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Highways, Roads and Transportation Facilities
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Nevada Revised Statutes
Highways, Roads and Transportation Facilities
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Section
408.010
Short title.
Section
408.015
Rules of construction.
Section
408.020
Definitions.
Section
408.033
"Board" defined.
Section
408.037
"Business" defined.
Section
408.040
"City" defined.
Section
408.042
"Conveyance system" defined.
Section
408.045
"Department" defined.
Section
408.046
"Director" defined.
Section
408.047
"Displaced person" defined.
Section
408.050
"Encroachment" defined.
Section
408.056
"Family" defined.
Section
408.057
"Farm operation" defined.
Section
408.058
"Farmer" defined.
Section
408.059
"Federal-aid highways" defined.
Section
408.060
"Freeway" defined.
Section
408.065
"Frontage road" defined.
Section
408.067
"Grade line" defined.
Section
408.070
"Highway" defined.
Section
408.077
"Planning agency" defined.
Section
408.078
"Public lands" defined.
Section
408.080
"Rights-of-way" defined.
Section
408.090
"Shall" and "may" construed.
Section
408.095
"Town" defined.
Section
408.0465
"Discharge" defined.
Section
408.100
Declaration of legislative intent.
Section
408.106
Creation; Board of Directors.
Section
408.111
Composition; heads of divisions. [Effective until the date on which the Director of the Department of Transportation notifies the Governor and the Director of the Legislative Counsel Bureau that sufficient money is available to capitalize and carry out the business of the Nevada State Infrastructure Bank created by NRS 408.55069.]
Section
408.111
Composition; heads of divisions. [Effective on the date on which the Director of the Department of Transportation notifies the Governor and the Director of the Legislative Counsel Bureau that sufficient money is available to capitalize and carry out the business of the Nevada State Infrastructure Bank created by NRS 408.55069.]
Section
408.115
Office.
Section
408.116
Legal actions; process. [Effective until the date on which the Director of the Department of Transportation notifies the Governor and the Director of the Legislative Counsel Bureau that sufficient money is available to capitalize and carry out the business of the Nevada State Infrastructure Bank created by NRS 408.55069.]
Section
408.116
Legal actions; process. [Effective on the date on which the Director of the Department of Transportation notifies the Governor and the Director of the Legislative Counsel Bureau that sufficient money is available to capitalize and carry out the business of the Nevada State Infrastructure Bank created by NRS 408.55069.]
Section
408.118
Study of operations of Department: Legislative approval required.
Section
408.119
Governor authorized to direct naming of state highway, road, bridge or transportation facility after deceased member of Armed Forces of United States; duties of Director.
Section
408.121
Adoption and use of seal; appointment and duties of Secretary.
Section
408.126
Meetings.
Section
408.131
Duties. [Effective until the date on which the Director of the Department of Transportation notifies the Governor and the Director of the Legislative Counsel Bureau that sufficient money is available to capitalize and carry out the business of the Nevada State Infrastructure Bank created by NRS 408.55069.]
Section
408.131
Duties. [Effective on the date on which the Director of the Department of Transportation notifies the Governor and the Director of the Legislative Counsel Bureau that sufficient money is available to capitalize and carry out the business of the Nevada State Infrastructure Bank created by NRS 408.55069.]
Section
408.133
Plan for measuring performance of Department; report on level of achievement.
Section
408.141
Rules; agreements with other states; designation of alternate routes for transportation of hazardous material.
Section
408.146
Sale or lease of certain water rights to public utility; reconveyance.
Section
408.151
Loans from financial institutions; limitations.
Section
408.160
Director: Appointment; term.
Section
408.163
Director: Qualifications; classification.
Section
408.170
Director: Other employment prohibited; removal.
Section
408.172
Chief Counsel: Appointment; assistants; duties; classification. [Effective until the date on which the Director of the Department of Transportation notifies the Governor and the Director of the Legislative Counsel Bureau that sufficient money is available to capitalize and carry out the business of the Nevada State Infrastructure Bank created by NRS 408.55069.]
Section
408.172
Chief Counsel: Appointment; assistants; duties; classification. [Effective on the date on which the Director of the Department of Transportation notifies the Governor and the Director of the Legislative Counsel Bureau that sufficient money is available to capitalize and carry out the business of the Nevada State Infrastructure Bank created by NRS 408.55069.]
Section
408.175
Employment of Deputy Directors and other personnel; restrictions on other employment of Deputy Directors. [Effective through the earlier of June 30, 2021, or the date on which the Director of the Department of Transportation notifies the Governor and the Director of the Legislative Counsel Bureau that sufficient money is available to capitalize and carry out the business of the Nevada State Infrastructure Bank created by NRS 408.55069.]
Section
408.175
Employment of Deputy Directors and other personnel; restrictions on other employment of Deputy Directors. [Effective through June 30, 2021, if, before June 30, 2021, the Director of the Department of Transportation notifies the Governor and the Director of the Legislative Counsel Bureau that sufficient money is available to capitalize and carry out the business of the Nevada State Infrastructure Bank created by NRS 408.55069.]
Section
408.175
Employment of Deputy Directors and other personnel; restrictions on other employment of Deputy Directors. [Effective July 1, 2021, if the Director of the Department of Transportation has not notified the Governor and the Director of the Legislative Counsel Bureau that sufficient money is available to capitalize and carry out the business of the Nevada State Infrastructure Bank created by NRS 408.55069, and until the date on which the Director of the Department of Transportation notifies the Governor and the Director of the Legislative Counsel Bureau that sufficient money is available to capitalize and carry out the business of the Nevada State Infrastructure Bank created by NRS 408.55069.]
Section
408.175
Employment of Deputy Directors and other personnel; restrictions on other employment of Deputy Directors. [Effective July 1, 2021, if the Director of the Department of Transportation has notified the Governor and the Director of the Legislative Counsel Bureau that sufficient money is available to capitalize and carry out the business of the Nevada State Infrastructure Bank created by NRS 408.55069.]
Section
408.178
Qualifications and classifications of Deputy Directors and Chief Engineer.
Section
408.180
Oaths of Director and Deputy Directors.
Section
408.185
Facsimile signatures of Director and Deputy Directors.
Section
408.190
Duties of Director: General plan of highways; information, statistics and maps.
Section
408.195
Duties of Director: General supervision of highways.
Section
408.200
Duties of Director: Standards for construction and maintenance; telecommunications facilities within rights-of-way; cooperation with county officers.
Section
408.201
Duties of Director: Policies for use of recycled materials in highways.
Section
408.203
Duties of Director: Reports to Legislature.
Section
408.205
Powers of Director: Execution of instruments and documents; deductions from wages of officers and employees for purchase of United States Savings Bonds or similar obligations. [Effective until the date on which the Director of the Department of Transportation notifies the Governor and the Director of the Legislative Counsel Bureau that sufficient money is available to capitalize and carry out the business of the Nevada State Infrastructure Bank created by NRS 408.55069.]
Section
408.205
Powers of Director: Execution of instruments and documents; deductions from wages of officers and employees for purchase of United States Savings Bonds or similar obligations. [Effective on the date on which the Director of the Department of Transportation notifies the Governor and the Director of the Legislative Counsel Bureau that sufficient money is available to capitalize and carry out the business of the Nevada State Infrastructure Bank created by NRS 408.55069.]
Section
408.210
Powers of Director: Closing and construction of highways; removal of encroachments.
Section
408.212
Powers of Director: Easements for monorail or other systems of transportation.
Section
408.213
Powers of Director: Designation of highway as scenic route; adoption of regulations.
Section
408.214
Duties of Director: Designation of restricted highways.
Section
408.215
Duties of Director: Records; index of deeds; regulations. [Effective until the date on which the Director of the Department of Transportation notifies the Governor and the Director of the Legislative Counsel Bureau that sufficient money is available to capitalize and carry out the business of the Nevada State Infrastructure Bank created by NRS 408.55069.]
Section
408.215
Duties of Director: Records; index of deeds; regulations. [Effective on the date on which the Director of the Department of Transportation notifies the Governor and the Director of the Legislative Counsel Bureau that sufficient money is available to capitalize and carry out the business of the Nevada State Infrastructure Bank created by NRS 408.55069.]
Section
408.220
Duties of Director: Reports to Board.
Section
408.225
Powers of Director: Purchase and rental of and contracts for equipment, supplies and services. [Effective until the date on which the Director of the Department of Transportation notifies the Governor and the Director of the Legislative Counsel Bureau that sufficient money is available to capitalize and carry out the business of the Nevada State Infrastructure Bank created by NRS 408.55069.]
Section
408.225
Powers of Director: Purchase and rental of and contracts for equipment, supplies and services. [Effective on the date on which the Director of the Department of Transportation notifies the Governor and the Director of the Legislative Counsel Bureau that sufficient money is available to capitalize and carry out the business of the Nevada State Infrastructure Bank created by NRS 408.55069.]
Section
408.228
Highway Safety Information and Outreach Coordinator: Creation; duties; authority to provide certain grants.
Section
408.233
Planning Division: Responsibilities and duties; operation of railroad or airport prohibited.
Section
408.234
Motor Vehicle Recovery and Transportation Planner: Creation; duties.
Section
408.235
State Highway Fund: Creation; sources; uses; payment of bills; limitations on use of bond proceeds and taxes ad valorem; limitations on use of lease fees. [Effective until the date that the balance of the separate account required by subsection 8 of this section is reduced to zero or July 1, 2022, whichever is sooner.]
Section
408.235
State Highway Fund: Creation; sources; uses; payment of bills; limitations on use of bond proceeds and taxes ad valorem. [Effective on the date that the balance of the separate account maintained for money deposited pursuant to NRS 482.313 is reduced to zero and through June 30, 2022.]
Section
408.235
State Highway Fund: Creation; sources; uses; payment of bills; limitations on use of bond proceeds and taxes ad valorem; limitations on use of lease fees. [Effective July 1, 2022, and until the date that the balance of the separate account required by subsection 8 of this section is reduced to zero.]
Section
408.235
State Highway Fund: Creation; sources; uses; payment of bills; limitations on use of bond proceeds and taxes ad valorem. [Effective July 1, 2022, or on the date that the balance of the separate account maintained for money deposited pursuant to NRS 482.313 is reduced to zero, whichever is later.]
Section
408.240
State Highway Revolving Account: Establishment; use; warrants; deposit; transfers to State Highway Fund.
Section
408.242
Establishment of nonreverting account for construction, reconstruction, improvement and maintenance of public roads consisting of money transferred from Fund for Cleaning Up Discharges of Petroleum and money from other sources; semiannual allocation of balance of account.
Section
408.245
Acceptance of federal acts.
Section
408.250
Federal acts: State highways; contracts; pledge to match federal money.
Section
408.255
Federal acts: Secondary and feeder highways; contracts; pledge to match federal money.
Section
408.260
Federal lands: Construction and maintenance of highways; availability of federal money.
Section
408.265
Federal money deposited in State Highway Fund. [Effective until the date on which the Director of the Department of Transportation notifies the Governor and the Director of the Legislative Counsel Bureau that sufficient money is available to capitalize and carry out the business of the Nevada State Infrastructure Bank created by NRS 408.55069.]
Section
408.265
Federal money deposited in State Highway Fund. [Effective on the date on which the Director of the Department of Transportation notifies the Governor and the Director of the Legislative Counsel Bureau that sufficient money is available to capitalize and carry out the business of the Nevada State Infrastructure Bank created by NRS 408.55069.]
Section
408.270
Vouchers for payment; temporary transfer of money from State General Fund to State Highway Fund.
Section
408.271
Department may expend money to conduct studies and match federal money for capital acquisitions.
Section
408.273
Issuance of bonds.
Section
408.275
Surveys, maps and studies of traffic; roadside parks; rest areas; receipt of federal money; regulations.
Section
408.280
Program for work on highways: Contents; distribution.
Section
408.281
Program for work on highways: Inclusion of designated projects for use of recycled products.
Section
408.283
Cooperative agreements between Department of Transportation and county commissioners.
Section
408.285
State highways; designation of other highways and roads as state highways and state routes; route numbers; roads for state parks.
Section
408.290
Procedure for establishment of new routes.
Section
408.303
U.S. Highway No. 6 designated as Grand Army of the Republic Highway; placement of markers.
Section
408.307
Comstock Highway: Designation; placement of markers.
Section
408.309
Designation of Route 94.
Section
408.313
Manner of construction; use of recycled materials.
Section
408.317
Supervision of work by Director; payments from State Highway Fund.
Section
408.319
Report of projects for construction and maintenance: Preparation; contents; revision; public inspection.
Section
408.321
Consideration of motor vehicle recovery lanes, bicycle lanes, various services for bicycles and turnouts for slower vehicles.
Section
408.323
Conditions for execution of work without contract; work resulting from disaster or emergency.
Section
408.327
Advertisement for bids; publication.
Section
408.333
Bids and bidders: Experience and financial ability; disqualification; hearing upon disqualification; appeal of decision.
Section
408.337
Bids and bidders: Security; forfeiture; refunds.
Section
408.343
Bids and bidders: Procedure for award of contract; regulations.
Section
408.346
Monetary incentive for early completion of contract.
Section
408.347
Execution of contract in name of State; copies filed with Department and county commissioners.
Section
408.353
Interest of member of Board, officer or employee prohibited; exception; voidability; penalties.
Section
408.354
Contract awarded to railroad company may provide under certain circumstances that railroad company is exempt from requirements concerning bonds.
Section
408.357
Bids and bidders: Bonds required of successful bidders; exception; conditions; sureties.
Section
408.363
Claims against contractor’s bond; action against surety.
Section
408.367
Project not exceeding $250,000: Solicitation and rejection of bids; quarterly reports; public records; bonds.
Section
408.373
Contractor: Compliance with state laws concerning workers’ compensation and unemployment compensation; compliance with other laws.
Section
408.377
Subcontractor: Approval; compliance with laws.
Section
408.379
Subcontractor: State business license required.
Section
408.383
Contractor: Partial payments; percentage retained; final inspections; substitution of certain obligations for retained payments; period for dispersal of money by contractor to subcontractors; rate of interest on delinquent dispersal; procedure for resolution of dispute over dispersal.
Section
408.387
Contract: Publication of notice of final acceptance; final settlement.
Section
408.388
Projects for which Department may contract with design-build team.
Section
408.389
Approval of Board of Directors required for purchase of certain equipment; analysis of costs and benefits of purchase and alternatives. [Effective until the date on which the Director of the Department of Transportation notifies the Governor and the Director of the Legislative Counsel Bureau that sufficient money is available to capitalize and carry out the business of the Nevada State Infrastructure Bank created by NRS 408.55069.]
Section
408.389
Approval of Board of Directors required for purchase of certain equipment; analysis of costs and benefits of purchase and alternatives. [Effective on the date on which the Director of the Department of Transportation notifies the Governor and the Director of the Legislative Counsel Bureau that sufficient money is available to capitalize and carry out the business of the Nevada State Infrastructure Bank created by NRS 408.55069.]
Section
408.393
Enforcement of laws concerning labor; charges for transportation and meals; penalty; exception.
Section
408.397
Procedure for diversion or change of route of highway.
Section
408.403
Freeways.
Section
408.407
Reimbursement of utility by State for relocation of facility located on or near certain highways.
Section
408.413
Improvement of state highway Route No. 81.
Section
408.417
Guideposts, signs and markers: Erection; metric units; penalty for destruction; liability for costs of repair and replacement.
Section
408.423
Permit required to excavate state highway; exception; fee.
Section
408.427
Unauthorized crossing, removal or destruction of control-of-access fence or barrier on highway: Injunction; recovery of expenses of restoration.
Section
408.433
Roadside parks and rest areas: Unlawful acts; penalties.
Section
408.439
Advisory Committee on Transportational Storm Water Management: Creation; members and appointing authority; chair; terms; vacancies; meetings; duties; required reports. [Effective through June 30, 2021.]
Section
408.441
Discharge of pollutant upon highway or right-of-way prohibited in certain circumstances; abatement, removal or remediation required upon receipt of compliance order; remedies available to Department.
Section
408.442
Entry and inspection of premises.
Section
408.444
Violations: Remedies; exception.
Section
408.446
Violations: Director authorized to issue order for compliance; exception.
Section
408.448
Violations: Injunctive relief; exception.
Section
408.449
Violations: Civil penalty; exceptions.
Section
408.451
Director to conduct independent investigation before determining whether to take certain corrective actions; exception.
Section
408.487
Acquisition of property: Purposes.
Section
408.489
Acquisition of property: Manner; costs.
Section
408.493
Acquisition of property: Survey and location of right-of-way; judicial order permitting entry for examination and appraisal.
Section
408.497
Construction, alteration or improvement of highway: Claim for damage to land or interests; proceeding in inverse condemnation.
Section
408.503
Eminent domain: Resolution by Board; precedence over other legal actions.
Section
408.507
Lease or rental of property.
Section
408.513
Acquisition of property by towns and cities; costs; transfer of interest to State.
Section
408.517
Acquisition of property by counties; costs; transfer of interest to State.
Section
408.523
Summary vacation and abandonment of portion of state highway superseded by relocation or in excess of needs; resolution of Board; recordation.
Section
408.527
Procedure for relinquishment of roadways; regulations.
Section
408.533
Disposal of property.
Section
408.537
State consent to close public road on public land: Application; notice; duties of planning agencies.
Section
408.543
State consent to close public road on public land: Duties of Department.
Section
408.547
State consent to close public road on public land: Determination by Board; approval by inaction; certificate of consent.
Section
408.548
Authority of Department to request submission of proposals; regulations.
Section
408.549
Federal, state or local assistance.
Section
408.551
"Center" defined.
Section
408.553
Designation of locations for signs and centers.
Section
408.557
Regulations.
Section
408.559
Development and review of plan.
Section
408.561
Toll-free telephone system for public accommodations; apportionment of costs.
Section
408.562
Director’s recommendations for programs: Approval by Board; funding.
Section
408.563
Agreements with governmental agencies or others.
Section
408.567
Account for Systems of Providing Information to the Traveling Public: Creation; sources; use.
Section
408.569
System of communication to report emergencies and to obtain information concerning conditions for driving required along certain frequently traveled highways.
Section
408.571
Educational program: Duty of Department to develop; content.
Section
408.573
Nevada Bicycle and Pedestrian Advisory Board: Creation; appointment, terms and compensation of members.
Section
408.577
Nevada Bicycle and Pedestrian Safety Advisory Board: Duties; gifts, grants and donations; Department to provide secretarial services.
Section
408.579
Electric bicycles authorized for use on trails or walkways intended for use by bicycles.
Section
408.601
Permits to solicit charitable contributions while standing on median strip of highway or sidewalk adjacent to highway.
Section
408.2831
Contents of agreement.
Section
408.2832
Priority of improvement projects; determination of ability of county to perform.
Section
408.2833
Standards for project.
Section
408.3195
Written analysis of costs and benefits of proposed highway projects: Contents; availability to Board and public.
Section
408.3872
"Disadvantaged business enterprise" defined. [Expires by limitation on the earlier of September 30, 2023, or the date 90 days after the date on which the Director of the Department of Transportation transmits to the Governor and the Director of the Legislative Counsel Bureau the statement and report required by subsection 3 of NRS 408.38726.]
Section
408.3875
Definitions.
Section
408.3876
"Design-build contract" defined.
Section
408.3877
"Design-build team" defined.
Section
408.3878
"Prime contractor" defined.
Section
408.3879
"Project" defined.
Section
408.3881
Public meeting; notice.
Section
408.3882
Procedure for selecting design-build team.
Section
408.3883
Request for preliminary proposals: Advertisement by Department; publication; information available for inspection by design-build teams.
Section
408.3884
Qualifications of design-build team.
Section
408.3885
Procedure for selecting finalists from among design-build teams that submitted preliminary proposals.
Section
408.3886
Requests for final proposals and best and final offers: Selection or rejection of proposal or offer; contents of contract between Department and design-build team; applicability of prevailing wage requirements to projects; duties of design-build team.
Section
408.3887
Employment of architect or engineer as consultant during construction.
Section
408.3888
Certain submittals confidential until notice of intent to award contract is issued.
Section
408.5471
"Transportation facility" defined.
Section
408.5473
Authority of Department to authorize transportation facilities.
Section
408.5475
Submission of request to Department; contents of request.
Section
408.5483
Approval of request or proposal: Determination of public purpose; staff reports; copy of request or proposal to be furnished to affected governmental entities; fee; approval contingent on entering agreement with Department; establishment of date for development of or commencement of construction of transportation facility.
Section
408.5484
Certain submittals confidential until notice of intent to award contract is issued.
Section
408.5485
Contract for transportation services.
Section
408.5501
Definitions.
Section
408.5502
Agreement required for longitudinal or wireless access to right-of-way by telecommunications provider; requirements for agreement; compensation required; types of compensation allowed.
Section
408.38722
Legislative findings and declaration. [Expires by limitation on the earlier of September 30, 2023, or the date 90 days after the date on which the Director of the Department of Transportation transmits to the Governor and the Director of the Legislative Counsel Bureau the statement and report required by subsection 3 of NRS 408.38726.]
Section
408.38724
Department to establish goals for awarding contracts; regulations. [Expires by limitation on the earlier of September 30, 2023, or the date 90 days after the date on which the Director of the Department of Transportation transmits to the Governor and the Director of the Legislative Counsel Bureau the statement and report required by subsection 3 of NRS 408.38726.]
Section
408.38726
Duties of Department: Review of information regarding goals; biennial report; discontinuation statement and report. [Expires by limitation on the earlier of September 30, 2023, or the date 90 days after the date on which the Director of the Department of Transportation transmits to the Governor and the Director of the Legislative Counsel Bureau the statement and report required by subsection 3 of NRS 408.38726.]
Section
408.38728
Regulations. [Expires by limitation on the earlier of September 30, 2023, or the date 90 days after the date on which the Director of the Department of Transportation transmits to the Governor and the Director of the Legislative Counsel Bureau the statement and report required by subsection 3 of NRS 408.38726.]
Section
408.55011
"Council" defined.
Section
408.55012
"Longitudinal access" defined.
Section
408.55013
"Permit" defined.
Section
408.55014
"Right-of-way" defined.
Section
408.55015
"Statewide telecommunications purposes" defined.
Section
408.55016
"Telecommunications facility" defined.
Section
408.55017
"Telecommunications provider" defined.
Section
408.55018
"Utility facility" defined.
Section
408.55019
"Wireless access" defined.
Section
408.55021
Longitudinal or wireless access not granted where safety, efficiency or convenience of use by traveling public compromised.
Section
408.55022
Costs of trenching and trench sharing to be proportionate and shared fairly among parties to agreement.
Section
408.55023
Monetary compensation must be deposited in State Highway Fund; in-kind compensation must be fairly valued by Department and used for statewide telecommunications purposes.
Section
408.55024
Department may offer use of and access to spare conduit and related facilities to telecommunications provider: Requirements; compensation rates; duties of Department.
Section
408.55025
In-kind compensation: Types; valuation by Department.
Section
408.55026
Two or more telecommunications providers: Agreements must require shared obligation for compensation; joint and several liability; Department authorized to audit and review relevant records.
Section
408.55027
Existing policies and procedures relating to utilities in rights-of-way not altered; factors Department may consider to determine insurance requirements; authority of Department to determine or dictate placement of telecommunications facilities; compliance with certain federal laws required.
Section
408.55028
Telecommunications Advisory Council: Creation; members; meetings; compensation; duties.
Section
408.55029
Regulations.
Section
408.55048
Definitions. [Effective on the date on which the Director of the Department of Transportation notifies the Governor and the Director of the Legislative Counsel Bureau that sufficient money is available to capitalize and carry out the business of the Nevada State Infrastructure Bank created by NRS 408.55069.]
Section
408.55049
"Bank" defined. [Effective on the date on which the Director of the Department of Transportation notifies the Governor and the Director of the Legislative Counsel Bureau that sufficient money is available to capitalize and carry out the business of the Nevada State Infrastructure Bank created by NRS 408.55069.]
Section
408.55051
"Board of Directors" defined. [Effective on the date on which the Director of the Department of Transportation notifies the Governor and the Director of the Legislative Counsel Bureau that sufficient money is available to capitalize and carry out the business of the Nevada State Infrastructure Bank created by NRS 408.55069.]
Section
408.55052
"Eligible costs" defined. [Effective on the date on which the Director of the Department of Transportation notifies the Governor and the Director of the Legislative Counsel Bureau that sufficient money is available to capitalize and carry out the business of the Nevada State Infrastructure Bank created by NRS 408.55069.]
Section
408.55053
"Eligible project" defined. [Effective on the date on which the Director of the Department of Transportation notifies the Governor and the Director of the Legislative Counsel Bureau that sufficient money is available to capitalize and carry out the business of the Nevada State Infrastructure Bank created by NRS 408.55069.]
Section
408.55054
"Executive Director" defined. [Effective on the date on which the Director of the Department of Transportation notifies the Governor and the Director of the Legislative Counsel Bureau that sufficient money is available to capitalize and carry out the business of the Nevada State Infrastructure Bank created by NRS 408.55069.]
Section
408.55055
"Federal accounts" defined. [Effective on the date on which the Director of the Department of Transportation notifies the Governor and the Director of the Legislative Counsel Bureau that sufficient money is available to capitalize and carry out the business of the Nevada State Infrastructure Bank created by NRS 408.55069.]
Section
408.55056
"Financing agreement" defined. [Effective on the date on which the Director of the Department of Transportation notifies the Governor and the Director of the Legislative Counsel Bureau that sufficient money is available to capitalize and carry out the business of the Nevada State Infrastructure Bank created by NRS 408.55069.]
Section
408.55057
"Governmental unit" defined. [Effective on the date on which the Director of the Department of Transportation notifies the Governor and the Director of the Legislative Counsel Bureau that sufficient money is available to capitalize and carry out the business of the Nevada State Infrastructure Bank created by NRS 408.55069.]
Section
408.55058
"Loan" defined. [Effective on the date on which the Director of the Department of Transportation notifies the Governor and the Director of the Legislative Counsel Bureau that sufficient money is available to capitalize and carry out the business of the Nevada State Infrastructure Bank created by NRS 408.55069.]
Section
408.55059
"Loan obligation" defined. [Effective on the date on which the Director of the Department of Transportation notifies the Governor and the Director of the Legislative Counsel Bureau that sufficient money is available to capitalize and carry out the business of the Nevada State Infrastructure Bank created by NRS 408.55069.]
Section
408.55061
"Other financial assistance" defined. [Effective on the date on which the Director of the Department of Transportation notifies the Governor and the Director of the Legislative Counsel Bureau that sufficient money is available to capitalize and carry out the business of the Nevada State Infrastructure Bank created by NRS 408.55069.]
Section
408.55062
"Project revenue" defined. [Effective on the date on which the Director of the Department of Transportation notifies the Governor and the Director of the Legislative Counsel Bureau that sufficient money is available to capitalize and carry out the business of the Nevada State Infrastructure Bank created by NRS 408.55069.]
Section
408.55063
"Qualified borrower" defined. [Effective on the date on which the Director of the Department of Transportation notifies the Governor and the Director of the Legislative Counsel Bureau that sufficient money is available to capitalize and carry out the business of the Nevada State Infrastructure Bank created by NRS 408.55069.]
Section
408.55064
"Qualified project" defined. [Effective on the date on which the Director of the Department of Transportation notifies the Governor and the Director of the Legislative Counsel Bureau that sufficient money is available to capitalize and carry out the business of the Nevada State Infrastructure Bank created by NRS 408.55069.]
Section
408.55065
"State and local accounts" defined. [Effective on the date on which the Director of the Department of Transportation notifies the Governor and the Director of the Legislative Counsel Bureau that sufficient money is available to capitalize and carry out the business of the Nevada State Infrastructure Bank created by NRS 408.55069.]
Section
408.55066
"Transportation facility" defined. [Effective on the date on which the Director of the Department of Transportation notifies the Governor and the Director of the Legislative Counsel Bureau that sufficient money is available to capitalize and carry out the business of the Nevada State Infrastructure Bank created by NRS 408.55069.]
Section
408.55067
"Utility" defined. [Effective on the date on which the Director of the Department of Transportation notifies the Governor and the Director of the Legislative Counsel Bureau that sufficient money is available to capitalize and carry out the business of the Nevada State Infrastructure Bank created by NRS 408.55069.]
Section
408.55068
"Utility infrastructure" defined. [Effective on the date on which the Director of the Department of Transportation notifies the Governor and the Director of the Legislative Counsel Bureau that sufficient money is available to capitalize and carry out the business of the Nevada State Infrastructure Bank created by NRS 408.55069.]
Section
408.55069
Nevada State Infrastructure Bank: Creation; purpose; Board of Directors; meetings; quorum; compensation of members. [Effective on the date on which the Director of the Department of Transportation notifies the Governor and the Director of the Legislative Counsel Bureau that sufficient money is available to capitalize and carry out the business of the Nevada State Infrastructure Bank created by NRS 408.55069.]
Section
408.55071
Board of Directors: Powers; duties; limitations on conduct of Bank. [Effective on the date on which the Director of the Department of Transportation notifies the Governor and the Director of the Legislative Counsel Bureau that sufficient money is available to capitalize and carry out the business of the Nevada State Infrastructure Bank created by NRS 408.55069.]
Section
408.55072
Executive Director: Appointed by Governor; duties; powers; compensation. [Effective on the date on which the Director of the Department of Transportation notifies the Governor and the Director of the Legislative Counsel Bureau that sufficient money is available to capitalize and carry out the business of the Nevada State Infrastructure Bank created by NRS 408.55069.]
Section
408.55073
Nevada State Infrastructure Bank Fund: Creation; administration by Board of Directors; establishment of accounts; acceptable deposits; compliance with federal laws; requirements for investment of earnings; authorized uses for money in Fund. [Effective on the date on which the Director of the Department of Transportation notifies the Governor and the Director of the Legislative Counsel Bureau that sufficient money is available to capitalize and carry out the business of the Nevada State Infrastructure Bank created by NRS 408.55069.]
Section
408.55074
Loans: Application required; Executive Director to review applications; required terms of loans; Bank to determine form and content of applications, financing agreements and loan obligations; federal requirements. [Effective on the date on which the Director of the Department of Transportation notifies the Governor and the Director of the Legislative Counsel Bureau that sufficient money is available to capitalize and carry out the business of the Nevada State Infrastructure Bank created by NRS 408.55069.]
Section
408.55075
Qualified borrower: Required entry into financing agreement to obtain loan or other financial assistance; authorized uses of loan proceeds. [Effective on the date on which the Director of the Department of Transportation notifies the Governor and the Director of the Legislative Counsel Bureau that sufficient money is available to capitalize and carry out the business of the Nevada State Infrastructure Bank created by NRS 408.55069.]
Section
408.55076
Bank may provide insurance or reinsurance of loans; duties; requirements. [Effective on the date on which the Director of the Department of Transportation notifies the Governor and the Director of the Legislative Counsel Bureau that sufficient money is available to capitalize and carry out the business of the Nevada State Infrastructure Bank created by NRS 408.55069.]
Section
408.55077
Permissible forms of security for issuance of revenue bonds by Bank. [Effective on the date on which the Director of the Department of Transportation notifies the Governor and the Director of the Legislative Counsel Bureau that sufficient money is available to capitalize and carry out the business of the Nevada State Infrastructure Bank created by NRS 408.55069.]
Section
408.55078
Obligation to third person by Bank: Limitations; requirements. [Effective on the date on which the Director of the Department of Transportation notifies the Governor and the Director of the Legislative Counsel Bureau that sufficient money is available to capitalize and carry out the business of the Nevada State Infrastructure Bank created by NRS 408.55069.]
Section
408.55079
Failure of qualified borrower to remit full amount due: Notice; withholding of money allotted or appropriated to borrower; exceptions. [Effective on the date on which the Director of the Department of Transportation notifies the Governor and the Director of the Legislative Counsel Bureau that sufficient money is available to capitalize and carry out the business of the Nevada State Infrastructure Bank created by NRS 408.55069.]
Section
408.55081
Immunity from civil liability for certain persons. [Effective on the date on which the Director of the Department of Transportation notifies the Governor and the Director of the Legislative Counsel Bureau that sufficient money is available to capitalize and carry out the business of the Nevada State Infrastructure Bank created by NRS 408.55069.]
Section
408.55082
Bank not required to provide notice or hearing before performing certain acts. [Effective on the date on which the Director of the Department of Transportation notifies the Governor and the Director of the Legislative Counsel Bureau that sufficient money is available to capitalize and carry out the business of the Nevada State Infrastructure Bank created by NRS 408.55069.]
Section
408.55083
Bank exempt from taxation. [Effective on the date on which the Director of the Department of Transportation notifies the Governor and the Director of the Legislative Counsel Bureau that sufficient money is available to capitalize and carry out the business of the Nevada State Infrastructure Bank created by NRS 408.55069.]
Section
408.55084
Bonds and other securities issued by Bank exempt from taxation. [Effective on the date on which the Director of the Department of Transportation notifies the Governor and the Director of the Legislative Counsel Bureau that sufficient money is available to capitalize and carry out the business of the Nevada State Infrastructure Bank created by NRS 408.55069.]
Section
408.55085
Qualified borrower retains right to issue bonds. [Effective on the date on which the Director of the Department of Transportation notifies the Governor and the Director of the Legislative Counsel Bureau that sufficient money is available to capitalize and carry out the business of the Nevada State Infrastructure Bank created by NRS 408.55069.]
Section
408.55086
Relation to other law. [Effective on the date on which the Director of the Department of Transportation notifies the Governor and the Director of the Legislative Counsel Bureau that sufficient money is available to capitalize and carry out the business of the Nevada State Infrastructure Bank created by NRS 408.55069.]
Section
408.55087
Required reports. [Effective on the date on which the Director of the Department of Transportation notifies the Governor and the Director of the Legislative Counsel Bureau that sufficient money is available to capitalize and carry out the business of the Nevada State Infrastructure Bank created by NRS 408.55069.]
Section
408.55088
Department may provide technical advice, support and assistance to Bank. [Effective on the date on which the Director of the Department of Transportation notifies the Governor and the Director of the Legislative Counsel Bureau that sufficient money is available to capitalize and carry out the business of the Nevada State Infrastructure Bank created by NRS 408.55069.]