Nevada Revised Statutes 393.220 – Power of trustees
Current as of: 2022 | Check for updates
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1. When the board of trustees of a school district determines that the sale, rental or lease of real property belonging to the school district is necessary or for the best interests of the school district, the board shall have the power to sell, rent or lease such real property, whether acquired by purchase, dedication or otherwise.
Terms Used In Nevada Revised Statutes 393.220
- Devise: To gift property by will.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- 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 provisions of subsection 1 shall not be construed to permit the sale, rental or lease of any real property in contravention of any condition in a gift or devise of real property to the school district.