NRS 334.040 – Transfer and sale of state surplus supplies, materials or equipment; deposit of proceeds by Administrator of Purchasing Division.
1. The Administrator of the Purchasing Division of the Department of Administration may, upon the request of a state agency, transfer any surplus supplies, materials or equipment of another state agency to the requesting state agency without cost to the requesting state agency. 2. The Administrator of the Purchasing Division may sell any surplus supplies, […]
NRS 334.050 – Statutory authorization required for lease, purchase or acquisition of real property.
Unless otherwise provided by law, no state department, division, bureau, commission, board, authority or agency, and no state officer, commissioner, representative of the State, or other state employee acting by, for, or on account of any office, department, board, commission, bureau, agency or institution operating by authority of law, and supported in whole or in […]
NRS 333A.0914 – Other statutory provisions applicable to refunding obligations.
Except as otherwise provided in NRS 333A.0906 to 333A.0916, inclusive, the relevant provisions elsewhere herein appertaining generally to the issuance of obligations to defray the cost of any operating cost-savings measure are equally applicable in the authorization and issuance of refunding obligations, including, without limitation, their terms and security, the covenants and other provisions of […]
NRS 333A.0916 – Conditions for refunding obligations.
1. An obligation may not be refunded pursuant to NRS 333A.0906 to 333A.0916, inclusive, unless the holder of the obligation voluntarily surrenders the obligation for exchange or payment, or unless the obligation matures or is callable for prior redemption under its terms within 25 years after the date of issuance of the refunding obligations. Provision […]
NRS 333A.0918 – Conclusive determination of using agency that statutory limitations have been met.
The determination of the using agency that the limitations imposed upon the issuance of obligations pursuant to this chapter, including, without limitation, any obligations for funding or refunding obligations, have been met shall be conclusive in the absence of fraud or arbitrary and gross abuse of discretion regardless of whether the authorizing resolution or the […]
NRS 333A.092 – Recital in resolution as conclusive evidence of validity of obligation.
A resolution providing for the issuance of a performance contract, including, without limitation, an installment-purchase contract or lease-purchase contract or other proceedings appertaining thereto, may provide that the obligations contain a recital that the obligations are issued pursuant to this chapter, which recital is conclusive evidence of the validity of the obligations. (Added to NRS […]
NRS 333A.100 – Indebtedness of State under contract; term of contracts.
1. Notwithstanding any provision of this chapter to the contrary, a performance contract entered into pursuant to this chapter does not create a debt for the purposes of Section 3 of Article 9 of the Nevada Constitution. 2. Except as otherwise provided in this section, the term of a performance contract may extend beyond the […]
NRS 333A.110 – Period over which payments become due.
1. A performance contract must provide that all payments, other than any obligations that become due if the contract is terminated before the contract expires, must be made over time. 2. The period over which payments are made on a performance contract must equal the period over which the operating cost savings are amortized. Payments […]
NRS 333A.120 – Prevailing wage requirement.
If a performance contract entered into pursuant to this chapter requires the employment of skilled mechanics, skilled workers, semiskilled mechanics, semiskilled workers or unskilled labor to perform the performance contract, the performance contract must include a provision relating to the prevailing wage as required pursuant to NRS 338.013 to 338.090, inclusive. The using agency, the […]
NRS 333A.0908 – Refunding of obligations: Disposition of proceeds; incidental costs; accrued interest and premium.
1. Except as otherwise provided in NRS 333A.0906 to 333A.0916, inclusive, the proceeds of refunding obligations issued pursuant to NRS 333A.0906 must be immediately applied to the retirement of the obligations to be refunded or be placed in escrow or trust in any trust bank or trust banks within or without or both within and […]