§ 349.760 — Transactions eligible for guaranteed funding: Criteria

Nevada § 349.760

• Jurisdiction: Nevada
• Title 30: PUBLIC BORROWING AND OBLIGATIONS
• Ch. 349: State

Text

An exporting contract is a transaction eligible for guaranteed funding if, in the judgment of the Director, it will create or maintain employment in Nevada and it:
1. Promotes the sale abroad of goods whose final stage of production occurs in Nevada and which constitutes at least 10 percent of the contract price;
2. Provides for the rendering of services abroad by a business located in Nevada if at least 10 percent of the contract price consists of wages or other payments made to persons normally residing in this state;
3. Promotes the sale abroad of goods distributed by a business located in Nevada if:
(a) At least 10 percent of the contract price consists of wages or other payments made to persons or businesses normally residing or located in this state, a governmental organization of this state or a combination thereof; or
(b) The business has a significant relationship with this state based upon:
(1) The amount of capital investments it has which are located in this state;
(2) The number of residents of this state who are employed by the business;
(3) The amount of business transacted in this state; or
(4) Any combination thereof; or
4. Provides both for the sale abroad of goods whose final stage of production occurs in Nevada and for the rendering of services abroad by residents of Nevada, the aggregate value of which is at least 10 percent of the contract price.

Legislative History

(Added to NRS by 1985, 2015 )