NRS 274.270
Investigation by governing body of proposal by business to participate in benefits of zone

  • requirements for hiring certain employees
  • review of compliance with agreement
  • filing of information.

1.

The governing body shall investigate the proposal made by a business pursuant to NRS 274.260, and if it finds that the business is qualified by financial responsibility and business experience to create and preserve employment opportunities in the specially benefited zone and improve the economic climate of the municipality and finds further that the business did not relocate from a depressed area in this State or reduce employment elsewhere in Nevada in order to expand in the specially benefited zone, the governing body may, on behalf of the municipality, enter into an agreement with the business, for a period of not more than 20 years, under which the business agrees in return for one or more of the benefits authorized in this chapter and NRS 374.643 for qualified businesses, as specified in the agreement, to establish, expand, renovate or occupy a place of business within the specially benefited zone and hire new employees at least 35 percent of whom at the time they are employed are at least one of the following:

(a)

Unemployed persons who have resided at least 6 months in the municipality.

(b)

Persons eligible for employment or job training under any federal program for employment and training who have resided at least 6 months in the municipality.

(c)

Recipients of benefits under any state or county program of public assistance, including, without limitation, temporary assistance for needy families, Medicaid and unemployment compensation who have resided at least 6 months in the municipality.

(d)

Persons with a physical or intellectual disability who have resided at least 6 months in the State.

(e)

Residents for at least 1 year of the area comprising the specially benefited zone.

2.

To determine whether a business is in compliance with an agreement, the governing body:

(a)

Shall each year require the business to file proof satisfactory to the governing body of its compliance with the agreement.

(b)

May conduct any necessary investigation into the affairs of the business and may inspect at any reasonable hour its place of business within the specially benefited zone.
Ê If the governing body determines that the business is in compliance with the agreement, it shall issue a certificate to that effect to the business. The certificate expires 1 year after the date of its issuance.

3.

The governing body shall file with the Administrator, the Department of Taxation and the Employment Security Division of the Department of Employment, Training and Rehabilitation a copy of each agreement, the information submitted under paragraph (a) of subsection 2 and the current certificate issued to the business under that subsection. The governing body shall immediately notify the Administrator, the Department of Taxation and the Employment Security Division of the Department of Employment, Training and Rehabilitation whenever the business is no longer certified.

Source: Section 274.270 — Investigation by governing body of proposal by business to participate in benefits of zone; requirements for hiring certain employees; review of compliance with agreement; filing of information., https://www.­leg.­state.­nv.­us/NRS/NRS-274.­html#NRS274Sec270.

274.010
Definitions.
274.020
“Administrator” defined.
274.030
“Depressed area” defined.
274.040
“Designating municipality” defined.
274.050
“Governing body” defined.
274.060
“Municipality” defined.
274.070
“Qualified business” defined.
274.080
“Zone” defined.
274.090
Administrator: Administration of chapter
274.100
Administrator: Duties.
274.110
Administrator: Procedure for review of state regulations.
274.120
Administrator: Adoption of regulations exempting certain businesses from state regulations.
274.130
Exemption of businesses by agency from its regulations
274.140
Exceptions to exemptions from regulations or ordinances.
274.150
Qualifications for zone.
274.160
Designation of area as zone
274.170
Contents of application to Governor for designation of area as zone.
274.180
Review of application by Administrator and Governor.
274.190
Criteria for designation of zone by Governor.
274.200
Certification of zone by Governor
274.210
Program for training and employment of residents in zone
274.220
Manager of zone: Appointment
274.230
Powers of designating municipality: Cooperation with federal, state and local governments
274.240
Powers of designating municipality: Issuing securities
274.250
Powers of designating municipality: Delegation of services to private organizations.
274.260
Proposal by business to participate in benefits of zone
274.270
Investigation by governing body of proposal by business to participate in benefits of zone
274.280
Procedure to amend ordinance designating zone.
274.290
Termination of zone.
274.300
Effect upon benefits if zone terminated or modified or benefits reduced or eliminated.
Last Updated

Feb. 5, 2021

§ 274.270’s source at nv​.us