1. Every municipality is authorized to accept, receive, receipt for, disburse and expend federal and state moneys and other moneys, public or private, made available by grant or loan, or both, to accomplish, in whole or in part, any of the purposes of this chapter.
2. All federal moneys accepted under this section shall be accepted and expended by the municipality upon such terms and conditions as are prescribed by the United States and as are consistent with state law. All state moneys accepted under this section shall be accepted and expended by the municipality upon such terms and conditions as are prescribed by the State.
3. Unless otherwise prescribed by the agency from which such moneys were received, the chief financial officer of the municipality shall, on its behalf, deposit all moneys received pursuant to this section, and shall keep them in separate funds designated according to the purposes for which the moneys were made available, in trust for such purposes.
[17:215:1947; 1943 NCL ยง 293.36]
Structure Nevada Revised Statutes
Chapter 496 - Municipal Airports
NRS 496.030 - Power of municipality to construct and operate airports; acquisition of property.
NRS 496.035 - Exemption from and compliance with chapter 625 of NRS.
NRS 496.040 - Power to acquire existing airports; limitation.
NRS 496.050 - Location of airport; construction of buildings, roadways and bridges authorized.
NRS 496.070 - Eminent domain: Procedure; damages and costs of removal or relocation.
NRS 496.100 - Agent may operate airport; limitations.
NRS 496.110 - Liens for repairs, improvements or storage; enforcement.
NRS 496.140 - Municipal power to tax and appropriate money for purposes of chapter.
NRS 496.160 - Validation of prior municipal bonds and action.
NRS 496.200 - Municipal power to contract for purposes of chapter.
NRS 496.210 - Joint exercise of powers by public agencies and municipalities.
NRS 496.220 - Agreements of public agencies for joint action: Mandatory and permissive provisions.
NRS 496.250 - Actions declared to be public and governmental functions; immunity.
NRS 496.260 - Property and income exempt from taxation.
NRS 496.270 - Incidental powers.
NRS 496.280 - Provisions of chapter do not limit municipal power to regulate airport hazards.
NRS 496.290 - Uniformity of interpretation and construction of chapter.