Nevada Revised Statutes
Chapter 271A - Tourism Improvements
NRS 271A.150 - Administration of district pursuant to economic development financing agreement approved by Office of Economic Development.


1. Notwithstanding any provision of this chapter to the contrary, if the governing body submits to the Office of Economic Development an economic development financing proposal described in NRS 360.989 and the Office approves the proposal and an economic development financing agreement pursuant to NRS 360.990, any district which is or may be created for the purpose of carrying out the projects identified in the proposal must be administered as provided in the agreement.
2. The economic development financing agreement may provide, without limitation, that:
(a) The Office of Economic Development, the Executive Director of the Office or any designee of either is authorized or required to perform any function or duty that under the provisions of this chapter would otherwise be performed by the municipality, the governing body or any officer or employee of the municipality.
(b) Any money collected pursuant to this chapter must be paid, collected, deposited, distributed or remitted as provided in the agreement, notwithstanding any provision of this chapter to the contrary.
(c) It may be modified at any time by the Executive Director of the Office of Economic Development, in the exercise of his or her discretion and upon approval of the Board of Economic Development.
(Added to NRS by 2015, 29th Special Session, 38)

Structure Nevada Revised Statutes

Nevada Revised Statutes

Chapter 271A - Tourism Improvements

NRS 271A.010 - Short title.

NRS 271A.020 - Definitions.

NRS 271A.030 - "District" defined.

NRS 271A.040 - "Municipality" defined.

NRS 271A.050 - "Project" defined.

NRS 271A.060 - "Retailer" defined.

NRS 271A.070 - Creation; acquisition, operation and ownership of projects located within districts; pledge of proceeds of certain taxes; boundaries; financing or reimbursement; exceptions.

NRS 271A.080 - Prerequisites for adoption of ordinance.

NRS 271A.090 - Conclusiveness of determinations.

NRS 271A.100 - Agreement with Department of Taxation regarding distribution of pledged amounts; frequency and duration of distributions.

NRS 271A.105 - Annual report to Legislature by municipality; semiannual report to Legislature by Department of Taxation; exception.

NRS 271A.110 - Agreement with owner of property interest within district to defray cost of local governmental services during term of pledge: Contents; finding by governing body of municipality.

NRS 271A.120 - Issuance of special obligations; agreements to reimburse entities or persons for project costs; restrictions on financing and reimbursement; feasibility studies; default on special obligations or agreements; security for special obliga...

NRS 271A.125 - Independent auditing of certain claims; additional restrictions on financing or reimbursement; information concerning retail facilities to be provided to Department of Taxation on request.

NRS 271A.130 - Competitive bidding not required; exceptions; applicability of provisions governing payment of prevailing wage for projects; duty of municipality to ensure compliance with subcontracting requirements.

NRS 271A.140 - Subcontracts: Duties of contractor or developer and municipality.

NRS 271A.150 - Administration of district pursuant to economic development financing agreement approved by Office of Economic Development.