Nevada § 338.520 Payment of outstanding balance upon occupancy, use or recording of notice of completion

Nevada Statutes

§ 338.520 — Payment of outstanding balance upon occupancy, use or recording of notice of completion

Nevada § 338.520

Title 28PUBLIC WORKS AND PLANNING

Ch. 338Public

Payments Made by Public Body to Contractor

This text of Nevada § 338.520 (Payment of outstanding balance upon occupancy, use or recording of notice of completion) 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. § 338.520 (2026).

Text

Except with respect to any payment withheld pursuant to NRS 338.525, if:

1.A public body or a person acting with the authority of the public body occupies or begins use of a public work or a portion of a public work;

2.A notice of completion for a public work or a portion of a public work is recorded as provided in NRS 108.228 ; or

3.A public body partially occupies one or more buildings of a public work, Ê the public body shall pay or cause to be paid to the contractor any outstanding payment due, including, without limitation, retainage, and any interest accrued thereon within 30 days after whichever event described in subsection 1, 2 or 3 occurs first. The amount paid must be in the proportion that the value of the portion of the public work which is used or occupied bears to the tot

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Except with respect to any payment withheld pursuant to NRS 338.525, if:
1. A public body or a person acting with the authority of the public body occupies or begins use of a public work or a portion of a public work;
2. A notice of completion for a public work or a portion of a public work is recorded as provided in NRS 108.228 ; or
3. A public body partially occupies one or more buildings of a public work,
Ê the public body shall pay or cause to be paid to the contractor any outstanding payment due, including, without limitation, retainage, and any interest accrued thereon within 30 days after whichever event described in subsection 1, 2 or 3 occurs first. The amount paid must be in the proportion that the value of the portion of the public work which is used or occupied bears to the total value of the public work.