Nevada § 354.740 - Use of leases and lease-purchase and installment-purchase agreements: Legislative findings and declaration

§ 354.740. Use of leases and lease-purchase and installment-purchase agreements: Legislative findings and declaration

The Legislature hereby finds and declares that: 1. The authority provided by other specific statutes for the government of this State

and the political subdivisions of this State to use leases and lease-purchase and

installment-purchase agreements provides an important and valuable option for these

governmental entities and, when this authority is used properly, provides great benefit

to the residents of this State. 2. The statutory provisions governing the use of leases and lease-purchase and installment-purchase

agreements should be interpreted to allow the process of entering into and carrying

out these agreements to be as streamlined and efficient as possible. 3. The government of this State and the political subdivisions of this State should

not use leases and lease-purchase and installment-purchase agreements to: (a) Engage in or allow bid-shopping; or (b) Avoid or circumvent any requirement regarding the payment of prevailing wages

for public works. 4. When using leases and lease-purchase and installment-purchase agreements, the government

of this State and the political subdivisions of this State should provide for the

preferential hiring of Nevada residents to the extent otherwise required by law.