NRS 322.060 - Certain leases or easements over state lands: Size of area; terms and consideration; form and preparation.

NV Rev Stat § 322.060 (2019) (N/A)

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Subject to the provisions of NRS 321.335, leases or easements authorized pursuant to the provisions of NRS 322.050, and not made for the purpose of extracting oil, coal or gas or the utilization of geothermal resources from the lands leased, must be:

1. For such areas as may be required to accomplish the purpose for which the land is leased or the easement granted.

2. Except as otherwise provided in NRS 322.061, 322.063, 322.065 and 322.067, for such term and consideration as the Administrator of the Division of State Lands of the State Department of Conservation and Natural Resources, as ex officio State Land Registrar, may determine reasonable based upon the fair market value of the land.

3. Executed upon a form to be prepared by the Attorney General. The form must contain all of the covenants and agreements usual or necessary to such leases or easements.

(Added to NRS by 1961, 588; A 1975, 107, 512; 1989, 511; 1995, 834; 1997, 512; 2001, 906; 2005, 1457, 2680; 2013, 2691)

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NRS 322.050 - Leases of or easements over state lands authorized; concurrence of contracting parties and state agencies required.

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NRS 322.061 - Lease of land at reduced rate to persons who intend to locate or expand business in this State; requirements; approval of lease; determination of rent; waiver of requirements.