Nevada Revised Statutes 384.170 – Creation and use of Account for the Comstock Historic District; acceptance of gifts, donations, devises and bequests; sale and lease of property; no power of eminent domain
1. The Commission may accept gifts, donations, devises or bequests of real or personal property for the purpose of enabling it to carry out a program of historic preservation and restoration within the District, and it may expend the same for that purpose. The Commission may sell, or lease for periods not to exceed 20 years, real or personal property for use within the District which it may acquire.
Terms Used In Nevada Revised Statutes 384.170
- 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
- Personal property: All property that is not real property.
2. The Commission shall deposit gifts or donations of money and any money acquired from selling or leasing the items described in subsection 1 in the Account for the Comstock Historic District which is hereby created in the State General Fund. The Account must be administered by the Commission. Any interest earned on the money in the Account must be credited to the Account. The money deposited in the Account and all interest paid thereon may be expended only for the maintenance of the Commission or to carry out the program of historic preservation and restoration within the District.
3. The Commission has no power of eminent domain.