NRS 268.552
Option to purchase.

1.

If the project is to be leased, the lease may grant the lessee an option to purchase all or a part of the project at a stipulated purchase price or prices or at a price or prices to be determined upon appraisal as provided in the lease.

2.

The option may be exercised at such time or times as the lease may provide.

3.

The city and the lessee may agree and provide in the lease that all or a part of the rentals paid by the lessee prior to and at the time of the exercise of such option shall be applied toward such purchase price and shall be in full or partial satisfaction thereof.

Source: Section 268.552 — Option to purchase., https://www.­leg.­state.­nv.­us/NRS/NRS-268.­html#NRS268Sec552.

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

§ 268.552’s source at nv​.us