Nevada § 244A.741 - Operation by county prohibited
Full text of Nevada Nevada Revised Statutes § 244A.741 — Operation by county prohibited, with citation guidance and answers to common questions.
§ 244A.741. Operation by county prohibited
1. When all principal of, interest on and any prior redemption premiums due in connection
with the bonds issued for a project have been paid in full, and if an option to purchase
or option to renew a lease, if any, contained in such lease has not been exercised
as to all of the property contained in the project, the lease shall terminate and
the county shall sell such remaining property or devote the same to county purposes
other than those authorized by NRS 244A.669 to 244A.763 , inclusive. 2. No county may operate any project as a business or in any other manner except as
a lessor or seller thereof. If the project is for the generation and transmission of electricity, and the county
retains ownership and sells the electricity generated or charges for the use of the
transmitting facilities, the project must be constructed and operated by one or more
of the purchasers of that electricity or users of the transmitting facilities pursuant
to agreement with the county. 3. Any such sale which is not made pursuant to exercise of an option to purchase by
the lessee or pursuant to an agreement of sale shall be conducted in the same manner
as is then provided by law governing the issuer's sale of surplus property.
Frequently Asked Questions About Nevada § 244A.741
What does Nevada Revised Statutes § 244A.741 cover?
Section 244A.741 ("Operation by county prohibited") 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 § 244A.741?
A common citation format is "Nevada Revised Statutes § 244A.741" (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 § 244A.741 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.