Nevada § 268.560 - Operation by city prohibited
Full text of Nevada Nevada Revised Statutes § 268.560 — Operation by city prohibited, with citation guidance and answers to common questions.
§ 268.560. Operation by city 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 the option to purchase
or option to renew a lease, if any, contained in the lease has not been exercised
as to all of the property contained in the project, the lease shall terminate and
the city shall sell such remaining property or devote the same to municipal purposes
other than those authorized by NRS 268.512 to 268.568 , inclusive. 2. No city may operate any project as a business or in any other manner as a lessor
or seller thereof. 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 § 268.560
What does Nevada Revised Statutes § 268.560 cover?
Section 268.560 ("Operation by city 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 § 268.560?
A common citation format is "Nevada Revised Statutes § 268.560" (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 § 268.560 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.