Nevada Revised Statutes 338.1587 – Public-private partnership: Authority to enter; authorized provisions
1. A public body may enter into a public-private partnership to plan, finance, design, construct, improve, maintain, operate or acquire the rights-of-way for, or any combination thereof, a transportation facility.
Terms Used In Nevada Revised Statutes 338.1587
- Contract: A legal written agreement that becomes binding when signed.
- Contract: means a written contract entered into between a contractor and a public body for the provision of labor, materials, equipment or supplies for a public work. See Nevada Revised Statutes 338.010
- 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.
- Public body: means the State, county, city, town, school district or any public agency of this State or its political subdivisions sponsoring or financing a public work. See Nevada Revised Statutes 338.010
2. A public-private partnership may include, without limitation:
(a) A predevelopment agreement leading to another implementing agreement for a transportation facility as described in this subsection;
(b) A design-build contract;
(c) A design-build contract that includes the financing, maintenance or operation, or any combination thereof, of the transportation facility;
(d) A contract involving a construction manager at risk;
(e) A concession, including, without limitation, a toll concession and an availability payment concession;
(f) A construction agreement that includes the financing, maintenance or operation, or any combination thereof, of the transportation facility;
(g) An operation and maintenance agreement for a transportation facility;
(h) Any other method or agreement for completion of the transportation facility that the public body determines will serve the public interest; or
(i) Any combination of paragraphs (a) to (h), inclusive.