NRS 244A.739
Payment and contribution by county prohibited

  • exceptions.

1.

Except as otherwise provided in this section, a county shall not pay out of its general fund or otherwise contribute any part of the costs of acquiring, improving and equipping a project.

2.

A county shall not use land already owned by the county, or in which the county has an equity interest for the construction of a project unless:

(a)

The land was specifically acquired for the purpose of a project;

(b)

The board determines that the land is no longer necessary for other purposes of the county; or

(c)

The land is conveyed to a nonprofit organization pursuant to NRS 244.287.

3.

The entire cost of acquiring, improving and equipping any project must be paid out of the proceeds from the sale of the bonds, but this provision does not prevent a county from accepting donations of property to be used as a part of any project or money to be used for defraying any part of the cost of any project, including the completion of the project by the lessee, purchaser or obligor without any cost or liability to the county.

Source: Section 244A.739 — Payment and contribution by county prohibited; exceptions., https://www.­leg.­state.­nv.­us/NRS/NRS-244A.­html#NRS244ASec739.

244A.669
Short title. 244A.671
Definitions. 244A.672
“Affordable housing” defined. 244A.673
“Board” defined. 244A.675
“Bonds” and “revenue bonds” defined. 244A.677
“Capacity” defined. 244A.678
“Corporation for public benefit” defined. 244A.679
“Finance” and “financing” defined. 244A.681
“Financing agreement” defined. 244A.682
“Health and care facility” defined. 244A.683
“Mortgage” defined. 244A.685
“Obligor” defined. 244A.687
“Pollution” defined. 244A.689
“Project” defined. 244A.691
“Revenues” defined. 244A.692
“Supplemental facility for a health and care facility” defined. 244A.693
“Warehousing” defined. 244A.695
Legislative intent. 244A.696
Exercise of powers by county 244A.697
General powers. 244A.698
Restrictions on powers of county. 244A.699
Power to sell capacity of project for generation and transmission of electricity and to charge for use of transmitting facilities 244A.701
Project for generation and transmission of electricity: Studies, surveys and options. 244A.702
Project for generation and transmission of electricity: Issuance of taxable bonds to acquire, improve or equip project. 244A.703
Project for generation and transmission of electricity: Sale and issuance of additional bonds. 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. 244A.707
Notice and public hearing by board of county commissioners. 244A.709
Details of proposed terms and conditions of transaction not required in notice. 244A.711
Determinations required of board of county commissioners after public hearing 244A.713
Bonds to be special obligations. 244A.715
Form and terms of bonds. 244A.717
Security. 244A.719
Terms of resolution and instruments. 244A.720
Issuance of bonds by Director of Department of Business and Industry as special obligations of State. 244A.721
Types of authorized investments 244A.723
Construction of project. 244A.725
Limitation on county’s obligation. 244A.727
Rights upon default. 244A.729
Determination of costs of financing. 244A.731
Lease, sale or financing of project. 244A.733
Option to purchase. 244A.735
Refunding. 244A.737
Application of proceeds 244A.739
Payment and contribution by county prohibited 244A.741
Operation by county prohibited. 244A.743
Project for generation and transmission of electricity: Legislative approval and determination of limit of capacity. 244A.745
Project for generation and transmission of electricity: Establishment, composition, powers and duties of committee to manage project. 244A.753
County’s property exempt from taxation 244A.755
Project for generation and transmission of electricity: Payment in lieu of taxes. 244A.757
Eminent domain not available 244A.759
Limitation of actions. 244A.761
Faith of State pledged against repeal, amendment or modification of County Economic Development Revenue Bond Law. 244A.763
County Economic Development Revenue Bond Law constitutes full authority for exercise of powers granted. 244A.6825
“Historic structure” defined. 244A.6975
Issuance of bonds for affordable housing or residential housing for corporation for public benefit.
Last Updated

Feb. 5, 2021

§ 244A.739’s source at nv​.us