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 […]
NRS 274.210 – Program for training and employment of residents in zone; report to municipality and Legislative Commission.
1. In order to stimulate opportunities for employment for residents of a specially benefited zone, the Administrator shall initiate a test of a program for the reimbursement of vouchers for the cost of training residents of the zone eligible under the provisions of the Internal Revenue Code concerning tax credits for the employment of members […]
NRS 274.220 – Manager of zone: Appointment; qualifications; duties.
1. The management of a specially benefited zone must be under the jurisdiction of the designating municipality. 2. Each designating municipality shall, by ordinance, appoint a zone manager for the certified zones within its jurisdiction. A zone manager must be an officer or employee of the municipality. 3. The zone manager shall coordinate activities between […]
NRS 274.230 – Powers of designating municipality: Cooperation with federal, state and local governments; improving police protection; federal assistance for urban development or training for employment; qualifications for benefits.
When a specially benefited zone is designated and approved under this chapter, the governing body of the designating municipality may: 1. Apply with the United States Department of Commerce to have the specially benefited zone declared to be a free trade zone. 2. When any federal legislation concerning specially benefited zones is enacted or becomes […]
NRS 274.240 – Powers of designating municipality: Issuing securities; reducing certain taxes, fees or service charges; improving governmental services; providing financing; cooperating with other governmental agencies.
To encourage the revitalization of specially benefited zones, the governing body of a designating municipality may: 1. Issue bonds or other securities authorized by other law for the purposes of economic development and use the proceeds for loans to any new or expanding qualified businesses in the specially benefited zone. 2. Reduce or eliminate any […]
NRS 274.250 – Powers of designating municipality: Delegation of services to private organizations.
1. A designating municipality may, by ordinance, delegate one or more of the services or functions described in subsection 2 to one or more qualified private organizations. For the purposes of this section, an organization is qualified if: (a) Its constituency is composed substantially of residents of the specially benefited zone; (b) It has a […]
NRS 274.260 – Proposal by business to participate in benefits of zone; contents of proposal.
Any business that wishes to participate in the benefits specifically authorized for qualified businesses in this chapter must first submit a proposal to the governing body of the designating municipality. The proposal must contain the following information: 1. An estimate of the number of new employees whom the business intends to hire for its place […]
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 […]
NRS 274.280 – Procedure to amend ordinance designating zone.
1. The terms of a certified ordinance designating a specially benefited zone may be amended to: (a) Alter the boundaries of the zone; (b) Limit or repeal financial incentives or benefits provided in the ordinance; or (c) Alter the date for terminating the zone. The amendment does not become effective unless the Governor issues an […]
NRS 274.290 – Termination of zone.
A specially benefited zone may be terminated by joint action of the Governor and the designating municipality. The designating municipality shall conduct at least one public hearing within the zone before adopting its ordinance of termination. The mayor of the designating city or the chair of the governing body of the designating county shall execute […]