Nevada § 353.545 - Legislative findings and declaration

§ 353.545. Legislative findings and declaration

The Legislature hereby finds and declares that: 1. The authority provided by other specific statutes for the government of this State

and the political subdivisions of this State to use lease-purchase and installment-purchase

agreements provides an important and valuable option for these governmental entities

and, when this authority is used properly, provides great benefit to the residents

of this State. 2. The statutory provisions governing the use of lease-purchase and installment-purchase

agreements should be interpreted to allow the process of entering into and carrying

out these agreements to be as streamlined and efficient as possible. 3. The government of this State and the political subdivisions of this State should

not use lease-purchase and installment-purchase agreements to: (a) Engage in or allow bid-shopping; or (b) Avoid or circumvent any requirement regarding the payment of prevailing wages

for public works. 4. When using lease-purchase and installment-purchase agreements, the government of

this State and the political subdivisions of this State should provide for the preferential

hiring of Nevada residents to the extent otherwise required by law. 5. If a lease-purchase or installment-purchase agreement involves the construction,

alteration, repair or remodeling of an improvement: (a) The person or entity that executes one or more contracts or agreements for the

actual construction, alteration, repair or remodeling of the improvement shall include

in such a contract or agreement the contractual provisions and stipulations that are

required to be included in a contract for a public work pursuant to the provisions

of NRS 338.013 to 338.090 , inclusive. (b) The government of this State or a political subdivision of this State, the contractor

who is awarded the contract or entered into the agreement to perform the construction,

alteration, repair or remodeling of the improvement and any subcontractor on the project

shall comply with the provisions of NRS 338.013 to 338.090 , inclusive, in the same manner as if the government of this State or a political

subdivision of this State had undertaken the project or had awarded the contract.