Nevada § 315.400 - Conflicts of interest
Full text of Nevada Nevada Revised Statutes § 315.400 — Conflicts of interest, with citation guidance and answers to common questions.
§ 315.400. Conflicts of interest
1. A commissioner or employee of the authority shall not voluntarily acquire any interest,
direct or indirect, except as a residential tenant, in any housing project or in any
property included or planned to be included in any housing project, or in any contract
or proposed contract in connection with any housing project. Where the acquisition is not voluntary, the commissioner or employee shall immediately
disclose the interest in writing to the authority and the disclosure must be entered
upon the minutes of the authority. Upon disclosure the commissioner or employee shall not participate in any action by
the authority involving the housing project, property or contract. If any commissioner or employee of the authority previously owned or controlled an
interest, direct or indirect, in any housing project or in any property included or
planned to be included in any housing project, or in any contract or proposed contract
in connection with any housing project, he or she shall immediately disclose the interest
in writing to the authority and the disclosure must be entered upon the minutes of
the authority. Upon disclosure the commissioner or employee shall not participate in any action by
the authority involving the housing project, property or contract. 2. Any violation of this section constitutes misconduct in office. 3. This section is not applicable to the acquisition of any interest in notes or bonds
of the authority issued in connection with any housing project or the execution of
agreements by financial institutions for the deposit or handling of money in connection
with a housing project or to act as trustee under any trust indenture.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 315.400
What does Nevada Revised Statutes § 315.400 cover?
Section 315.400 ("Conflicts of interest") is part of the Nevada Revised Statutes, the codified statutory law of Nevada. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nevada § 315.400?
A common citation format is "Nevada Revised Statutes § 315.400" (Nevada). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nevada law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nevada official source linked on this page or consult a licensed Nevada attorney.
How does Nevada § 315.400 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nevada can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nevada.