS 315.740 Exercise of enumerated powers. An authority may exercise all or any part or combination of the powers granted in NRS 315.680 to 315.730, inclusive, and make covenants other than and in addition to the covenants expressly authorized in such sections. An authority may d…

NRS 315.750 Submission to and certification of bonds by Attorney General. An authority may submit to the Attorney General of the State any bonds to be issued pursuant to NRS 315.140 to 315.7821, inclusive, after all proceedings for the issuance of such bonds have been taken. Upon…

NRS 315.760 Housing authority bonds: Authorized investments. 1. The State and all public officers, municipal corporations, political subdivisions, and public bodies, all banks, bankers, trust companies, savings banks and institutions, investment companies, insurance companies, in…

NRS 315.770 Remedies of authority’s obligee. An obligee of an authority has the right in addition to all other rights which may be conferred on such obligee, subject only to any contractual restrictions binding upon such obligee: 1. By mandamus, suit, action, or proceeding at law…

NRS 315.780 Additional remedies conferrable by authority on obligee. By its resolution, trust indenture, mortgage, lease or other contract, an authority may confer upon any obligee holding or representing a specified amount in bonds, the right (in addition to all rights that may …

NRS 315.7805 Formation. 1. In a county whose population is 700,000 or more, any two or more authorities may form a regional authority. 2. To form a regional authority as described in subsection 1, the governing body of the county and the governing body of each city and town locat…

NRS 315.7807 Dissolution of individual authorities. Upon the adoption of a resolution pursuant to NRS 315.7805 forming a regional authority, the dissolution of any individual authorities of the local governments who form the regional authority must be begun. (Added to NRS by 2009…

NRS 315.7809 Appointment of commissioners; number; term; qualifications; vacancies. 1. Upon the adoption of a resolution pursuant to NRS 315.7805 forming a regional authority, nine persons must be appointed to serve as commissioners of the authority as follows: (a) The governing …

NRS 315.7811 Additional powers. A regional authority may, in addition to exercising the powers set forth in NRS 315.440 and 315.460 and any other relevant provisions of this chapter: 1. Jointly, or with another authority, exercise any powers, privileges and rights that are exerci…

NRS 315.7813 Reservation or nomination of land from Bureau of Land Management prohibited; exception. A regional authority may not request a reservation or nomination of land from the Bureau of Land Management unless the governing body of the jurisdiction within which the applicab…

NRS 315.7815 Formation. 1. In a county whose population is 100,000 or more but less than 700,000, an authority may form a regional authority. 2. To form a regional authority as described in subsection 1, the governing body of the county and the governing body of each city and tow…

NRS 315.7819 Appointment of commissioners; number; term; qualifications; vacancies. 1. Upon the adoption of a resolution pursuant to NRS 315.7815 forming a regional authority, seven persons must be appointed to serve as commissioners of the authority as follows: (a) Two persons a…

NRS 315.7821 Additional powers. 1. A regional authority formed pursuant to NRS 315.7815 may, in addition to exercising the powers set forth in NRS 315.440 and 315.460 and any other relevant provisions of this chapter: (a) Jointly, or with another authority, exercise any powers, p…

NRS 315.961 Policy of State; findings and declarations. 1. It is the policy of this State to promote the health, welfare and safety of its residents and to develop more desirable neighborhoods and alleviate poverty in the counties, cities and towns of the State by making provisio…

NRS 315.962 Definitions. As used in NRS 315.961 to 315.99874, inclusive, unless the context otherwise requires, the words and terms defined in NRS 315.963 to 315.976, inclusive, have the meanings ascribed to them in those sections. (Added to NRS by 1973, 615; A 1987, 523; 2005, 2…

NRS 315.9625 “Affordable housing” defined. [Replaced in revision by NRS 315.9635.]

NRS 315.963 “Area of operation” defined. “Area of operation” means any area of the State which is not included within the corporate limits of a city or town having a population of 150,000 or more. (Added to NRS by 1973, 615; A 2005, 221; 2011, 1213)

NRS 315.9635 “Attainable housing” defined. “Attainable housing” has the meaning ascribed to it in NRS 278.0105. (Added to NRS by 2021, 1089)—(Substituted in revision for NRS 315.9625)

NRS 315.964 “Authority” defined. “Authority” means the Nevada Rural Housing Authority created by NRS 315.977. (Added to NRS by 1973, 615; A 1987, 523; 2021, 1089)

NRS 315.965 “Bonds” defined. “Bonds” means any bonds, notes, interim certificates, debentures or other obligations issued by the Authority pursuant to the provisions of NRS 315.961 to 315.99874, inclusive. (Added to NRS by 1973, 615; A 1987, 523; 2005, 221)

NRS 315.9655 “Business entity” defined. “Business entity” means a corporation, whether or not for profit, nonprofit organization, association, partnership, limited-liability company, limited-liability partnership or other entity formed pursuant to NRS 315.983. (Added to NRS by 20…

NRS 315.966 “City” defined. “City” means any incorporated city. (Added to NRS by 1973, 615)