Nevada § 279.730 - Application for loan; requirements of contract for loan; regulations
Full text of Nevada Nevada Revised Statutes § 279.730 — Application for loan; requirements of contract for loan; regulations, with citation guidance and answers to common questions.
§ 279.730. Application for loan; requirements of contract for loan; regulations
1. A small business located in a redevelopment area or a person who wishes to locate
or relocate a new small business in a redevelopment area may submit an application
to the agency for a loan from the revolving loan account created pursuant to NRS 279.710 . An application must include a written description of the manner in which the loan
will be used. 2. An agency shall, within the limits of money available for use in the revolving
loan account, make loans to small businesses and persons whose applications have been
approved. If an agency makes a loan from the revolving loan account, the agency shall ensure
that the contract for the loan includes all terms and conditions for repayment of
the loan. 3. Each agency: (a) Shall adopt regulations that prescribe: (1) The process by which a small business may submit to the agency an application
for a loan from the revolving loan account; (2) The criteria for eligibility for a loan from the revolving loan account; (3) The contents of an application for a loan from the revolving loan account, which
must include, without limitation: (I) A description of the business history of the applicant; (II) A description of the income history of the applicant; (III) A copy of the business plan of the applicant; (IV) A description of the contributions of the applicant to the revitalization of
the redevelopment area; and (V) A statement of whether any money from the loan will be used by the applicant to
maintain or create any jobs; (4) The maximum amount of a loan which may be made from the revolving loan account; (5) The rate of interest for loans made from the revolving loan account; and (6) The collateral and security interest that a small business is required to provide
as security for the loan, which must be an amount sufficient to allow the agency to
recoup the amount of the loan made to a small business if the small business defaults
on the loan. (b) May adopt such other regulations as it deems necessary to carry out the provisions
of NRS 279.700 to 279.730 , inclusive.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 279.730
What does Nevada Revised Statutes § 279.730 cover?
Section 279.730 ("Application for loan; requirements of contract for loan; regulations") 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 § 279.730?
A common citation format is "Nevada Revised Statutes § 279.730" (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 § 279.730 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.