Nevada § 349.750 - Director: Administration of provisions; powers; biennial report to State Board of Finance and Legislative Commission

§ 349.750. Director: Administration of provisions; powers; biennial report to State Board of Finance and Legislative Commission

1. The Director shall administer the provisions of NRS 349.700 to 349.870 , inclusive. The Director may: (a) Employ or contract for the services of attorneys, accountants, financial experts,

and other advisers, employees, consultants and agents as the Director determines to

be necessary. (b) Enter into any agreement or other transaction with, or accept any grant from and

cooperate with any governmental entity or other source in furtherance of the purposes

of NRS 349.700 to 349.870 , inclusive. (c) Within the financial resources made available to the Director in administering

the program: (1) Create or cause to be created any nonprofit corporation, pursuant to chapter 82

of NRS, which the Director determines is necessary or convenient for the furtherance

of the purposes of NRS 349.700 to 349.870 , inclusive. The purposes, powers and operation of the corporation must be consistent with the

purposes of NRS 349.700 to 349.870 , inclusive. (2) Promote and assist the creation of any corporate entity formed under the general

corporation laws of this or any other state or nation for the purpose of qualifying

as a shared foreign sales corporation or other similar entity pursuant to 26 U.S.C. §§ 922 to 927 , inclusive. The State must not have any financial interest in such a corporation. 2. If revenue bonds have been issued pursuant to NRS 349.825 , the Director shall, before September of each even-numbered year, submit a report

of the operations of the Department of Business and Industry in connection with this

program for the biennium ending June 30 of that year to the State Board of Finance

and the Legislative Commission. This report must include a complete statement of the income, expenses, assets and

liabilities of the program.