The Legislature hereby finds and declares that:
1. The purpose of this chapter is to provide community development and economic stimulation, particularly to distressed areas of this State;
2. All qualified community development entities, including, without limitation, minority-owned community development entities and those that have not entered into an allocation agreement with the Community Development Financial Institutions Fund of the United States Department of the Treasury, need to be involved in community development efforts; and
3. To maximize the benefit of this chapter, qualified community development entities that have entered into such allocation agreements are encouraged to work with all groups that are involved in community development in distressed areas, including, without limitation, minority-owned qualified community development entities, community development entities that have not entered into such allocation agreements and other Nevada-based entities that engage in community development.
(Added to NRS by 2013, 3446)
Structure Nevada Revised Statutes
Chapter 231A - Nevada New Markets Jobs Act
NRS 231A.020 - Legislative findings and declaration.
NRS 231A.040 - "Applicable percentage" defined.
NRS 231A.050 - "Credit allowance date" defined.
NRS 231A.060 - "Department" defined.
NRS 231A.070 - "Director" defined.
NRS 231A.075 - "Fresh food retailer" defined.
NRS 231A.080 - "Liability for insurance premium tax" defined.
NRS 231A.090 - "Long-term debt security" defined.
NRS 231A.100 - "Purchase price" defined.
NRS 231A.110 - "Qualified active low-income community business" defined.
NRS 231A.120 - "Qualified community development entity" defined.
NRS 231A.130 - "Qualified equity investment" defined.
NRS 231A.135 - "Qualified fresh food retailer" defined.
NRS 231A.140 - "Qualified low-income community investment" defined.
NRS 231A.145 - "Underserved community" defined.
NRS 231A.160 - Qualifications for long-term debt security.
NRS 231A.250 - Circumstances requiring recapture by Department of tax credits.