NRS 271B.070 – Creation; pledge of proceeds of certain taxes; location. [Effective through June 30, 2032.] Creation; pledge of proceeds of certain taxes; location. [Effective July 1, 2032, through June 30, 2036.]

1. Except as otherwise provided in this section, if a qualified project is located within the jurisdiction of a municipality, the governing body of the municipality may: (a) Create an economic diversification district for the purposes of carrying out this chapter by adopting an ordinance describing the boundaries of the district, which must be the […]

NRS 271B.080 – Agreement with Department of Taxation regarding distribution of pledged amounts. [Effective through June 30, 2032.] Agreement with Department of Taxation regarding distribution of pledged amounts. [Effective July 1, 2032, through June 30, 2036.]

1. After the adoption of an ordinance pursuant to NRS 271B.070: (a) The governing body of the municipality and the Department of Taxation shall enter into an agreement specifying the dates and procedure for distribution to the municipality of any money pledged pursuant to NRS 271B.070. (b) If the qualified project is a qualified project […]

NRS 271B.090 – Agreement to distribute pledged amounts to lead participant of qualified project located within district; restrictions; automatic termination of agreement. [Effective through June 30, 2036.]

1. Except as otherwise provided in this section, if the governing body of a municipality adopts an ordinance pursuant to NRS 271B.070, the municipality may enter into an agreement with the lead participant in the qualified project for the cost of acquiring, improving or equipping, or any combination thereof, the qualified project, which may contain […]

NRS 271B.100 – Preparation of annual reports and submittal to Legislature. [Effective through June 30, 2036.]

On or before September 1 of each year, the governing body of a municipality that adopts an ordinance pursuant to NRS 271B.070 shall prepare and submit to the Director of the Legislative Counsel Bureau for submission to the Legislature, or to the Legislative Commission when the Legislature is not in regular session, an annual report […]

NRS 271B.110 – Agreement with owner of property interest within district to defray cost of local governmental services. [Effective through June 30, 2036.]

The governing body of a municipality may enter into an agreement with one or more of the owners of any interest in property within a district, pursuant to which that owner would agree to make payments to the municipality or to another local government that provides services in the district, or to both, to defray, […]

NRS 271B.120 – Independent auditing of certain claims; additional restrictions on financing or reimbursement. [Effective through June 30, 2036.]

The governing body of a municipality: 1. Shall require the review of each claim submitted pursuant to any contract or other agreement made with the governing body to provide any financing or reimbursement pursuant to NRS 271B.090, by an independent auditor. 2. Shall not provide any financing or reimbursement pursuant to NRS 271B.090 from the […]

NRS 271B.130 – Expansion of infrastructure by natural gas utility deemed to constitute program of economic development under certain circumstances; natural gas utility required to file with Public Utilities Commission of Nevada application to establish rates to recover prudent and reasonable costs associated with expansion. [Effective through June 30, 2032.]

1. For the purposes of subsection 3 of NRS 704.9925, the activity of a public utility which purchases natural gas for resale relating to the expansion of its infrastructure necessary to provide natural gas to the legal boundary of a district constitutes a program of economic development. The public utility shall expand its infrastructure in […]