reglab/statecodes huggingface dataset:
Nevada Administrative Code › Chapter 231 - Economic Development and Tourism › OFFICE OF ECONOMIC DEVELOPMENT › Regional Development Authorities › Section 231.166 - Criteria for consideration of requests for proposals

Current through June 11, 2024
When reviewing proposals submitted pursuant to section 5 of
							this regulation for the designation of regional development authorities pursuant
							to subsection 4 of
							NRS
							231.053, the Executive Director may
							consider:
1. The overall quality of the
						proposal of the applicant;
2. The
						economy of the region of this State that the applicant proposes to
						serve;
3. Past performance of other
						regional development authorities in the region of this State that the applicant
						proposes to serve;
4. Input from the
						Board;
5. Input from state and local
						governmental officials;
6. Input from
						interested parties and the general public; and
7. Any other criteria as determined by the
						Executive Director.
Added to NAC
							by Office of Economic Dev. by
							R159-16AP,
							eff. 6/26/2018
NRS
							231.053
Nevada Administrative Code › Chapter 231 - Economic Development and Tourism › OFFICE OF ECONOMIC DEVELOPMENT › Regional Development Authorities › Section 231.171 - Review of proposed contracts, allocations, grants or loans by Board of Economic Development

Current through June 11, 2024
Not less than 30 days after the end of each fiscal year, the
							Board will review each proposed:
1.
						Contract between the Executive Director and a regional development authority
						pursuant to which the regional development authority is paid more than
						$100,000.
2. Allocation, grant or
						loan of money of more than $100,000 that is made by the Executive Director to a
						regional development authority.
Added to NAC
							by Office of Economic Dev. by
							R159-16AP,
							eff. 6/26/2018
NRS
							231.053,
							231.057
Nevada Administrative Code › Chapter 231 - Economic Development and Tourism › OFFICE OF ECONOMIC DEVELOPMENT › Regional Development Authorities › Section 231.176 - Contents of recruitment and marketing plan; update of plan; acceptance, modification or denial; posting plans on Internet website of Office; quarterly reporting on activities

Current through June 11, 2024
1. A recruitment and
						marketing plan submitted to the Executive Director by a regional development
						authority must include:
(a) Goals for the
						economic development of the region of this State served by the regional
						development authority, which must be consistent with the State Plan for Economic
						Development;
(b) Strategies and
						initiatives for achieving the goals included in the plan pursuant to paragraph
						(a);
(c) Objective criteria for
						evaluating the effectiveness of the regional development authority in achieving
						the goals included in the plan pursuant to paragraph (a);
(d) Any other information that the regional
						development authority deems essential to describing the plan; and
(e) Any other information requested by the
						Executive Director.
Nevada Administrative Code › Chapter 231 - Economic Development and Tourism › OFFICE OF ECONOMIC DEVELOPMENT › Local Emerging Small Businesses › Section 231.200 - Certification: Requirements; application and supporting documentation; determination; written notice

Current through June 11, 2024
1. The Office will
						certify as a local emerging small business a business that satisfies the
						requirements set forth in this section and
						NRS
						231.1405 and
						231.14055.
2. To obtain certification as a local emerging
						small business, a business must:
(a) Submit a
						complete application to the Office on a form prescribed and provided by the
						Office.
(b) Attest on the application
						that the business satisfies the criteria to be certified as a local emerging
						small business, as set forth in
						NRS
						231.1405.
(c) Submit to the Office the documentation
						required by the Office to establish that the business satisfies the criteria set
						forth in
						NRS
						231.1405.
Nevada Administrative Code › Chapter 231 - Economic Development and Tourism › OFFICE OF ECONOMIC DEVELOPMENT › Local Emerging Small Businesses › Section 231.205 - Certification: Interpretation of certain requirements for eligibility

Current through June 11, 2024
For the purpose of determining whether a business satisfies the
							criteria for certification as a local emerging small business, as set forth in
							NRS
							231.1405, the Office interprets the requirement
							that a business:
1. Maintain its
						principal place of business in this State to mean that the address identified on
						the state business license of the business must be a physical address located in
						this State.
2. Be operated for profit
						to mean that the normal business operations of the business are intended to earn
						a profit and that the income or profit of the business is distributable to its
						owners or shareholders.
Added to NAC by Office
							of Economic Dev. by R102-13, eff. 12-23-2013
NRS
								231.1405,
								231.1408
Nevada Administrative Code › Chapter 231 - Economic Development and Tourism › OFFICE OF ECONOMIC DEVELOPMENT › Local Emerging Small Businesses › Section 231.210 - Certification: Interpretation of certain terms used to determine designation as a tier 1 or tier 2 firm

Current through June 11, 2024
For the purpose of determining whether a business satisfies the
							criteria for certification as a tier 1 firm or a tier 2 firm pursuant to
							NRS
							231.1405, the Office:
1. Interprets the term "annual gross receipts"
						to mean the total amount of sales by the business during a fiscal year as
						reported on the business's federal income tax return.
2. Will determine that a business is "involved
						in providing construction services" if the business:
(a) Is a person who is licensed pursuant to
						chapter 624 of NRS and who provides labor, materials, equipment or supplies for
						the construction, repair or reconstruction of any building, highway, road,
						railroad, excavation or other structure, project, development or improvement;
						or
(b) Employs as an employee of the
						business a design professional as defined in
						NRS 338.010.
Nevada Administrative Code › Chapter 231 - Economic Development and Tourism › OFFICE OF ECONOMIC DEVELOPMENT › Local Emerging Small Businesses › Section 231.215 - Certification: Validity; notice of expiration; renewal

Current through June 11, 2024
1. A
						certification as a local emerging small business is valid until 2 years after the
						last day of the month in which it is issued or renewed, unless the certification
						is renewed.
2. Not less than 60 days
						before the expiration of the certification of a local emerging small business,
						the Office will send to the local emerging small business a written notice of the
						expiration of the certification and an affidavit on a form prescribed by the
						Office which the local emerging small business may complete and return to the
						Office to renew its certification. The failure of a local emerging small business
						to receive a notice does not excuse it from the requirement to comply with the
						provisions of subsection 3.
3. To
						renew its certification, a local emerging small business must submit to the
						Office, at least 10 days before the expiration of the certification, the
						completed affidavit provided by the Office pursuant to subsection 2 and all
						supporting documentation required by the Office to establish that the local
						emerging small business continues to satisfy the criteria set forth in
						NRS
						231.1405. The affidavit and documentation
						required by this subsection may be submitted to the Office through the Office's
						online renewal process or by mail or in person to the address identified on the
						affidavit.
4. If a local emerging
						small business submits an affidavit and all supporting documentation required by
						the Office at least 10 days before the expiration date of the certification, the
						certification of the local emerging small business is valid until the Office
						determines whether the local emerging small business satisfies the requirements
						for certification set forth in
						NRS
						231.1405. The Office will determine whether to
						renew the certification within 90 days after receiving a request for
						renewal.
5. The Office may delay or
						deny the renewal of a certification as a local emerging small business if the
						local emerging small business fails to comply with the requirements of this
						section.
Added to NAC by Office
							of Economic Dev. by R102-13, eff. 12-23-2013
NRS
								231.1408
Nevada Administrative Code › Chapter 231 - Economic Development and Tourism › OFFICE OF ECONOMIC DEVELOPMENT › Local Emerging Small Businesses › Section 231.220 - Applicant for certification and certified business required to notify Office of change to certain information

Current through June 11, 2024
An applicant for certification as a local emerging small
							business and each local emerging small business certified by the Office shall
							notify the Office of any change in its business address, electronic mail address
							or telephone number and of any other change which may affect its eligibility to
							be certified as a local emerging small business.
Added to NAC by Office
							of Economic Dev. by R102-13, eff. 12-23-2013
NRS
								231.1408
Nevada Administrative Code › Chapter 231 - Economic Development and Tourism › OFFICE OF ECONOMIC DEVELOPMENT › Local Emerging Small Businesses › Section 231.225 - Filing complaint; investigation; appointment of panel; notice of determination; revocation of certificate

Current through June 11, 2024
1. Any individual,
						firm or agency who believes that a local emerging small business does not satisfy
						the criteria to be certified as a local emerging small business, as set forth in
						NRS
						231.1405 and
						231.14055
						and NAC 231.200, may file a complaint with the Office.
2. Upon receipt of a complaint, the Office will
						investigate the allegations made in the complaint.
3. The Executive Director shall appoint a panel
						of three individuals who must not be employees of the Office to review the
						information, documentation and other materials obtained during the Office's
						investigation and to make a determination of whether the local emerging small
						business that is the subject of the complaint satisfies the criteria to be
						certified as a local emerging small business.
4. The Office will issue to the complainant and
						the local emerging small business that is the subject of the complaint written
						notice of the determination of the panel appointed pursuant to subsection
						3.
5. The Office may revoke the
						certification of a local emerging small business if the panel appointed pursuant
						to subsection 3 determines that the local emerging small business does not
						satisfy the criteria to be certified as a local emerging small business, as set
						forth in
						NRS
						231.1405 and
						231.14055
						and NAC 231.200.
Added to NAC by Office
							of Economic Dev. by R102-13, eff. 12-23-2013
NRS
								231.1408
Nevada Administrative Code › Chapter 231 - Economic Development and Tourism › OFFICE OF ECONOMIC DEVELOPMENT › Local Emerging Small Businesses › Section 231.230 - Investigations by Office; revocation of certificate

Current through June 11, 2024
1. The
						Office may conduct investigations to determine whether a local emerging small
						business satisfies the criteria to be certified as a local emerging small
						business, as set forth in
						NRS
						231.1405 and
						231.14055
						and NAC 231.200.
2. The Office may
						revoke the certification of a local emerging small business if the Office
						determines that the local emerging small business does not satisfy the criteria
						to be certified as a local emerging small business, as set forth in
						NRS
						231.1405 and
						231.14055
						and NAC 231.200.
Added to NAC by Office
							of Economic Dev. by R102-13, eff. 12-23-2013
NRS
								231.1408
Nevada Administrative Code › Chapter 231 - Economic Development and Tourism › OFFICE OF ECONOMIC DEVELOPMENT › Local Emerging Small Businesses › Section 231.235 - Submission of required reports: "Solicited to submit a bid or proposal" interpreted

Current through June 11, 2024
1. For the purposes
						of the reports required to be submitted to the Office pursuant to
						NRS
						332.201,
						333.177
						and
						338.1427,
						the Office interprets the term "solicited to submit a bid or proposal" to mean
						issuing an invitation to participate in a bid or proposal for a local purchasing
						contract, state purchasing contract or contract for a public work, as
						applicable.
2. As used in this
						section, "contract for a public work" means a written contract between a
						contractor and a public body for the provision of labor, materials, equipment or
						supplies for a public work and a written contract between a design professional
						and a public body who is not a member of a design-build team for the provision of
						services in connection with a public work. As used in this subsection,
						"contractor," "design-build team," "design professional," "public body" and
						"public work" have the meanings ascribed to them in
						NRS 338.010.
Added to NAC by Office
							of Economic Dev. by R102-13, eff. 12-23-2013
NRS
								231.1408
Nevada Administrative Code › Chapter 231 - Economic Development and Tourism › OFFICE OF ECONOMIC DEVELOPMENT › Local Emerging Small Businesses › Section 231.240 - Office to meet with authorized representatives to establish and achieve certain goals

Current through June 11, 2024
1. The Office will
						meet with authorized representatives of the Purchasing Division of the Department
						of Administration and the State Public Works Division of the Department of
						Administration to receive input and provide advice concerning the establishment
						and achievement of the goals required to be established pursuant to subsection 1
						of
						NRS
						231.1407.
2. The Office will meet with authorized
						representatives of the governing body of each local government in a county whose
						population is 100,000 or more to receive input and provide advice concerning the
						establishment and achievement of goals for the award of local purchasing
						contracts and contracts for public works of the local government to local
						emerging small businesses.
Added to NAC by Office
							of Economic Dev. by R102-13, eff. 12-23-2013
NRS
								231.1408
Nevada Administrative Code › Chapter 231 - Economic Development and Tourism › OFFICE OF ECONOMIC DEVELOPMENT › Program of Training for Employees of Business › Section 231.300 - "Business" construed

Current through June 11, 2024
For the purposes of
							NRS
							231.141 to
							231.152,
							inclusive, and NAC 231.300 to 231.330, inclusive, the term "business" includes,
							without limitation, an entity which:
1.
						Has registered with the Office of Secretary of State as a nonprofit corporation
						pursuant to chapter 82 of NRS or which has received a certificate of authority
						from the Commissioner of Insurance pursuant to chapter 695B of NRS;
2. Is exempt from federal income tax pursuant
						to
						26 U.S.C.
						§
										501; and
3. Engages in an activity that is consistent
						with the State Plan for Economic Development.
Added to NAC
							by Office of Economic Dev. by
							R113-16AP,
							eff. 6/26/2018
NRS
							231.152
Nevada Administrative Code › Chapter 231 - Economic Development and Tourism › OFFICE OF ECONOMIC DEVELOPMENT › Program of Training for Employees of Business › Section 231.305 - Application for approval of program of workforce recruitment, assessment and training; addition of approved applicant to list of authorized providers; update of information if changes to program

Current through June 11, 2024
1. A person who
						wishes to provide a program of workforce recruitment, assessment and training may
						apply to the Office for approval of the program pursuant to
						NRS
						231.1467. In addition to the information
						required to be included in the application pursuant to
						NRS
						231.1467, the application must include:
(a) The electronic mail address of the
						applicant;
(b) The primary economic
						sector that will be served by the program for which the applicant is seeking
						approval;
(c) A statement
						demonstrating the past performance of the applicant in providing workforce
						development programs, including, without limitation:
(1) The number and type of credentials and
						certifications issued by workforce development programs provided by the
						applicant; and
(2) The number of
						businesses successfully served by workforce development programs provided by the
						applicant;
(d) A proposed
						plan for the provision of the program for which the applicant is seeking approval
						on a statewide basis;
(e) A list of
						existing equipment or facilities that will be used by the program for which the
						applicant is seeking approval;
(f)
						The industries that will be developed by the program for which the applicant is
						seeking approval;
(g) A proposed
						payment schedule for the program for which the applicant is seeking
						approval;
(h) A projection of the
						number of primary jobs that will be served by the program for which the applicant
						is seeking approval and the wages for those jobs;
(i) A projection of the amount of capital
						investment in this State that is associated with primary jobs served by the
						program for which the applicant is seeking approval;
(j) For each business to be served by the
						program for which the applicant is seeking approval, a statement of the amount of
						materials used to create the products of that business that are produced or
						bought in this State;
(k) Evidence
						satisfactory to the Office that the program is consistent with the unified state
						plan submitted by the Governor to the Secretary of Labor pursuant to
						29 U.S.C. §
											3112; and
(l) Any other information requested by the
						Executive Director.
Nevada Administrative Code › Chapter 231 - Economic Development and Tourism › OFFICE OF ECONOMIC DEVELOPMENT › Program of Training for Employees of Business › Section 231.310 - Preapplication by business for participation in program; approval, modification or denial; criteria for approval

Current through June 11, 2024
1. A person who
						operates or will operate a business in this State may apply to the Office to
						participate in a program of workforce recruitment, assessment and training
						provided pursuant to
						NRS
						231.1467. To apply to participate in such a
						program, the person must submit a preapplication to the Office on a form
						prescribed by the Executive Director. A preapplication must include:
(a) A description of the program, including,
						without limitation, the skills proposed to be taught through the
						program;
(b) A projection of the
						number of primary jobs to be created by the business of the applicant and the
						wages and benefits for those primary jobs;
(c) A projection of the amount of the capital
						investment that will be made in this State by the business of the
						applicant;
(d) A statement explaining
						the relevance and impact of the business of the applicant on the economic sectors
						that are targeted by the State Plan for Economic Development;
(e) A statement of the amount of materials used
						to create the products of the applicant's business that are produced or bought in
						this State;
(f) Evidence satisfactory
						to the Office that the program is consistent with the unified state plan
						submitted by the Governor to the Secretary of Labor pursuant to
						29 U.S.C. §
											3112;
(g) A plan to develop and implement a workforce
						diversity action plan; and
(h) Any
						other information deemed necessary by the Executive Director.
Nevada Administrative Code › Chapter 231 - Economic Development and Tourism › OFFICE OF ECONOMIC DEVELOPMENT › Program of Training for Employees of Business › Section 231.315 - Allocation, grant or loan of money to defray cost of program: Request by authorized provider or local governing body; considerations for approval or denial; priority for distributions

Current through June 11, 2024
1. If, pursuant to
						subsection 5 of
						NRS
						231.1467, an authorized provider that provides
						a program of workforce recruitment, assessment and training approved by the
						Office pursuant to
						NRS
						231.1467 or the governing body of a local
						government within the jurisdiction of which the authorized provider will provide
						the program is requesting an allocation, grant or loan of money in an amount of
						$100,000 or less, within 45 days after receipt of the application submitted by
						the authorized provider or governing body, as applicable, the Executive Director
						must:
(a) Review the application in consultation
						with the Nevada System of Higher Education, the Department of Employment,
						Training and Rehabilitation, the Department of Education and any other person or
						governmental entity which the Executive Director determines is appropriate to
						consult; and
(b) Approve, modify or
						deny the application.
Nevada Administrative Code › Chapter 231 - Economic Development and Tourism › OFFICE OF ECONOMIC DEVELOPMENT › Program of Training for Employees of Business › Section 231.320 - Allocation, grant or loan of money to defray cost of program: Recipient must not use money to supplant money otherwise available; requirement to purchase equipment from Nevada System of Higher Education; acceptance of liability for equipment

Current through June 11, 2024
1. Any recipient of an allocation, grant or
						loan of money approved pursuant to subsection 6 of NRS 231.1467 and NAC 231.315
						must not use the allocation, grant or loan of money to supplant money received
						from another federal, state or other public or private entity that would
						otherwise be used in the absence of the allocation, grant or loan of
						money.
2. Any equipment purchased by
						the recipient of an allocation, grant or loan of money approved pursuant to
						subsection 6 of NRS 231.1467 and NAC 231.315 must be purchased from the Nevada
						System of Higher Education. If the authorized provider is a private for-profit or
						nonprofit entity, at the conclusion of the program provided by the authorized
						provider, the authorized provider must return any equipment to the Nevada System
						of Higher Education if the System requests the return of the equipment and agrees
						to provide assistance in returning the equipment to the System
3. Any private for-profit or nonprofit entity
						that is an authorized provider and that purchases equipment from the Nevada
						System of Higher Education with an allocation, grant or loan of money approved
						pursuant to subsection 6 of NRS 231.1467 and NAC 231.315 must agree to accept all
						liability and hold harmless this State and the Nevada System of Higher Education
						for any claim resulting from the installation, maintenance or operation of any
						such equipment.
Added to NAC
							by Office of Economic Dev. by
							R113-16,
							eff. 6/26/2018
NRS
							231.152
Nevada Administrative Code › Chapter 231 - Economic Development and Tourism › OFFICE OF ECONOMIC DEVELOPMENT › Program of Training for Employees of Business › Section 231.323 - Allocation, grant or loan of money to defray cost of program: Quarterly reporting by authorized provider on progress of program; annual summary of reports; assistance by Office and Department of Employment, Training and Rehabilitation

Current through June 11, 2024
1. An authorized provider that receives an
						allocation, grant or loan of money approved pursuant to subsection 6 of NRS
						231.1467 and NAC 231.315 must submit a quarterly report to the Executive Director
						on the progress of the program of workforce recruitment, assessment and training,
						the cost of which was paid in whole or in part with the allocation, grant or loan
						of money. The report must include, without limitation:
(a) The number of persons who:
(1) Applied to participate in the
						program;
(2) Were accepted into the
						program; and
(3) Successfully
						completed the program;
Nevada Administrative Code › Chapter 231 - Economic Development and Tourism › OFFICE OF ECONOMIC DEVELOPMENT › Program of Training for Employees of Business › Section 231.327 - Allocation, grant or loan of money to defray cost of program: Authority of Executive Director to refuse to make disbursement; written notice of refusal; cure of noncompliance; requirement of recipient to refund

Current through June 11, 2024
1. If
						the Executive Director has reason to believe that a recipient is not using an
						allocation, grant or loan of money approved pursuant to subsection 6 of NRS
						231.1467 and NAC 231.315 in accordance with the agreement entered into by the
						recipient and the Office pursuant to NAC 231.070, the Office may refuse to make a
						disbursement from the allocation, grant or loan to the recipient.
2. If, pursuant to subsection 1, the Executive
						Director refuses to make a disbursement from an allocation, grant or loan of
						money, the Executive Director must provide written notice of the refusal to the
						recipient of the allocation, grant or loan. The notice must set forth the reasons
						that the Executive Director found the recipient not to be in compliance with the
						agreement entered into by the recipient and the Office pursuant to NAC
						231.070.
3. After receiving a written
						notice pursuant to subsection 2, the recipient must:
(a) Within 30 days after receipt of the notice,
						cure all areas of noncompliance and notify the Executive Director that it has
						cured such noncompliance; or
(b)
						Provide information to the Executive Director detailing the recipient's
						compliance with the agreement entered into by the recipient and the
						Office.
Nevada Administrative Code › Chapter 231 - Economic Development and Tourism › OFFICE OF ECONOMIC DEVELOPMENT › Program of Training for Employees of Business › Section 231.330 - Exclusion of persons from program based upon nonmembership in labor organization prohibited

Current through June 11, 2024
A person must not be denied the opportunity to participate in a
							program of workforce recruitment, assessment and training approved by the Office
							pursuant to
							NRS
							231.1467 because of nonmembership in a labor
							organization, nor shall an authorized provider enter into any agreement, written
							or oral, which excludes any person from participating in such a program because
							of nonmembership in a labor organization.
Added to NAC
							by Office of Economic Dev. by
							R113-16,
							eff. 6/26/2018
NRS
							231.152
Nevada Administrative Code › Chapter 231 - Economic Development and Tourism › OFFICE OF ECONOMIC DEVELOPMENT › Transferable Tax Credits to Promote Economic Development › Section 231.350 - Definitions

Current through June 11, 2024
As used in NAC 231.350 to 231.385, inclusive, unless the
							context otherwise requires, the words and terms defined in NAC 231.355 to
							231.367, inclusive, have the meanings ascribed to them in those
							sections.
Added to NAC
							by Office of Economic Dev. by
							R159-16,
							eff. 6/26/2018
NRS
							231.053,
							231.1555
Nevada Administrative Code › Chapter 231 - Economic Development and Tourism › OFFICE OF ECONOMIC DEVELOPMENT › Transferable Tax Credits to Promote Economic Development › Section 231.355 - "Certified entity" defined

Current through June 11, 2024
"Certified entity" means a person who has been granted a
							certificate of eligibility for transferable tax credits by the
							Office.
Added to NAC
							by Office of Economic Dev. by
							R159-16,
							eff. 6/26/2018
NRS
							231.053,
							231.1555
Nevada Administrative Code › Chapter 231 - Economic Development and Tourism › OFFICE OF ECONOMIC DEVELOPMENT › Transferable Tax Credits to Promote Economic Development › Section 231.360 - "New primary job" defined

Current through June 11, 2024
"New primary job" means a primary job which was created more
							than 3 months before a date agreed upon by the Office and a certified entity and
							for which an employee has been employed for at least 3 consecutive months before
							the date agreed upon by the Office and the certified entity.
Added to NAC
							by Office of Economic Dev. by
							R159-16,
							eff. 6/26/2018
NRS
							231.053,
							231.1555
Nevada Administrative Code › Chapter 231 - Economic Development and Tourism › OFFICE OF ECONOMIC DEVELOPMENT › Transferable Tax Credits to Promote Economic Development › Section 231.363 - "Primary job" defined

Current through June 11, 2024
"Primary job" means a permanent position of employment at a
							physical location of a certified entity in this State if:
1. The employee filling that position works an
						average of at least 30 hours per week; and
2. Not less than half of the revenue generated
						at that location is derived from exports to locations outside of this
						State.
Added to NAC
							by Office of Economic Dev. byR159-16,
							eff. 6/26/2018
NRS
							231.053,
							231.1555
Nevada Administrative Code › Chapter 231 - Economic Development and Tourism › OFFICE OF ECONOMIC DEVELOPMENT › Transferable Tax Credits to Promote Economic Development › Section 231.367 - "Transferable tax credit" defined

Current through June 11, 2024
"Transferable tax credit" means a transferable tax credit
							issued pursuant to
							NRS
							231.1555.
Added to NAC
							by Office of Economic Dev. by
							R159-16,
							eff. 6/26/2018
NRS
							231.053,
							231.1555
Nevada Administrative Code › Chapter 231 - Economic Development and Tourism › OFFICE OF ECONOMIC DEVELOPMENT › Transferable Tax Credits to Promote Economic Development › Section 231.372 - Application for certificate of eligibility; assistance by Office and Executive Director; determination on application

Current through June 11, 2024
1. A person who
						wishes to apply for a certificate of eligibility for transferable tax credits
						pursuant to
						NRS
						231.1555 must submit an application to the
						Office on a form prescribed by the Executive Director. The application must
						include, without limitation:
(a) A summary of
						the proposed expansion or relocation of the business that will expand or relocate
						in this State;
(b) Evidence that the
						business that will expand or relocate in this State has the financial ability to
						implement its plan to expand or relocate in this State;
(c) A statement of the reasons that the
						granting of the certificate of eligibility will promote the economic development
						of this State and aid the implementation of the State Plan for Economic
						Development;
(d) A projection of the
						number of primary jobs that will be created as a result of the granting of the
						certificate of eligibility;
(e) A
						projection of the amount of the capital investment that will be made in this
						State as a result of the granting of the certificate of eligibility;
(f) An estimate of the economic impact of the
						granting of the certificate of eligibility, including, without limitation, an
						estimate of the tax revenue that will be generated as a result of the granting of
						the certificate of eligibility; and
(g) Any other information deemed necessary by
						the Executive Director.
Nevada Administrative Code › Chapter 231 - Economic Development and Tourism › OFFICE OF ECONOMIC DEVELOPMENT › Transferable Tax Credits to Promote Economic Development › Section 231.375 - Agreement with certified entity upon approval of application

Current through June 11, 2024
If an application for a certificate of eligibility for
							transferable tax credits submitted pursuant to NAC 231.372 is approved, the
							Office will enter into an agreement with the certified entity. Such an agreement
							must include, without limitation:
1. The
						number of primary jobs that the certified entity must create to be awarded
						transferable tax credits;
2. The
						average wage that the certified entity must pay to be awarded transferable tax
						credits;
3. A requirement that the
						certified entity offer health insurance to the person who holds each primary job
						created by the entity;
4. A schedule
						for the disbursement of transferable tax credits based on the certified entity
						meeting targets set forth in the agreement for the creation of primary
						jobs;
5. The consent of the certified
						entity to the public disclosure of:
(a) The
						legal name of the company operating the business of the certified entity for
						which transferable tax credits may be awarded;
(b) The amount of transferable tax credits
						requested by the certified entity;
(c) The requirements that the certified entity
						must satisfy to be awarded transferable tax credits; and
(d) Except as otherwise provided in
						NRS
						231.069, the following information:
(1) Any plan for the location or expansion in
						this State of the business of the certified entity;
(2) A project or program of the certified
						entity for which the transferable tax credits will be used; and
(3) Any other information related to the
						location or expansion in this State of the business of the certified
						entity;
Nevada Administrative Code › Chapter 231 - Economic Development and Tourism › OFFICE OF ECONOMIC DEVELOPMENT › Transferable Tax Credits to Promote Economic Development › Section 231.380 - Investigation of certified entity to determine compliance with agreement

Current through June 11, 2024
At the direction of the Executive Director, the Office may
							conduct an investigation of a certified entity to determine whether the certified
							entity is creating new primary jobs in accordance with the agreement entered into
							by the Office and the certified entity pursuant to NAC 231.375.
Added to NAC
							by Comm'n on Econ. Development by
							R159-16,
							eff. 6/26/2018
NRS
							231.053,
							231.1555
Nevada Administrative Code › Chapter 231 - Economic Development and Tourism › OFFICE OF ECONOMIC DEVELOPMENT › Transferable Tax Credits to Promote Economic Development › Section 231.385 - Grounds for determination certified entity not in compliance with, and in default on, agreement

Current through June 11, 2024
The Office may find that a certified entity is not in
							compliance with, and in default on, an agreement entered into with the Office
							pursuant to NAC 231.375 if the certified entity:
1. Fails to locate, initiate construction or
						commence operations in this State in accordance with the terms of the
						agreement;
2. Fails to create the
						minimum number of primary jobs required by the agreement;
3. Applies for or receives a tax abatement or
						incentive, other than a tax abatement provided pursuant to
						NRS
						361.4722 or the transferable tax credits
						authorized by the agreement, from an agency or political subdivision of this
						State and the tax abatement or incentive was not identified on the application
						for a certificate of eligibility for transferable tax credits submitted to the
						Office pursuant to NAC 231.372; or
4.
						Has been convicted of any crime or found guilty of any malfeasance by a court of
						competent jurisdiction.
Added to NAC
							by Office of Economic Dev. by
							R159-16,
							eff. 6/26/2018
NRS
							231.053,
							231.1555
Nevada Administrative Code › Chapter 231 - Economic Development and Tourism › OFFICE OF ECONOMIC DEVELOPMENT › Catalyst Account › Section 231.400 - Definitions

Current through June 11, 2024
As used in NAC 231.400 to 231.450, inclusive, unless the
							context otherwise requires, the words and terms defined in NAC 231.405 to
							231.422, inclusive, have the meanings ascribed to them in those
							sections.
Added to NAC
							by Office of Economic Dev. by
							R159-16,
							eff. 6/26/2018
NRS
							231.053,
							231.1577
Nevada Administrative Code › Chapter 231 - Economic Development and Tourism › OFFICE OF ECONOMIC DEVELOPMENT › Catalyst Account › Section 231.405 - ''Catalyst Account" defined

Current through June 11, 2024
"Catalyst Account" means the Catalyst Account created by
							NRS
							231.1573.
Added to NAC
							by Office of Economic Dev. by
							R159-16,
							eff. 6/26/2018
NRS
							231.053,
							231.1577
Nevada Administrative Code › Chapter 231 - Economic Development and Tourism › OFFICE OF ECONOMIC DEVELOPMENT › Catalyst Account › Section 231.407 - "Catalyst Account disbursement"

Current through June 11, 2024
"Catalyst Account disbursement" means a disbursement of money
							made to a business from a grant or loan of money made to a sponsoring
							municipality from the Catalyst Account pursuant to
							NRS
							231.1577.
Added to NAC
							by Office of Economic Dev. by
							R159-16,
							eff. 6/26/2018
NRS
							231.053,
							231.1577
Nevada Administrative Code › Chapter 231 - Economic Development and Tourism › OFFICE OF ECONOMIC DEVELOPMENT › Catalyst Account › Section 231.415 - "New primary job" defined

Current through June 11, 2024
"New primary job" means a primary job which was created more
							than 3 months before a date agreed upon by a sponsoring municipality and a
							business receiving a Catalyst Account disbursement and for which an employee has
							been employed for at least 3 consecutive months before that
							date.
Added to NAC
							by Office of Economic Dev. by
							R159-16,
							eff. 6/26/2018
NRS
							231.053,
							231.1577
Nevada Administrative Code › Chapter 231 - Economic Development and Tourism › OFFICE OF ECONOMIC DEVELOPMENT › Catalyst Account › Section 231.418 - "Primary job" defined

Current through June 11, 2024
"Primary job" means a permanent position of employment at a
							physical location of a business in this State if:
1. The employee filling that position works an
						average of at least 30 hours per week; and
2. Not less than half of the revenue generated
						at that location is derived from exports to locations outside of this
						State.
Added to NAC
							by Office of Economic Dev. by
							R159-16,
							eff. 6/26/2018
NRS
							231.053,
							231.1577
Nevada Administrative Code › Chapter 231 - Economic Development and Tourism › OFFICE OF ECONOMIC DEVELOPMENT › Catalyst Account › Section 231.422 - "Sponsoring municipality" defined

Current through June 11, 2024
"Sponsoring municipality" means the county or incorporated city
							in this State approved by the Office to receive a grant or loan of money from the
							Catalyst Account.
Added to NAC
							by Office of Economic Dev. by
							R159-16,
							eff. 6/26/2018
NRS
							231.053,
							231.1577
Nevada Administrative Code › Chapter 231 - Economic Development and Tourism › OFFICE OF ECONOMIC DEVELOPMENT › Catalyst Account › Section 231.430 - Application for grant or loan from Account; assistance by Office and Executive Director; determination on application

Current through June 11, 2024
1. A county or
						incorporated city that wishes to apply for a grant or loan from the Catalyst
						Account must submit an application to the Office on a form prescribed by the
						Executive Director. The application must include, without limitation:
(a) The information required by paragraph (a)
						of subsection 1 of
						NRS
						231.1577;
(b) A summary of the proposed expansion or
						relocation of any business that will expand or relocate in this State as a result
						of the grant or loan from the Catalyst Account;
(c) Evidence that any business that will expand
						or relocate in this State as a result of the grant or loan from the Catalyst
						Account has the financial ability to implement its plan to expand or relocate in
						this State;
(d) A statement of the
						reasons that the proposed use of the grant or loan from the Catalyst Account will
						promote the economic development of this State and aid the implementation of the
						State Plan for Economic Development;
(e) A projection of the number of primary jobs
						that will be created as a result of the grant or loan from the Catalyst
						Account;
(f) A projection of the
						amount of the capital investment that will be made in this State as a result of
						the grant or loan from the Catalyst Account;
(g) An estimate of the economic impact of the
						grant or loan from the Catalyst Account, including, without limitation, an
						estimate of the tax revenue that will be generated as a result of the grant or
						loan from the Catalyst Account; and
(h) Any other information deemed necessary by
						the Executive Director.
Nevada Administrative Code › Chapter 231 - Economic Development and Tourism › OFFICE OF ECONOMIC DEVELOPMENT › Catalyst Account › Section 231.435 - Agreement between Office and sponsoring municipality upon approval of application

Current through June 11, 2024
If an application submitted pursuant to NAC 231.430 is
							approved, the Office will enter into an agreement with the sponsoring
							municipality. Such an agreement must:
1.
						Require the sponsoring municipality to:
(a)
						Enter into a written agreement with each business to which the sponsoring
						municipality will provide a Catalyst Account disbursement before the Office makes
						a grant or loan of money from the Catalyst Account to the sponsoring
						municipality; and
(b) Within 60 days
						after the end of any period for which the Office is authorized to make a grant or
						loan of money from the Catalyst Account to the sponsoring municipality, submit a
						report to the Executive Director, which must include, without limitation:
(1) The number of new primary jobs created
						during the period as a result of each agreement entered into by the sponsoring
						municipality and a business to which the sponsoring municipality may provide a
						Catalyst Account disbursement;
(2)
						The average annual wage of the new primary jobs identified in the report pursuant
						to subparagraph (1);
(3) A statement
						as to whether the number of new primary jobs and average annual wage identified
						in the report pursuant to subparagraphs (1) and (2) satisfy the requirements of
						the agreement entered into by the sponsoring municipality and the business to
						which the sponsoring municipality may provide a Catalyst Account
						disbursement;
(4) Evidence that a
						business to which the sponsoring municipality may provide a Catalyst Account
						disbursement offers health insurance to the person who holds each new primary
						job;
(5) The amount of capital
						investment made by the business during the period covered by the
						report;
(6) A statement of the return
						on investment for the Catalyst Account disbursement, based on the information
						provided pursuant to subparagraphs (1), (2) and (5);
(7) A statement, including any supporting
						documentation, explaining the benefit to the public from the project that
						utilized a Catalyst Account disbursement; and
(8) Any other information deemed necessary by
						the Executive Director;
Nevada Administrative Code › Chapter 231 - Economic Development and Tourism › OFFICE OF ECONOMIC DEVELOPMENT › Catalyst Account › Section 231.438 - Agreement between sponsoring municipality and business receiving disbursement from Account; accrual of interest to Account if agreement becomes void

Current through June 11, 2024
1. An agreement entered into by a sponsoring
						municipality and a business receiving a Catalyst Account disbursement pursuant to
						paragraph (a) of subsection 1 of NAC 231.435 must provide that:
(a) If the Executive Director determines that a
						business is not in compliance with that agreement, the sponsoring municipality
						must provide:
(1) Notice to the business of its
						intention to void the agreement; and
(2) Thirty days to cure such
						noncompliance.
Nevada Administrative Code › Chapter 231 - Economic Development and Tourism › OFFICE OF ECONOMIC DEVELOPMENT › Catalyst Account › Section 231.440 - Conditions for disbursement of grant or loan of money from Account

Current through June 11, 2024
The Office will not make a grant or loan of money from the
							Catalyst Account to a sponsoring municipality until the sponsoring municipality
							has:
1. Entered into an agreement with
						the Office pursuant to NAC 231.435;
2. Submitted the report required pursuant to
						paragraph (b) of subsection 1 of NAC 231.435 for the period for which the Office
						will make the grant or loan of money from the Catalyst Account;
3. Provided confirmation to the Office that a
						business receiving a Catalyst Account disbursement is not in default, breach or
						noncompliance with the agreement entered into by the sponsoring municipality and
						the business pursuant to paragraph (a) of subsection 1 of NAC 231.435;
						and
4. Provided confirmation to the
						Office that the sponsoring municipality has no knowledge of any circumstances
						that indicate a business receiving money derived from the Catalyst Account
						disbursement is in danger of being unable to satisfy the requirements of the
						agreement entered into by the sponsoring municipality and the business pursuant
						to paragraph (a) of subsection 1 of NAC 231.435.
Added to NAC
							by Office of Economic Dev. by
							R159-16,
							eff. 6/26/2018
NRS 231.053,
							231.1555
Nevada Administrative Code › Chapter 231 - Economic Development and Tourism › OFFICE OF ECONOMIC DEVELOPMENT › Catalyst Account › Section 231.445 - Investigation of business receiving disbursement from Account to determine compliance with agreement; immediate notification of noncompliance to Executive Director

Current through June 11, 2024
1. At the direction
						of the Executive Director, a sponsoring municipality may conduct an investigation
						of a business receiving a Catalyst Account disbursement to determine whether the
						business is creating new primary jobs in accordance with an agreement entered
						into by the Office and the sponsoring municipality pursuant to NAC
						231.435.
2. After conducting an
						investigation pursuant to subsection 1, if a sponsoring municipality determines
						that a business receiving a Catalyst Account disbursement has provided false
						information or failed to create new primary jobs in accordance with the terms of
						the agreement entered into by the Office and the sponsoring municipality pursuant
						to NAC 231.435, the sponsoring municipality must immediately notify the Executive
						Director.
Added to NAC
							by Office of Economic Dev. by
							R159-16,
							eff. 6/26/2018
NRS 231.053,
							231.1555