Nevada § 396.430 Sale and lease of property; use of proceeds

Nevada Statutes

§ 396.430 — Sale and lease of property; use of proceeds

Nevada § 396.430

Title 34EDUCATION

Ch. 396Nevada

PROPERTY; CAPITAL IMPROVEMENTS; EQUIPMENT; MATERIALS AND SUPPLIES

This text of Nevada § 396.430 (Sale and lease of property; use of proceeds) 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. § 396.430 (2026).

Text

1. The Board of Regents may sell or lease any property granted, donated, devised or bequeathed to the System if:

(a)The sale or lease is not prohibited by or inconsistent with the provisions or conditions prescribed by the grant, gift, devise or bequest; and

(b)The sale or lease is approved by the Governor. 2. The proceeds and rents from the sale or lease must be held, managed, invested, used, bestowed and applied by the Board of Regents for the purposes, provisions and conditions prescribed by the original grant, gift, devise or bequest of the property so sold or leased.

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1. The Board of Regents may sell or lease any property granted, donated, devised or bequeathed to the System if:
(a) The sale or lease is not prohibited by or inconsistent with the provisions or conditions prescribed by the grant, gift, devise or bequest; and
(b) The sale or lease is approved by the Governor.
2. The proceeds and rents from the sale or lease must be held, managed, invested, used, bestowed and applied by the Board of Regents for the purposes, provisions and conditions prescribed by the original grant, gift, devise or bequest of the property so sold or leased.