Nevada § 354.743 Use of leases and lease-purchase and installment-purchase agreements: “Agreement” defined

Nevada Statutes

§ 354.743 — Use of leases and lease-purchase and installment-purchase agreements: “Agreement” defined

Nevada § 354.743

Title 31PUBLIC FINANCIAL ADMINISTRATION

Ch. 354Local

ALTERNATIVE METHODS OF FINANCING BY LOCAL GOVERNMENTS

This text of Nevada § 354.743 (Use of leases and lease-purchase and installment-purchase agreements: “Agreement” defined) 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. § 354.743 (2026).

Text

As used in NRS 354.740 and 354.745, “agreement” means an agreement to purchase property in the form of a lease or an agreement to pay in installments, pursuant to which a local government may pay the purchase price of real or personal property over a period of time which extends beyond the biennium in which the agreement is executed, including, without limitation:

1.An agreement pursuant to which a local government may acquire the property that is the subject of the agreement at the end of the term of the agreement or at the end of the term of a renewal of the agreement upon payment of no additional consideration or nominal additional consideration; and

2.An agreement that, for the purposes of federal income tax, is treated as an agreement for conditional sale.

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As used in NRS 354.740 and 354.745, “agreement” means an agreement to purchase property in the form of a lease or an agreement to pay in installments, pursuant to which a local government may pay the purchase price of real or personal property over a period of time which extends beyond the biennium in which the agreement is executed, including, without limitation:
1. An agreement pursuant to which a local government may acquire the property that is the subject of the agreement at the end of the term of the agreement or at the end of the term of a renewal of the agreement upon payment of no additional consideration or nominal additional consideration; and
2. An agreement that, for the purposes of federal income tax, is treated as an agreement for conditional sale.