Nevada § 408.55023 - Monetary compensation must be deposited in State Highway Fund; in-kind compensation must be fairly valued by Department and used for statewide telecommunications purposes
Full text of Nevada Nevada Revised Statutes § 408.55023 — Monetary compensation must be deposited in State Highway Fund; in-kind compensation must be fairly valued by Department and used for statewide telecommunications purposes, with citation guidance and answers to common questions.
§ 408.55023. Monetary compensation must be deposited in State Highway Fund; in-kind compensation must be fairly valued by Department and used for statewide telecommunications purposes
1. All monetary compensation collected by the Department pursuant to NRS 408.5502 and 408.55024 must be deposited in the State Highway Fund. 2. Any in-kind compensation received by the Department pursuant to NRS 408.5502 and 408.55024 must be used exclusively for statewide telecommunications purposes and may not be
sold or leased in competition with telecommunications providers or Internet service
providers. Fair and reasonable valuation of facilities owned by either the Department or a
telecommunications provider offered as part of in-kind compensation must be determined
by the Department and approved by the Council.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 408.55023
What does Nevada Revised Statutes § 408.55023 cover?
Section 408.55023 ("Monetary compensation must be deposited in State Highway Fund; in-kind compensation must be fairly valued by Department and used for statewide telecommunications purposes") 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 § 408.55023?
A common citation format is "Nevada Revised Statutes § 408.55023" (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 § 408.55023 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.