Nevada Revised Statutes 408.146 – Sale or lease of certain water rights to public utility; reconveyance
Current as of: 2023 | Check for updates
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1. The Board may sell or lease any of the State’s water rights which are appurtenant to real property acquired pursuant to this chapter to a public utility engaged in the business of furnishing water for municipal, industrial and domestic purposes without first offering those water rights to the public.
Terms Used In Nevada Revised Statutes 408.146
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
2. If a public utility wishes to dispose of any water right acquired pursuant to subsection 1, it must be reconveyed to the State.