Nevada § 408.55023 Monetary compensation must be deposited in State Highway Fund; in-kind compensation must be fairly valued by Department and used for statewide telecommunications purposes

Nevada Statutes

§ 408.55023 — Monetary compensation must be deposited in State Highway Fund; in-kind compensation must be fairly valued by Department and used for statewide telecommunications purposes

Nevada § 408.55023

Title 35HIGHWAYS; ROADS; BRIDGES; PARKS; OUTDOOR

Ch. 408Highways,

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This text of Nevada § 408.55023 (Monetary compensation must be deposited in State Highway Fund; in-kind compensation must be fairly valued by Department and used for statewide telecommunications purposes) 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. § 408.55023 (2026).

Text

1.All monetary compensation collected by the Department pursuant to NRS 408.5502 and 408.55024 must be deposited in the State Highway Fund.

2.Any in-kind compensation received by the Department pursuant to NRS 408.5502 and 408.55024 must be used exclusively for statewide telecommunications purposes and may not be sold or leased in competition with telecommunications providers or Internet service providers. Fair and reasonable valuation of facilities owned by either the Department or a telecommunications provider offered as part of in-kind compensation must be determined by the Department and approved by the Council.

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1. All monetary compensation collected by the Department pursuant to NRS 408.5502 and 408.55024 must be deposited in the State Highway Fund.
2. Any in-kind compensation received by the Department pursuant to NRS 408.5502 and 408.55024 must be used exclusively for statewide telecommunications purposes and may not be sold or leased in competition with telecommunications providers or Internet service providers. Fair and reasonable valuation of facilities owned by either the Department or a telecommunications provider offered as part of in-kind compensation must be determined by the Department and approved by the Council.