NRS 268.524
Legislative intent.


It is the intent of the Legislature to authorize cities to finance, acquire, own, lease, improve and dispose of properties to:

1.

Promote industry and employment and develop trade by inducing manufacturing, industrial, warehousing and other commercial 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 city 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 social welfare of the residents of the city by enabling corporations for public benefit to acquire, develop, expand and maintain facilities that provide services for those residents.

6.

Promote the social welfare of the residents of the city by financing the acquisition, development, construction, improvement, expansion and maintenance of affordable housing in the city.

Source: Section 268.524 — Legislative intent., https://www.­leg.­state.­nv.­us/NRS/NRS-268.­html#NRS268Sec524.

268.512
Short title.
268.514
Definitions.
268.515
“Affordable housing” defined.
268.516
“Bonds” and “revenue bonds” defined.
268.517
“Finance” and “financing” defined.
268.518
“Governing body” defined.
268.519
“Health and care facility” defined.
268.520
“Mortgage” defined.
268.521
“Obligor” defined.
268.522
“Project” defined.
268.523
“Warehousing” defined.
268.524
Legislative intent.
268.525
Exercise of powers by city
268.526
General powers.
268.527
Restrictions on powers of city.
268.528
Notice and public hearing by governing body.
268.530
Determinations required of governing body after public hearing
268.532
Bonds to be special obligations.
268.534
Bonds: Form
268.536
Security.
268.538
Terms of resolution and instruments.
268.539
Issuance by Director of Department of Business and Industry of bonds for governing body as special obligations of State.
268.540
Investments and bank deposits.
268.542
Construction of project.
268.544
Limitation on city’s obligation.
268.546
Rights upon default.
268.548
Determination of costs of financing.
268.550
Lease, sale or financing of project.
268.552
Option to purchase.
268.554
Refunding.
268.556
Application of proceeds
268.558
Payment by city prohibited
268.560
Operation by city prohibited.
268.562
City’s property exempt from taxation
268.564
Eminent domain not available.
268.566
Limitation of actions.
268.5165
“Corporation for public benefit” defined.
268.5171
“Financing agreement” defined.
268.5215
“Pollution” defined.
268.5225
“Revenues” defined.
268.5227
“Supplemental facility for a health and care facility” defined.
268.5385
Issuance by governing body of city of bonds for project for affordable housing or residential housing for corporation for public benefit: Requirements.
Last Updated

Feb. 5, 2021

§ 268.524’s source at nv​.us