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NRS 279.470 - Acquisition, management, disposal and encumbrance of interests in real and personal property; insurance.

NV Rev Stat § 279.470 (2019) (N/A)
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Within the redevelopment area or for purposes of redevelopment, an agency may:

1. Purchase, lease, obtain option upon or acquire by gift, grant, bequest, devise or otherwise, any real or personal property, any interest in property and any improvements thereon.

2. Except as otherwise provided in NRS 279.471 and 279.4712, acquire real property by eminent domain.

3. Clear buildings, structures or other improvements from any real property acquired.

4. Sell, lease, exchange, subdivide, transfer, assign, pledge, encumber by mortgage, deed of trust or otherwise, or otherwise dispose of any real or personal property or any interest in property.

5. Insure or provide for the insurance of any real or personal property or operations of the agency against risks or hazards.

6. Rent, maintain, manage, operate, repair and clear such real property.

(Added to NRS by 1959, 654; A 1999, 3613; 2005, 2216)

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NRS 279.468 - Preparation of plans for blighted areas; dissemination of redevelopment information; acceptance and expenditure of money; creation of residential plan; budget.
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NRS 279.471 - Requirements for agency to exercise power of eminent domain; resolutions; limited judicial review.