Nevada Revised Statutes 408.513 – Acquisition of property by towns and cities; costs; transfer of interest to State
1. When highways are constructed, reconstructed or improved in accordance with this chapter through towns and through cities, the Department may require such towns and cities to acquire, through their governing bodies, and such towns and cities shall acquire in the name of the State, such real property, interests therein or improvements thereon for such highways as are determined to be necessary by the Department in the same manner as if the property were being acquired by the State.
Terms Used In Nevada Revised Statutes 408.513
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
2. The cost of acquisition may be shared by such town or city and the Department or may be paid for wholly by such town or city in accordance with agreements which shall first be entered into between the governing body of such city or town and the Department.
3. With respect to real property, interests therein or improvements thereon held in the name of towns and cities, the local governing body may, by conveyance in the nature of quitclaim, transfer such interest to the State in accordance with the agreements which shall first be entered into between such governing bodies and the Department.