Nevada Revised Statutes
Chapter 334 - Purchasing: Generally
NRS 334.070 - Lease of property to promote conservation of energy; hearing.


1. The governing body or executive authority of any public body may enter into a contract to lease property which the public body owns or which is assigned to it for administration:
(a) At a reduced rate in return for the right to purchase energy at a reduced rate; or
(b) Whereby the lessee agrees to construct a facility designed to conserve energy on the property and thereafter lease the property back to the governing body.
2. The governing body or executive authority may enter into a contract pursuant to subsection 1 if it finds that the contract would:
(a) Promote the conservation of energy and reduce the use of fossil fuels;
(b) Promote the use of types of energy which are alternatives to fossil fuels; and
(c) Result in a reduction in the amount of money spent for the energy used by the public body, which reduction is equal to or greater than the amount of money by which the rate of the lease is reduced below market value.
3. A public hearing must be held before a contract is entered into pursuant to subsection 1. A notice which includes at least the time, location and agenda of the hearing must be:
(a) Posted at the principal office of the public body or the building in which the hearing is to be held; and
(b) Published in a paper of general circulation within the jurisdiction of the public body at least once a week for 2 weeks,
not less than 2 weeks before the hearing.
4. For the purposes of this section:
(a) "Facility designed to conserve energy" includes any work or improvement which operates to reduce the use of fossil fuel and use energy more efficiently, including equipment used in the production of alternative sources of energy, for cogeneration and for the maintenance and management of loads.
(b) "Public body" means the State or a county, city, town, school district or any public agency of this state or its political subdivisions.
(Added to NRS by 1983, 1248)

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Structure Nevada Revised Statutes

Nevada Revised Statutes

Chapter 334 - Purchasing: Generally

NRS 334.010 - State automobiles: Purchase; use; identification; penalty.

NRS 334.020 - Purchase of supplies or services for state boards or commissions by officers or employees; limitations; allowance of claims.

NRS 334.025 - Program to Encourage and Facilitate Purchases by Agencies of Commodities and Services From Organizations for training and employment of persons with mental or physical disabilities: Establishment; contents; registration; contracts; quar...

NRS 334.030 - Purchase of governmental surplus property by other governmental entities.

NRS 334.040 - Transfer and sale of state surplus supplies, materials or equipment; deposit of proceeds by Administrator of Purchasing Division.

NRS 334.050 - Statutory authorization required for lease, purchase or acquisition of real property.

NRS 334.060 - Purchase of insurance or establishment of self-insurance reserve or fund to protect public property.

NRS 334.070 - Lease of property to promote conservation of energy; hearing.

NRS 334.080 - State or local governmental officer or employee required to refuse and report certain offers or promises from bidders on contracts and prohibited from offering or providing certain information to bidders.