NRS 279.438
Termination of redevelopment plan adopted before January 1, 1991, and amendments to plan

  • extension of plan.

1.

A redevelopment plan adopted before January 1, 1991, and any amendments to the plan must terminate at the end of the fiscal year in which the principal and interest of the last maturing of the securities issued before that date concerning the redevelopment area are fully paid or:

(a)

With respect to a redevelopment plan adopted by the agency of a city whose population is 220,000 or more located in a county whose population is 100,000 or more but less than 700,000, if the legislative body adopts an extension of the redevelopment plan by ordinance, 60 years after the date on which the original redevelopment plan was adopted, whichever is later. Such an extension of a redevelopment plan has no effect on the allocation of revenues among taxing authorities within such a redevelopment area.

(b)

With respect to a redevelopment plan adopted by the agency of a city whose population is 500,000 or more, if the requirements set forth in subsection 2 are met, 60 years after the date on which the original redevelopment plan was adopted, whichever is later.

(c)

With respect to any other redevelopment plan, including a redevelopment plan adopted by an agency of a city specified in paragraph (a) or (b), if the requirements set forth in paragraph (a) or (b) are not met, 45 years after the date on which the original redevelopment plan was adopted, whichever is later.

2.

A redevelopment plan adopted by an agency of a city whose population is 500,000 or more may terminate on the date prescribed by paragraph (b) of subsection 1 only if the legislative body adopts an extension of the redevelopment plan by ordinance and, on the date on which the extension is adopted:
(a) The assessed value of the aggregate number of redevelopment projects in the redevelopment area is not less than the assessed value of the aggregate number of redevelopment projects in the year in which the redevelopment plan was adopted; and

(b)

The assessed value of the redevelopment area is not less than 75 percent of the assessed value of the redevelopment area in the year in which the redevelopment plan was adopted.

Source: Section 279.438 — Termination of redevelopment plan adopted before January 1, 1991, and amendments to plan; extension of plan., https://www.­leg.­state.­nv.­us/NRS/NRS-279.­html#NRS279Sec438.

279.426
Agency for redevelopment: Creation.
279.428
Resolution of legislative body as prerequisite to functioning of agency.
279.430
Authority of agency conclusively presumed from resolution.
279.432
Powers of public bodies in aid of local redevelopment.
279.434
Exemption of agency and property from execution, process or lien
279.436
Suspension of agency’s authority.
279.438
Termination of redevelopment plan adopted before January 1, 1991, and amendments to plan
279.439
Termination of redevelopment plan adopted on or after January 1, 1991, and amendments to plan.
279.440
Appointment of members
279.442
Restriction on appointment of members.
279.443
Alternative method of appointment of members
279.444
Action of legislative body as alternative to appointment of members
279.446
Terms of office of members
279.448
Chair: Designation
279.450
Compensation and expenses of members.
279.452
Removal of member: Grounds
279.454
Interest in property included in redevelopment area forbidden
279.456
Acquisition of property by agency from member or officer by eminent domain.
279.458
Agency’s power vested in members.
279.460
Agency’s governmental functions
279.462
Powers of agency.
279.464
Services and facilities available to agency.
279.466
Personnel: Selection
279.468
Preparation of plans for blighted areas
279.470
Acquisition, management, disposal and encumbrance of interests in real and personal property
279.471
Requirements for agency to exercise power of eminent domain
279.472
Leases or sales: Public hearing.
279.474
Development of building sites.
279.476
Rehousing bureau.
279.478
Assistance for relocation.
279.480
Investments.
279.482
Imposition of conditions on lessees and purchasers
279.484
Breach of covenants running with the land.
279.486
Purchase and construction of certain buildings, facilities and improvements
279.488
Continuation of existing buildings on land
279.490
Financial assistance from governmental and private sources.
279.492
Eminent domain: Existing public use
279.494
Territorial jurisdiction: Counties
279.496
Property owned in redevelopment project: Payment of money in lieu of taxes.
279.498
Work exceeding $10,000 requires competitive bidding.
279.500
Applicability of provisions governing payment of prevailing wage for public works projects.
279.508
Joint exercise of powers by two or more agencies: Authority
279.510
Joint exercise of powers by two or more agencies: Designated agency to obtain report and recommendation of planning commissions concerning conformity of redevelopment plan to community’s master or general plan.
279.512
Joint exercise of powers by two or more agencies: Designated agency’s cooperation with planning commissions in formulating redevelopment plans.
279.514
Redevelopment of area within another community’s territory.
279.4712
Prerequisites to agency exercising power of eminent domain
279.4714
Prerequisite to request that agency exercise power of eminent domain.
Last Updated

Feb. 5, 2021

§ 279.438’s source at nv​.us