NRS 278C.305
Administration of area created for purpose of carrying out undertaking identified in economic development financing agreement: Authority of Office of Economic Development and Director of Office

  • disposition of money collected from area
  • modification of agreement by Director.

1.

Notwithstanding any provision of this chapter to the contrary, if the governing body submits to the Office of Economic Development an economic development financing proposal described in NRS 360.989 and the Office approves the proposal and an economic development financing agreement pursuant to NRS 360.990, any tax increment area which is or may be created for the purpose of carrying out the undertakings identified in the proposal must be administered as provided in the agreement.

2.

The economic development financing agreement may provide, without limitation, that:

(a)

The Office of Economic Development, the Executive Director of the Office or any designee of either is authorized or required to perform any function or duty that under the provisions of this chapter would otherwise be performed by the municipality, the governing body or any officer or employee of the municipality.

(b)

Any money collected pursuant to this chapter must be paid, collected, deposited, distributed or remitted as provided in the agreement, notwithstanding any provision of this chapter to the contrary.

(c)

It may be modified at any time by the Executive Director of the Office of Economic Development, in the exercise of his or her discretion and upon approval of the Board of Economic Development.

Source: Section 278C.305 — Administration of area created for purpose of carrying out undertaking identified in economic development financing agreement: Authority of Office of Economic Development and Director of Office; disposition of money collected from area; modification of agreement by Director., https://www.­leg.­state.­nv.­us/NRS/NRS-278C.­html#NRS278CSec305.

278C.010
Definitions. 278C.015
“Bond requirements” defined. 278C.020
“Clerk” defined. 278C.030
“Cost of the undertaking” defined. 278C.040
“County” defined. 278C.050
“Engineer” defined. 278C.060
“Governing body” defined. 278C.070
“Municipality” defined. 278C.075
“Natural resources project” defined. 278C.080
“Newspaper” defined. 278C.090
“Posting” defined. 278C.100
“Publication” and “publish” defined. 278C.105
“Rail project” defined. 278C.110
“Specially benefited zone” defined. 278C.120
“Tax increment account” defined. 278C.130
“Tax increment area” defined. 278C.140
“Undertaking” defined. 278C.150
Designation of area 278C.155
Creation by cooperative agreement between Nevada System of Higher Education and city in which principal campus of Nevada State College is located or intended to be located. 278C.157
Creation for purpose of certain rail projects or natural resources project 278C.159
Agreement between municipalities for ordering undertaking and creating tax increment area 278C.160
Provisional order: Procedure. 278C.170
Provisional order: Meeting 278C.180
List of residents, retailers and employers within proposed area 278C.190
Verification of posting of notice. 278C.200
Publication of notice 278C.210
Actions at hearing 278C.220
Procedure after hearing 278C.230
Amendment of ordinance creating area 278C.240
Applicability to undertaking of provisions governing payment of prevailing wage. 278C.250
Allocation, division and disposition of money from taxes 278C.260
Limitation upon revenue from taxes ad valorem not applicable. 278C.270
Appeal from adverse order. 278C.280
Securities: Issuance 278C.290
Maturation and payment of securities. 278C.300
Expiration of area. 278C.305
Administration of area created for purpose of carrying out undertaking identified in economic development financing agreement: Authority of Office of Economic Development and Director of Office 278C.310
Effect of chapter.
Last Updated

Feb. 5, 2021

§ 278C.305’s source at nv​.us