NRS 274.300
Effect upon benefits if zone terminated or modified or benefits reduced or eliminated.

Where a specially benefited zone is terminated under NRS 274.290, or the length of the term or the area of a zone is reduced, or the benefits available in a zone are reduced or eliminated:

1.

All benefits previously extended within the zone pursuant to this chapter, or pursuant to any other law of this State providing benefits specifically to qualified businesses within specially benefited zones, remain in effect for the original stated term of the zone with respect to those qualified businesses operating within the zone on the effective date of the termination or amendment, except as provided in subsection 2.

2.

A qualified business which is proposed or which has proposed an expansion is entitled to the benefits previously applicable within the zone for the original stated term of the zone, if the business establishes that:

(a)

The proposed business or expansion has been committed to be located within the zone;

(b)

Substantial and binding financial obligations have been made towards the development of the business or the expansion; and

(c)

Those commitments have been made in reasonable reliance on the benefits and programs which were to have been applicable to the business by reason of the zone, including in the case of a reduction in the term of a zone, the original length of the term.
ABATEMENTS FOR BUSINESSES IN CERTAIN AREAS OF ECONOMIC DEVELOPMENT

Source: Section 274.300 — Effect upon benefits if zone terminated or modified or benefits reduced or eliminated., https://www.­leg.­state.­nv.­us/NRS/NRS-274.­html#NRS274Sec300.

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

§ 274.300’s source at nv​.us