NRS 353.540 – “State agency” defined.
“State agency” means an agency, bureau, board, commission, department, division or any other unit of the government of this State that is required to submit information to the Chief pursuant to subsection 1 or 6 of NRS 353.210. “State agency” does not include the Nevada System of Higher Education unless it is anticipated that payments […]
NRS 353.545 – Legislative findings and declaration.
The Legislature hereby finds and declares that: 1. The authority provided by other specific statutes for the government of this State and the political subdivisions of this State to use lease-purchase and installment-purchase agreements provides an important and valuable option for these governmental entities and, when this authority is used properly, provides great benefit to […]
NRS 353.550 – Requirements for agreement by state agency to acquire real property or interest in or improvement to real property with terms that extend beyond biennium in which executed.
1. A state agency may propose a project to acquire real property, an interest in real property or an improvement to real property through an agreement which has a term, including the terms of any options for renewal, that extends beyond the biennium in which the agreement is executed if the agreement: (a) Provides that […]
NRS 353.555 – Approval of Legislature or Interim Finance Committee required for certain changes in scope of agreement.
1. Before the State of Nevada or a state agency causes or allows a change in the scope of an agreement, the change must be approved by: (a) The Legislature, by concurrent resolution, when the Legislature is in regular or special session; or (b) The Interim Finance Committee, by resolution, while the Legislature is not […]
NRS 353.560 – Legislature not obligated to appropriate money for payments due pursuant to agreement; prohibition on such representations.
1. The provisions of NRS 353.500 to 353.630, inclusive, do not obligate the Legislature to appropriate money for payments due pursuant to an agreement entered into pursuant to those sections. 2. A state agency, person acting on behalf of a state agency, officer of this State or employee of this State shall not represent that […]
NRS 353.570 – State Treasurer authorized to take appropriate actions to facilitate agreements.
The State Treasurer may take such actions as he or she deems appropriate to facilitate an agreement pursuant to NRS 353.500 to 353.630, inclusive, including, without limitation: 1. Entering into contracts for relevant professional services; 2. Obtaining credit enhancement and interest rate hedges; and 3. Assisting with the offering of certificates of participation pursuant to […]