Nevada § 278C.305 - Administration of area created for purpose of carrying out undertaking identified in economic development financing agreement: Authority of Office of Economic Development and Director of Office; disposition of money collected from area; modification of agreement by Director
Full text of Nevada Nevada Revised Statutes § 278C.305 — Administration of area created for purpose of carrying out undertaking identified in economic development financing agreement: Authority of Office of Economic Development and Director of Office; disposition of money collected from area; modification of agreement by Director, with citation guidance and answers to common questions.
§ 278C.305. Administration of area created for purpose of carrying out undertaking identified in economic development financing agreement: Authority of Office of Economic Development and Director of Office; disposition of money collected from area; modification of agreement by Director
1. Notwithstanding any provision of this chapter to the contrary, if the governing
body submits to the Office of Economic Development an economic development financing
proposal described in NRS 360.989 and the Office approves the proposal and an economic development financing agreement
pursuant to NRS 360.990 , any tax increment area which is or may be created for the purpose of carrying out
the undertakings identified in the proposal must be administered as provided in the
agreement. 2. The economic development financing agreement may provide, without limitation, that: (a) The Office of Economic Development, the Executive Director of the Office or any
designee of either is authorized or required to perform any function or duty that
under the provisions of this chapter would otherwise be performed by the municipality,
the governing body or any officer or employee of the municipality. (b) Any money collected pursuant to this chapter must be paid, collected, deposited,
distributed or remitted as provided in the agreement, notwithstanding any provision
of this chapter to the contrary. (c) It may be modified at any time by the Executive Director of the Office of Economic
Development, in the exercise of his or her discretion and upon approval of the Board
of Economic Development.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 278C.305
What does Nevada Revised Statutes § 278C.305 cover?
Section 278C.305 ("Administration of area created for purpose of carrying out undertaking identified in economic development financing agreement: Authority of Office of Economic Development and Director of Office; disposition of money collected from area; modification of agreement by Director") 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 § 278C.305?
A common citation format is "Nevada Revised Statutes § 278C.305" (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 § 278C.305 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.