reglab/statecodes huggingface dataset:
2023 Nevada Revised Statutes › Chapter 244A - Counties: Financing of Public Improvements › NRS 244A.611 - Officers: Election and duties.

1. The board shall choose one of its members as chair and one of its members as vice chair, and shall elect a secretary and a treasurer, who may be members of the board. The secretary and the treasurer may be one person.
2. The secretary shall keep audio recordings or transcripts of all meetings and, in a well-bound book, a record of all of the proceedings of the board, minutes of all meetings, certificates, contracts, bonds given by employees, and all other acts of the board. Except as otherwise provided in NRS 241.035, the minute book, audio recordings, transcripts and records must be open to the inspection of all owners of real property in the county as well as to all other interested persons, at all reasonable times and places. A copy of the minutes or audio recordings must be made available to a member of the public upon request at no charge pursuant to NRS 241.035.
3. The treasurer shall keep, in permanent records, strict and accurate accounts of all money received by and disbursed for and on behalf of the board and the county. The treasurer shall file with the county clerk, at county expense, a corporate fidelity bond in an amount not less than $5,000, conditioned for the faithful performance of his or her duties.
[Part 5:383:1955]—(NRS A 1973, 1509; 2005, 1408; 2013, 327)
2023 Nevada Revised Statutes › Chapter 244A - Counties: Financing of Public Improvements › NRS 244A.613 - Meetings; quorum; seal.

1. The board shall meet regularly at a time and in a place to be designated by the board. Special meetings may be held as often as the needs of the board require, on notice to each board member.
2. A majority of the members shall constitute a quorum at any meeting. Every motion and resolution of the board shall be adopted by at least a majority of the members present and constituting the quorum at such meeting.
3. The board shall adopt a seal.
[Part 5:383:1955] + [6:383:1955]
2023 Nevada Revised Statutes › Chapter 244A - Counties: Financing of Public Improvements › NRS 244A.617 - Loans by counties for preliminary costs of organization.

The board of county commissioners of any county proceeding under the provisions of NRS 244A.597 to 244A.655, inclusive, is authorized to advance such money to the board as may be necessary to pay the preliminary organization, administration and engineering costs thereof, including bond elections as provided in NRS 244A.597 to 244A.655, inclusive, on such terms of repayment as may be agreed upon, and the county is authorized to secure the necessary money in the manner provided by law authorizing medium-term obligations.
[7:383:1955]—(NRS A 1975, 15; 1995, 1815)
2023 Nevada Revised Statutes › Chapter 244A - Counties: Financing of Public Improvements › NRS 244A.621 - Additional powers of board.

The county fair and recreation board, in addition to the other powers conferred upon a county fair and recreation board by NRS 244A.597 to 244A.655, inclusive, may:
1. Set aside a fund in an amount that it considers necessary and which may be expended in the discretion of the board to promote or attract conventions, meetings and like gatherings that will utilize the recreational facilities authorized by NRS 244A.597. The expenditure is hereby declared to be an expenditure made for a public purpose.
2. Solicit and promote tourism and gaming generally, both individually and through annual grants in cash or in kind including lease of its facilities to the chambers of commerce of the incorporated cities within the county which respectively represent all of the residents of those cities, or other nonprofit groups or associations, and further promote generally the use of its facilities, pursuant to lease agreements, by organized groups or by the general public for the holding of conventions, expositions, trade shows, entertainment, sporting events, cultural activities or similar uses reasonably calculated to produce revenue for the board and to enhance the general economy. The promotion of tourism, gaming or the use of facilities may include advertising the facilities under control of the board and the resources of the community or area, including tourist accommodations, transportation, entertainment, gaming and climate. The advertising may be done jointly with a private enterprise.
3. Enter into contracts for advertising pursuant to this section and pay the cost of the advertising, including a reasonable commission.
(Added to NRS by 1967, 1379; A 1973, 1513; 1983, 1170; 1989, 1018, 1192)
2023 Nevada Revised Statutes › Chapter 244A - Counties: Financing of Public Improvements › NRS 244A.622 - Use of money to pay cost of improving, operating, maintaining or improving access to certain airports.

1. Except as otherwise provided in subsections 2 and 3, in a county whose population is 700,000 or more, the county fair and recreation board, in addition to any other powers, may also use any money that it receives to pay the cost of projects for improving, operating or maintaining an airport, or any combination thereof, including, without limitation, projects designed to encourage tourism or to improve access to airports by tourists.
2. Money may only be used pursuant to this section with respect to an airport that is not less than 90 miles by road from any airport owned by the county with 100 or more scheduled flights per day.
3. No money may be expended pursuant to this section with respect to a particular airport in excess of $500,000 during any fiscal year.
(Added to NRS by 1993, 2331; A 1995, 108; 2011, 1120)
2023 Nevada Revised Statutes › Chapter 244A - Counties: Financing of Public Improvements › NRS 244A.625 - Appropriation and expenditure of money for recreational facilities in certain counties.

In any county whose population is 100,000 or more and less than 700,000, the county fair and recreation board may at any time appropriate and authorize the expenditure of money derived from any source and under the jurisdiction of the board for recreational facilities as described in NRS 244A.597, regardless of any limitations in any transfer to the board of the proceeds of any license taxes or other money initially caused to be collected by any political subdivision, but subject to any contractual limitations pertaining to money so appropriated and subject to any existing appropriations and any other encumbrances on that money to meet obligations existing when the appropriation is made, accrued or not accrued and determinable or contingent.
(Added to NRS by 1971, 266; A 1979, 518; 1989, 1905; 2011, 1120)
2023 Nevada Revised Statutes › Chapter 244A - Counties: Financing of Public Improvements › NRS 244A.627 - Limitations on powers of board concerning real property in certain counties.

Notwithstanding any other provision of law, no county fair and recreation board in a county whose population is 100,000 or more and less than 700,000 may:
1. Acquire, purchase, lease, sell or dispose of any real property or engage in any other transaction relating to real property if the transaction may result in any debt or bonds for which the county may be responsible, in whole or in part, or affects any existing debt or bonds for which the county is responsible, in whole or in part; or
2. Sell or lease to a person or governmental entity any real property within the county which is located in a city whose population is less than 220,000,
without prior approval of the board of county commissioners.
(Added to NRS by 1963, 792; A 1969, 1536; 1979, 519; 1989, 1905; 2009, 2266; 2011, 1120)
2023 Nevada Revised Statutes › Chapter 244A - Counties: Financing of Public Improvements › NRS 244A.629 - Acceptance of federal aid.

1. In addition to the powers conferred upon a county fair and recreation board by other provisions of NRS 244A.597 to 244A.655, inclusive, a board, for the county, is empowered to borrow money or accept contributions, grants or other financial assistance from the Federal Government or any agency or instrumentality thereof, corporate or otherwise, for or in aid of any recreational facility within its area of operation, and to comply with such conditions, trust indentures, leases or agreements as may be necessary, convenient or desirable.
2. The purpose and intent of NRS 244A.597 to 244A.655, inclusive, is to authorize every county to do any and all things necessary, convenient or desirable to secure the financial aid or cooperation of the Federal Government in the undertaking, acquisition, construction, maintenance or operation of any recreational facility of the county.
[9:383:1955]—(NRS A 2003, 2264)
2023 Nevada Revised Statutes › Chapter 244A - Counties: Financing of Public Improvements › NRS 244A.633 - Free tickets and passes restricted.

The county fair and recreation board shall not, as a condition precedent to the use of any recreational facility by any person, firm or corporation, demand or receive any free tickets, passes or other items authorizing admission without payment to any event, display, gathering, sporting event, convention or the like held or conducted in the recreational facility under the control of the board.
(Added to NRS by 1967, 1379)
2023 Nevada Revised Statutes › Chapter 244A - Counties: Financing of Public Improvements › NRS 244A.638 - Annual report by Department of Transportation on highway construction projects undertaken with money received from issuance of bonds.

The Department of Transportation shall, not later than December 31 of each year:
1. Prepare an annual report on all the projects undertaken with the money deposited in the State Highway Fund pursuant to NRS 244A.637. The report must include:
(a) For each of those projects:
(1) The amount of that funding expended on the project.
(2) The amount of any other funding expended on the project.
(3) The timeline for the completion of the project.
(4) Specific information regarding any delays in the project as a result of any variances from the Department’s projections of scheduling and costs.
(5) The status of:
(I) The definition of the project.
(II) The preliminary engineering for the project.
(III) The environmental documentation for the project.
(IV) The acquisition of required rights-of-way for the project.
(V) The date of advertisement for bids on the project.
(VI) The date of operational completion of the project.
(b) The total number of those projects that have been completed and, for each completed project:
(1) Whether the project was completed early or on time.
(2) Whether the project remained within its planned scope.
(3) Whether the project was completed for less than or for the amount of its budgeted expenses.
(4) Any specific measures of transportation improvement resulting from the project.
2. Submit the annual report to:
(a) The Governor.
(b) The Director of the Legislative Counsel Bureau for transmittal to the Interim Finance Committee.
(Added to NRS by 2007, 1598)
2023 Nevada Revised Statutes › Chapter 244A - Counties: Financing of Public Improvements › NRS 244A.641 - Execution of bonds and coupons.

The bonds and any coupons must be executed in the manner provided in the Local Government Securities Law; but the bonds must also bear the manual or facsimile signature of the chair of the county fair and recreation board.
[15:383:1955]—(NRS A 1957, 366; 1959, 413; 1967, 222; 1969, 1285, 1578; 1985, 258)
2023 Nevada Revised Statutes › Chapter 244A - Counties: Financing of Public Improvements › NRS 244A.643 - Sale of bonds; employment of expert services.

The board is authorized to sell such bonds from time to time in the manner prescribed in NRS 350.105 to 350.195, inclusive, and may employ legal, fiscal, engineering or other expert services in connection with the acquisition, improvement, extension or betterment of the improvements or facilities and with the authorization, issuance and sale of the bonds.
[16:383:1955]—(NRS A 1967, 222; 1995, 1022)
2023 Nevada Revised Statutes › Chapter 244A - Counties: Financing of Public Improvements › NRS 244A.647 - Collected license taxes held in trust.

All taxes, levied by a city, town or county for use in connection with NRS 244A.597 to 244A.655, inclusive, and collected by any motel, hotel or gaming establishment are public moneys from the moment of their collection and shall be held in trust by the establishment collecting such taxes for the use and benefit of the city, town or county levying such taxes or for the use of the county fair and recreation board where such revenues have been assigned or appropriated to the county fair and recreation board.
(Added to NRS by 1969, 874)
2023 Nevada Revised Statutes › Chapter 244A - Counties: Financing of Public Improvements › NRS 244A.649 - Refund or credit of payment of license taxes; claim.

1. If the county fair and recreation board determines that any license tax assigned to it, or penalty or interest thereon, has been paid more than once or has been erroneously or illegally collected or computed, the board shall, subject to the conditions specified in this section, refund to the person or corporation or its successors, administrators, executors or assigns the excess amount collected or paid. In lieu of a refund, the board may grant a credit to the licensee against future license tax payments.
2. A refund or credit shall not be allowed unless a claim therefor is filed with the board within 2 years from the last date that the overpayment was made. Every claim shall be in writing and shall state the specific grounds upon which the claim is founded.
3. Failure to file a claim within the time prescribed constitutes a waiver of any demand against the city or county imposing the license tax and against the board.
4. Within 30 days after disallowing any claim, in whole or in part, the board shall serve notice of its action on the claimant.
(Added to NRS by 1973, 315)
2023 Nevada Revised Statutes › Chapter 244A - Counties: Financing of Public Improvements › NRS 244A.651 - Revenue or general obligation bonds secured by pledge of revenues: Establishment, maintenance and revision of schedules of rates and fees.

In order to insure the payment of the revenue bonds of the county or of the general obligation bonds of the county, the payment of which is secured or is additionally secured, as the case may be, by a pledge of the revenues of the recreational facilities, of any such other income-producing project and of any such excise taxes, as provided in NRS 244A.637, or other such special obligation securities so secured or other such additionally secured general obligation securities of the county, the board may establish and maintain, and from time to time revise, a schedule or schedules of fees, rates and charges for services, facilities and commodities rendered by or through the recreational facilities, and any such other income-producing project and a schedule or schedules of any such excise taxes, as the case may be, in an amount sufficient for that purpose and also sufficient to discharge any covenant in the proceedings of the county fair and recreation board or board of county commissioners authorizing the issuances of any of the bonds or other securities, including any covenant for the establishment of reasonable reserve funds.
[21:383:1955]—(NRS A 1969,1579)
2023 Nevada Revised Statutes › Chapter 244A - Counties: Financing of Public Improvements › NRS 244A.653 - Debt limit of county whose population is 700,000 or more.

A county whose population is 700,000 or more shall not become indebted for those county recreational purposes under the provisions of NRS 244A.597 to 244A.655, inclusive, by the issuance of general obligation bonds and other general obligation securities, other than any notes or warrants maturing within 1 year from the respective dates of their issuance, but excluding any outstanding revenue bonds, special assessment bonds or other special obligation securities, and excluding any outstanding general obligation notes and warrants, exceeding 5 percent of the total last assessed valuation of the taxable property in the county.
[26:383:1955]—(NRS A 1969, 1545, 1579; 1979, 519; 1989, 1905; 1999, 837; 2011, 1122)
2023 Nevada Revised Statutes › Chapter 244A - Counties: Financing of Public Improvements › NRS 244A.655 - Debt limit of county whose population is less than 700,000.

A county whose population is less than 700,000 shall not become indebted for those county recreational purposes under the provisions of NRS 244A.597 to 244A.655, inclusive, by the issuance of general obligation bonds and other general obligation securities, other than any notes or warrants maturing within 1 year from the respective dates of their issuance, but excluding any outstanding revenue bonds, special assessment bonds or other special obligation securities, and excluding any outstanding general obligation notes and warrants, exceeding 3 percent of the total last assessed valuation of the taxable property in the county.
[27:383:1955]—(NRS A 1969, 1545, 1579; 1979, 519; 1989, 1905; 1999, 837; 2011, 1122)
2023 Nevada Revised Statutes › Chapter 244A - Counties: Financing of Public Improvements › NRS 244A.671 - Definitions.

As used in NRS 244A.669 to 244A.763, inclusive, unless a different meaning clearly appears from the context, the words and terms defined in NRS 244A.672 to 244A.693, inclusive, have the meanings ascribed to them in those sections.
(Added to NRS by 1967, 1744; A 1973, 966; 1975, 426, 1384; 1985, 2179; 1987, 537; 1993, 1473)
2023 Nevada Revised Statutes › Chapter 244A - Counties: Financing of Public Improvements › NRS 244A.672 - "Affordable housing" defined.

"Affordable housing" means multifamily housing for families of low or moderate income that is eligible for tax-exempt financing under section 142 of the Internal Revenue Code of 1986, in effect on July 1, 1993, future amendments to that section and the corresponding provisions of future internal revenue laws.
(Added to NRS by 1993, 1472)
2023 Nevada Revised Statutes › Chapter 244A - Counties: Financing of Public Improvements › NRS 244A.678 - "Corporation for public benefit" defined.

"Corporation for public benefit" means a corporation that is recognized as exempt under section 501(c)(3) of the Internal Revenue Code of 1986 in effect on July 1, 1993, future amendments to that section and the corresponding provisions of future internal revenue laws.
(Added to NRS by 1993, 1472)
2023 Nevada Revised Statutes › Chapter 244A - Counties: Financing of Public Improvements › NRS 244A.679 - "Finance" and "financing" defined.

"Finance" or "financing" includes the issue of bonds by a county for the purpose of using substantially all of the proceeds to pay (or to reimburse the obligor or its designee) for the costs of acquiring, improving and equipping a project, whether these costs are incurred by the county, the obligor or a designee of the obligor. Title to or in such project may at all times remain in the obligor or the obligor’s designee or assignee and, in such case, the bonds of the county shall be secured by a pledge of one or more notes, debentures, bonds or other secured or unsecured debt obligations of the obligor.
(Added to NRS by 1975, 425)
2023 Nevada Revised Statutes › Chapter 244A - Counties: Financing of Public Improvements › NRS 244A.681 - "Financing agreement" defined.

"Financing agreement" means:
1. An agreement by which the county agrees to issue bonds pursuant to NRS 244A.669 to 244A.763, inclusive, to finance one or more projects and the obligor agrees to:
(a) Make payments (directly or through notes, debentures, bonds or other secured or unsecured debt obligations of the obligor executed and delivered by the obligor to the county or the county’s designee or assignee, including a trustee, pursuant to such financing agreement) sufficient to pay the principal of, premium, if any, and interest on the bonds;
(b) Pay other amounts required by NRS 244A.669 to 244A.763, inclusive; and
(c) Comply with all other applicable provisions of NRS 244A.669 to 244A.763, inclusive; or
2. An agreement by which the county agrees to issue bonds to finance solely the costs of studies, surveys and options and the obligor or obligors undertake one or more of the obligations described in NRS 244A.701.
(Added to NRS by 1975, 425; A 1979, 684)
2023 Nevada Revised Statutes › Chapter 244A - Counties: Financing of Public Improvements › NRS 244A.682 - "Health and care facility" defined.

"Health and care facility" means a hospital, facility for intermediate care, facility for skilled nursing or facility for the care of adults during the day, as those terms are defined in chapter 449 of NRS.
(Added to NRS by 1981, 386; A 1983, 1656; 1985, 1758)
2023 Nevada Revised Statutes › Chapter 244A - Counties: Financing of Public Improvements › 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, 971)
2023 Nevada Revised Statutes › Chapter 244A - Counties: Financing of Public Improvements › 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 agrees to make the payments required by the financing agreement.
(Added to NRS by 1975, 426)
2023 Nevada Revised Statutes › Chapter 244A - Counties: Financing of Public Improvements › 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 various standards prescribed by this state or the Federal Government.
(Added to NRS by 1973, 973)
2023 Nevada Revised Statutes › Chapter 244A - Counties: Financing of Public Improvements › 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 organization for research and development;
(c) A health and care facility;
(d) A supplemental facility for a health and care facility;
(e) The purposes of a corporation for public benefit; or
(f) Affordable housing.
2. The refinancing of any land, building or other improvement and any real and personal property necessary for:
(a) A health and care facility;
(b) A supplemental facility for a health and care facility;
(c) The purposes of a corporation for public benefit; or
(d) Affordable housing.
3. Any land, building, structure, facility, system, fixture, improvement, appurtenance, machinery, equipment, or any combination thereof or any interest therein, used by any natural person, 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:
(a) For the reduction, abatement or prevention of pollution or for the removal or treatment of any substance in a processed material which otherwise would cause pollution when such material is used.
(b) In connection with the furnishing of water if available on reasonable demand to members of the general public.
(c) In connection with the furnishing of energy or gas.
4. Any real or personal property appropriate for addition to a hotel, motel, apartment building, casino or office building to protect it or its occupants from fire.
5. Any undertaking by a public utility, in addition to that allowed by subsections 2 and 3, which is solely for the purpose of making capital improvements to property, whether or not in existence, of a public utility.
6. In addition to the kinds of property described in subsections 2 and 3, if the project is for the generation and transmission of electricity, any other property necessary or useful for that purpose, including, without limitation, any leases and any rights to take water or fuel.
7. The preservation of any historic structure or its restoration for its original or another use, if the plan has been approved by the Office of Historic Preservation of the State Department of Conservation and Natural Resources.
(Added to NRS by 1967, 1745; A 1973, 966; 1975, 426, 612, 1384; 1977, 586; 1979, 684; 1981, 386, 1621; 1985, 2179; 1993, 1473, 1545; 1995, 579; 2001, 936; 2011, 2951)
2023 Nevada Revised Statutes › Chapter 244A - Counties: Financing of Public Improvements › 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 the obligor to the county or the county’s designee or assignee (including a trustee) pursuant to such lease, agreement of sale or financing agreement.
(Added to NRS by 1975, 426)
2023 Nevada Revised Statutes › Chapter 244A - Counties: Financing of Public Improvements › 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.
(Added to NRS by 1981, 386)
2023 Nevada Revised Statutes › Chapter 244A - Counties: Financing of Public Improvements › 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 and organizations for research and development to locate in, remain or expand in this State to further prosperity throughout the State and to further the use of the agricultural products and the natural resources of this State.
2. Enhance public safety by protecting hotels, motels, apartment buildings, casinos, office buildings and their occupants from fire.
3. Protect the health, safety and welfare of the public and promote private industry, commerce and employment in this State by:
(a) Reducing, abating or preventing pollution or removing or treating any substance in processed material which would cause pollution; and
(b) Furnishing energy, including electricity to the public, if available on reasonable demand, and providing facilities to transmit electricity for sale outside the State.
4. Promote the health of residents of the county by enabling a private enterprise to acquire, develop, expand and maintain health and care facilities and supplemental facilities for health and care facilities which will provide services of high quality to those residents at reasonable rates.
5. Promote the educational, cultural, economic and general welfare of the public by financing the preservation of historic structures in the county, or their restoration for the original or another use, in order to preserve structures of historic interest.
6. Promote the social welfare of the residents of the county by enabling corporations for public benefit to acquire, develop, expand and maintain facilities that provide services for those residents.
7. Promote the social welfare of the residents of the county by financing the acquisition, development, construction, improvement, expansion and maintenance of affordable housing in the county.
(Added to NRS by 1967, 1745; A 1973, 967; 1975, 426, 1384; 1977, 586; 1979, 685; 1981, 387, 1621; 1985, 2180; 1993, 1474)
2023 Nevada Revised Statutes › Chapter 244A - Counties: Financing of Public Improvements › 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.669 to 244A.763, inclusive, must be liberally construed in conformity with the purposes set forth in NRS 244A.695.
(Added to NRS by 1985, 2179)
2023 Nevada Revised Statutes › Chapter 244A - Counties: Financing of Public Improvements › 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 parts thereof, which except as otherwise provided in this subsection must be located within this state, and which may be located within or partially within that county. If a project is for the generation and transmission of electricity and the county deems it necessary:
(a) To connect the project with facilities located outside this state, transmitting facilities necessary for that interconnection may be located outside this state, but financing for those transmitting facilities must be limited to the amount necessary to interconnect the project with the nearest compatible transmitting facility of the participant in the project with which the connection is to be made.
(b) To acquire or develop fuel or water or rights thereto, or to transport fuel or water from outside the county or State, the necessary facilities, fuel, water or rights thereto may be located wholly outside the county or outside the State.
Any water rights for such a project to be obtained by appropriation may only be appropriated within the boundaries of the county within which the generating facility is located, unless the board of county commissioners of another county approves the appropriation within its boundaries for that purpose.
2. To finance, sell, lease or otherwise dispose of any or all its projects upon such terms and conditions as the board considers advisable.
3. To issue revenue bonds for the purpose of financing or defraying all or any portion of the cost of acquiring, improving and equipping any project as set forth in NRS 244A.737.
4. To secure payment of such bonds as provided in NRS 244A.669 to 244A.763, inclusive.
5. If a project is for the generation and transmission of electricity, to own the project in its entirety or an undivided interest in the project with one or more other owners, and to enter into agreements with respect to any matters relating to common ownership of the project, including, without limitation, matters relating to the ownership, acquisition, construction, improvement, equipping, financing, operation and maintenance of the project.
6. To take such actions as are necessary or useful in order to undertake, carry out, accomplish and otherwise carry out the provisions of NRS 244A.669 to 244A.763, inclusive, including the adoption of resolutions, which may be introduced and adopted at the same special or regular meeting of the board and which become effective upon adoption unless otherwise specified in the resolution.
(Added to NRS by 1967, 1745; A 1973, 967; 1975, 427; 1979, 686; 2001, 2074)
2023 Nevada Revised Statutes › Chapter 244A - Counties: Financing of Public Improvements › 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 corporation for public benefit only if:
1. The amount of the bonds to be issued is less than $15,000,000;
2. An independent consultant hired by the governing body has reported favorably on the financial feasibility of the project;
3. The bonds will be sold to not more than 10 investors, each of whom certifies that he or she:
(a) Has a net worth of $500,000 or more; and
(b) Is purchasing the bonds for investment and not for resale; and
4. The issuance of the bonds is approved by the State Board of Finance, unless the amount of the bonds to be issued is $5,000,000 or less.
(Added to NRS by 1993, 1472)
2023 Nevada Revised Statutes › Chapter 244A - Counties: Financing of Public Improvements › 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 manufacturing, industrial or warehousing enterprise or organization for research and development to locate in the county, except for:
(a) Health and care facilities;
(b) Supplemental facilities for health and care facilities;
(c) Facilities established by corporations for public benefit; and
(d) Affordable housing,
which would compete substantially with an enterprise or organization already established in that county for substantially the same intrastate markets.
(Added to NRS by 1985, 2179; A 1993, 1474)
2023 Nevada Revised Statutes › Chapter 244A - Counties: Financing of Public Improvements › 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 acquiring a project for the generation and transmission of electricity may sell all or part of its capacity and may charge for the use of its transmitting facilities, and for this purpose may contract with one or more purchasers. The amount sold or charged to any purchaser or any combination thereof must not exceed the amount allowable under the Internal Revenue Code of 1954, as amended, or the United States Treasury Regulations prescribed thereunder so as to result in a change in or loss of the exemption from federal income tax or the exclusion from gross income for the purposes of federal income tax for the interest paid, or to be paid, on any bonds issued by the county to finance all or a portion of the costs of acquiring, improving or equipping the project, unless the bonds are issued pursuant to NRS 244A.702.
2. If a county decides to sell capacity of the project after the expiration of all of the initial contracts for such sale, it shall give a first right of refusal to electric utilities which primarily serve retail customers in this state to purchase that capacity. No right of first refusal arises at any time by virtue of this section if and to the extent that, under the Internal Revenue Code and regulations prescribed thereunder as they exist at that time, such a right of first refusal would or could result in a change in or loss of the exemption from federal income tax or the exclusion from gross income for the purposes of federal income tax for the interest paid or to be paid on any bonds issued or to be issued by the county to finance all or a portion of the costs of acquiring, improving or equipping the project, unless the bonds are issued pursuant to NRS 244A.702.
3. Any agreement between a county and a purchaser of all or part of the capacity of a project may include a provision that the obligation of the purchaser to make payments:
(a) Exists whether or not:
(1) The project or any part thereof is completed, operating or capable of operation; or
(2) The generation of electricity from the project is stopped or reduced for any reason.
(b) Must not be reduced by offset or otherwise.
(c) Is not conditional upon the performance, by any party to the agreement described in this subsection, of that party’s obligation under any other agreement.
(Added to NRS by 1979, 677; A 1985, 641; 1987, 537)
2023 Nevada Revised Statutes › Chapter 244A - Counties: Financing of Public Improvements › 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, the county shall arrange for the repayment of those costs under an agreement or agreements which may provide for the purchase by the obligor or obligors thereunder of the studies, surveys and options through payments sufficient to pay the principal of and interest on the bonds issued to finance those costs if and to the extent the principal of and interest on such bonds are not paid from the proceeds of additional bonds issued to finance the remaining costs of the project. If the obligor or obligors decide that the project is not feasible, they shall pay the costs of the studies, surveys and options within 1 year. Such agreements may also include a commitment or agreement by the county to enter into contracts at a later date for the sale of all or part of the capacity of the project to or for the use of the transmitting facilities of the project by the obligors and for the construction and operation of such project by one or more purchasers of capacity of the project. The terms and provisions of such contracts to be executed at a later date must be approved by the board of county commissioners at the time of or before the first issuance of bonds.
(Added to NRS by 1979, 678)
2023 Nevada Revised Statutes › Chapter 244A - Counties: Financing of Public Improvements › 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 federal income tax to finance or defray all or any portion of the cost of acquiring, improving and equipping a project for the generation and transmission of electricity.
2. A county may:
(a) Designate the portion of the capacity of the project which is to be owned by the county and the portion of the costs of the project which is to be financed with such bonds.
(b) Provide that such bonds are secured and payable separately from other bonds issued for the project, and provide for the allocation of the proceeds of the bonds and the revenues derived from the project.
(Added to NRS by 1987, 536)
2023 Nevada Revised Statutes › Chapter 244A - Counties: Financing of Public Improvements › 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 for the generation and transmission of electricity, subsequently to issue additional bonds to finance the costs of the project, the costs of any improvements to the project which are necessary to meet the requirements of any governmental authority, and the costs of any replacements in the project occasioned by damage to, or the destruction or taking of, all or any part of the project, then the county is obligated, and it is the duty of the board of county commissioners or other appropriate officers, to sell and issue such additional bonds from time to time as may be necessary if:
(a) All conditions to their issuance contained in any contractual arrangement between the county and a lessee, purchaser or other obligor have been satisfied; and
(b) The terms of the bonds to be issued do not violate any law of this state in effect at the time of passage of the resolution authorizing the issuance of the bonds.
2. The requirements of NRS 244A.707 and 244A.711 do not apply to the issuance of bonds pursuant to this section.
(Added to NRS by 1979, 678)
2023 Nevada Revised Statutes › Chapter 244A - Counties: Financing of Public Improvements › 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 of right to the enforcement of the obligations, if any, of the county to sell and issue additional bonds to finance the remaining costs of acquiring, improving, and equipping a project, or to contract for the sale of the capacity of the project or for the construction and operation of a project, by mandamus or other suit, action or proceeding at law or in equity to compel the county, its board of county commissioners or other appropriate officers to perform those obligations.
(Added to NRS by 1979, 680)
2023 Nevada Revised Statutes › Chapter 244A - Counties: Financing of Public Improvements › 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 notice of its intention by publication at least once in a newspaper of general circulation published in the county, or if there is no such newspaper then in a newspaper of general circulation in the county published in the State; and
2. Hold at least one public hearing, not less than 10 nor more than 20 days after the date of publication of the notice.
(Added to NRS by 1967, 1745; A 1979, 686)
2023 Nevada Revised Statutes › Chapter 244A - Counties: Financing of Public Improvements › 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 though it extends beyond their terms of office, without setting forth in detail in any notice the proposed terms or conditions thereof.
(Added to NRS by 1979, 680)
2023 Nevada Revised Statutes › Chapter 244A - Counties: Financing of Public Improvements › 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 provisions herein, solely out of the revenues derived from the financing, leasing or sale of the project to be financed by the bonds.
2. The bonds and interest coupons, if any, appurtenant thereto shall never constitute the debt or indebtedness of the county within the meaning of any provision or limitation of the Constitution of the State of Nevada or statutes, and shall not constitute nor give rise to a pecuniary liability of the county or a charge against its general credit or taxing powers. Such limitation shall be plainly stated on the face of each such bond.
(Added to NRS by 1967, 1746; A 1973, 968; 1975, 428)
2023 Nevada Revised Statutes › Chapter 244A - Counties: Financing of Public Improvements › 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 registration privileges;
(g) Be executed in such manner, including the use of one or more facsimile signatures so long as at least one manual signature appears on the bonds, which manual signature may be either an official of the county or an officer of the trustee authenticating the same;
(h) Be payable at such place or places within or without the State; and
(i) Be subject to such terms of redemption,
as the authorizing resolution may provide.
2. The resolution may fix a rate or rates of interest, or provide for the determination of the rate or rates from time to time by a designated agent according to a specified standard and procedure.
3. Except as otherwise provided in this subsection, the bonds may be sold in one or more series at par, or below or above par, in such manner and for such price or prices as the county, in its discretion, determines. In the case of a project for the generation and transmission of electricity, the determination with respect to the manner of sale of the bonds must be made in the best interest of the participants, upon the recommendation and with the concurrence of the management committee. As an incidental expense of the project, the county, in its discretion, may employ financial and legal consultants in regard to the financing of the project.
4. The bonds are fully negotiable under the terms of the Uniform Commercial Code—Investment Securities.
(Added to NRS by 1967, 1746; A 1971, 2098; 1975, 428; 1977, 588; 1979, 688; 1981, 389; 1983, 1159)
2023 Nevada Revised Statutes › Chapter 244A - Counties: Financing of Public Improvements › 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 the discretion of the county, be secured by:
1. A mortgage covering all or any part of the project, or upon any other property of the lessee, purchaser or obligor, or by a pledge of the lease, the agreement of sale or the financing agreement with respect to such project, or both.
2. A pledge of one or more notes, debentures, bonds or other secured or unsecured debt obligations of the obligor.
No county is authorized to pledge any of its property or otherwise secure the payment of any bonds with its property, except that the county may pledge the property of the project or the revenues therefrom.
(Added to NRS by 1967, 1747; A 1973, 968; 1975, 429; 1977, 589)
2023 Nevada Revised Statutes › Chapter 244A - Counties: Financing of Public Improvements › 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 with the bondholders, including, but not limited to:
1. Custody of the proceeds from the sale of the bonds, including their investment and reinvestment until used to finance or defray the cost of the project.
2. The fixing and collection of payments, with respect to the project to be made under the lease, the agreement of sale or the financing agreement.
3. The terms to be incorporated in the lease, the agreement of sale or the financing agreement with respect to the project.
4. The maintenance and insurance of the project.
5. The creation of funds and accounts into which any bond proceeds, revenues and income may be deposited or credited.
6. Limitation on the purpose to which the proceeds of any bonds then or thereafter to be issued may be applied.
7. Limitations on the issuance of additional bonds, the terms upon which additional bonds may be issued and secured, the refunding of bonds and the replacement of bonds.
8. The procedure, if any, by which the terms of any contract with bondholders may be amended or abrogated.
9. Vesting in a trustee or trustees located within or without this state such properties, rights, powers and duties in trust as the board may determine, and limiting the rights, duties and powers of such trustees.
10. The rights and remedies available in case of a default to the bondholders or to any trustee under the lease, agreement of sale, financing agreement, indenture or a mortgage.
(Added to NRS by 1967, 1747; A 1973, 969; 1975, 429)