Nevada § 324.170 - Further conditions of contracts; exceptions to forfeitures

§ 324.170. Further conditions of contracts; exceptions to forfeitures

1. All contracts shall state: (a) That the works covered by the contract shall begin within 6 months from the date

of the contract; (b) That the construction shall be prosecuted diligently and continuously to completion;

and (c) That the cessation of work under the contract for a period of 6 months shall forfeit

to the State all rights under the contract and the penal sum named in the bond. 2. No property or right which was vested in the applicant or contractor at the date

of the contract shall be forfeited. 3. In cases of contractors who, at the date of the application, own or have vested

rights in water, and in a reservoir site, canals or other irrigation works, the forfeitures

shall extend only to such portions of the system unconstructed at the time of default

and to the penalty of the bond given by such contractor.