Nev. Rev. Stat. § 231.720

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1
Section 231.720 - Award of grants
1. The Commission may make a grant of money from the Fund if the Commission finds that the grant will:
(a) Enable an air carrier to commence or continue air service to an airport described in subsection 1 of NRS 231.710; and
(b) Provide economic benefit to this State.
2. The Commission may make a grant of money from the Fund only to:
(a) Guarantee that an air carrier will receive an agreed amount of revenue per flight that the air carrier operates into or out of the airport designated in the application pursuant to paragraph (a) of subsection 2 of NRS 231.710; or
(b) Guarantee a profit goal for the air carrier that is established by agreement between the air carrier and the Commission.

NRS 231.720

Added to NRS by 2019, 2145
Amended by 2023, Ch. 449,§1.91, eff. 7/1/2023.
Added by 2019, Ch. 347,§14, eff. 6/3/2019.