Nevada Revised Statutes 319.135 – ‘Sponsor’ defined
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‘Sponsor’ means any natural person, association, corporation, joint venture, partnership, trust, state agency, municipality or other legal entity, or any combination thereof, which:
Terms Used In Nevada Revised Statutes 319.135
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- 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
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- person: means a natural person, any form of business or social organization and any other nongovernmental legal entity including, but not limited to, a corporation, partnership, association, trust or unincorporated organization. See Nevada Revised Statutes 0.039
1. Has been approved by the Division to acquire, own, construct, rehabilitate, operate, lease, manage or maintain a housing project; and
2. Except for a state agency or municipality, has agreed to subject itself to regulation by the Division.