NRS 353.555 - Approval of Legislature or Interim Finance Committee required for certain changes in scope of agreement.

NV Rev Stat § 353.555 (2019) (N/A)

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1. Before the State of Nevada or a state agency causes or allows a change in the scope of an agreement, the change must be approved by:

(a) The Legislature, by concurrent resolution, when the Legislature is in regular or special session; or

(b) The Interim Finance Committee, by resolution, while the Legislature is not in regular or special session.

2. As used in this section, “change in the scope of an agreement” means that, as compared to when the agreement was originally entered into or previously changed, whichever is the more recent:

(a) The square footage of the property that is the subject of the agreement will be increased or decreased by 10 percent or more;

(b) Ten percent or more of the square footage of the property that is the subject of the agreement will be allocated to a different intended use; or

(c) The number of users of the property that is the subject of the agreement will be increased or decreased by 10 percent or more.

(Added to NRS by 2007, 925)

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NRS 353.550 - Requirements for agreement by state agency to acquire real property or interest in or improvement to real property with terms that extend beyond biennium in which executed.

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