NRS 349.565
Restrictions on Director’s powers.


1.

The Director may not, under NRS 349.400 to 349.670, inclusive:

(a)

Operate any manufacturing, industrial, warehousing or commercial enterprise or an organization for research and development or any health and care facility to which he or she provided assistance; or

(b)

Except as otherwise provided in subsection 2, assist any manufacturing, industrial, warehousing or commercial enterprise or an organization for research and development to locate in a county or city which would result in the abandonment or closure of an existing facility of a like nature located within that county or city, unless the existing facility is operated by the contemplated lessee, purchaser or other obligor or an affiliate of such a person and the facility is to be abandoned or closed because of obsolescence, lack of available labor or limitations at the site of the facility.

2.

The provisions of paragraph (b) of subsection 1 do not apply to:

(a)

Health and care facilities and supplemental facilities for a health and care facility;

(b)

Civic and cultural enterprises open to the general public;

(c)

Enterprises located in a redevelopment area created pursuant to chapter 279 of NRS;

(d)

Enterprises located in an area designated as an empowerment zone pursuant to sections 1391 to 1397, inclusive, of the Internal Revenue Code of 1986, 26 U.S.C. §§ 1391-97, future amendments to those sections and the corresponding provisions of future internal revenue laws;

(e)

Facilities established by a corporation for public benefit;

(f)

Enterprises whose products are substantially sold, used or distributed outside this state; and

(g)

Renewable energy generation projects.

Source: Section 349.565 — Restrictions on Director’s powers., https://www.­leg.­state.­nv.­us/NRS/NRS-349.­html#NRS349Sec565.

349.400
Definitions.
349.405
“Biomass” defined.
349.410
“Board” defined.
349.420
“Bonds” and “revenue bonds” defined.
349.425
“Corporation for public benefit” defined.
349.430
“Cost of a project” defined.
349.440
“Director” defined.
349.450
“Expense of operation and maintenance” defined.
349.460
“Finance” and “financing” defined.
349.470
“Financing agreement” defined.
349.475
“Fuel cell” defined.
349.480
“Health and care facility” defined.
349.485
“Historic structure” defined.
349.490
“Mortgage” defined.
349.500
“Obligor” defined.
349.510
“Project” defined.
349.515
“Renewable energy” defined.
349.517
“Renewable energy generation project” defined.
349.520
“Revenues” defined.
349.530
“Supplemental facility for a health and care facility” defined.
349.540
“Warehousing” defined.
349.550
Applicability of definitions contained in county and city economic development revenue bond laws.
349.555
Exercise of powers for general welfare
349.560
Legislative declaration.
349.565
Restrictions on Director’s powers.
349.570
General power of Director to issue bonds.
349.580
Prerequisites to financing project: Findings of Director.
349.585
Prerequisites to financing project: Approval of Office of Economic Development.
349.590
Prerequisites to financing project: Additional considerations.
349.595
Prerequisites to financing costs related to equipment for project
349.597
Confidentiality of information concerning obligor.
349.600
Bonds to be special obligations.
349.610
Form and terms of bonds
349.620
Security.
349.630
Regulations.
349.640
Refunding.
349.650
Limitation of actions.
Last Updated

Jun. 24, 2021

§ 349.565’s source at nv​.us