Nevada Revised Statutes 231.005 – ‘Development resource’ defined
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1. ’Development resource’ means any funding or other resource for economic development, including, without limitation, a structured lease of real property.
Terms Used In Nevada Revised Statutes 231.005
- 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. The term does not include any:
(a) Funding for administrative or operating purposes;
(b) Grant or loan of money from the Catalyst Account created by NRS 231.1573;
(c) Issuance of a certificate of eligibility for transferable tax credits or a certificate of transferable tax credits pursuant to NRS 231.1555; or
(d) Allocation of money from the Knowledge Account created by NRS 231.1592.