Nevada § 268.550 - Lease, sale or financing of project
Full text of Nevada Nevada Revised Statutes § 268.550 — Lease, sale or financing of project, with citation guidance and answers to common questions.
§ 268.550. Lease, sale or financing of project
Prior to the issuance of any bonds authorized by NRS 268.512 to 268.568 , inclusive, the city shall lease, sell or finance the project under an agreement
conditioned upon completion of the project and providing for payment to the city of
such revenues as, upon the basis of such determinations and findings, will be sufficient
to: 1. Pay the principal of and interest on the bonds issued to finance the project. 2. Build up and maintain any reserves deemed advisable by the governing body in connection
therewith. 3. Pay the costs of maintaining the project in good repair and keeping it properly
insured, unless the lease, agreement of sale or financing agreement obligates the
lessee, purchaser or obligor to pay for the maintenance and insurance on the project.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 268.550
What does Nevada Revised Statutes § 268.550 cover?
Section 268.550 ("Lease, sale or financing of project") 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 § 268.550?
A common citation format is "Nevada Revised Statutes § 268.550" (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 § 268.550 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.