Nevada § 353.2751 - Authorized loans to local governments
Full text of Nevada Nevada Revised Statutes § 353.2751 — Authorized loans to local governments, with citation guidance and answers to common questions.
§ 353.2751. Authorized loans to local governments
Money in the Account may be distributed as a loan to a local government because of
a disaster for: 1. The payment of expenses incurred by the local government for: (a) The repair or replacement of public roads, public streets, bridges, water control
facilities, public buildings, public utilities, recreational facilities and parks
owned by the local government and damaged by the disaster; (b) Any overtime worked by an employee of the local government because of the disaster
or any other extraordinary expenses incurred by the local government because of the
disaster; and (c) Any projects to reduce or prevent the possibility of damage to persons or property
from similar disasters in the future; and 2. The payment of not more than 50 percent of any grant match the local government
must provide to obtain a grant from a federal agency for an eligible project to repair
damage caused by the disaster within the jurisdiction of the local government. Before a loan may be distributed to a local government pursuant to this subsection: (a) The Interim Finance Committee must make a determination that the local government
is currently unable to meet its financial obligations; and (b) The local government must execute a loan agreement in which the local government
agrees to: (1) Use the money only for the purpose of paying the grant match; and (2) Repay the entire amount of the loan, without any interest or other charges, to
the Account not later than 10 years after the date on which the agreement is executed.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 353.2751
What does Nevada Revised Statutes § 353.2751 cover?
Section 353.2751 ("Authorized loans to local governments") 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 § 353.2751?
A common citation format is "Nevada Revised Statutes § 353.2751" (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 § 353.2751 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.