Nevada § 279.720 Revolving loan account: Authorized uses of money in account; limitation

Nevada Statutes

§ 279.720 — Revolving loan account: Authorized uses of money in account; limitation

Nevada § 279.720

Title 22COOPERATIVE AGREEMENTS BY PUBLIC AGENCIES; REGIONAL

Ch. 279Redevelopment

LOANS TO SMALL BUSINESSES

This text of Nevada § 279.720 (Revolving loan account: Authorized uses of money in account; limitation) is published on Counsel Stack Legal Research, covering Nevada primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Nev. Rev. Stat. § 279.720 (2026).

Text

1. After deducting the costs directly related to administering a revolving loan account created pursuant to NRS 279.710 , an agency may use the money in the account, including repayments of principal and interest on loans made from the account, and interest and income earned on money in the account, only to make loans at or below market rate to small businesses located within the redevelopment area or persons wishing to locate or relocate a new small business in the redevelopment area for the costs incurred:

(a)In expanding or improving an existing small business, including, without limitation, costs incurred for remodeling; or

(b)In locating or relocating a small business in the redevelopment area. 2. The term of any loan that may be made from the revolving loan account must be 5 years

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1. After deducting the costs directly related to administering a revolving loan account created pursuant to NRS 279.710 , an agency may use the money in the account, including repayments of principal and interest on loans made from the account, and interest and income earned on money in the account, only to make loans at or below market rate to small businesses located within the redevelopment area or persons wishing to locate or relocate a new small business in the redevelopment area for the costs incurred:
(a) In expanding or improving an existing small business, including, without limitation, costs incurred for remodeling; or
(b) In locating or relocating a small business in the redevelopment area.
2. The term of any loan that may be made from the revolving loan account must be 5 years or less.