Nevada Revised Statutes 539.243 – Election required for approval of lease of power plant or transmission system owned or controlled by district
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No contract for the leasing of any electric power plant or transmission system owned or controlled by the district may be made or entered into by the board of directors unless the contract is submitted to the qualified electors of the district at a special election, district election or primary or general state election and approved by a majority vote.
Terms Used In Nevada Revised Statutes 539.243
- Contract: A legal written agreement that becomes binding when signed.