Nev. Rev. Stat. § 408.55086

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1
Section 408.55086 - Relation to other law
1. To the extent possible, the provisions of NRS

to 408.55088, inclusive, and sections 1.3 and 1.7 of this act are intended to supplement other statutory provisions governing the development, construction, repair, improvement, maintenance, decommissioning, operation and ownership of transportation facilities, utility infrastructure, water and wastewater infrastructure, renewable energy infrastructure, recycling and sustainability infrastructure, digital infrastructure, K-12 school facilities, social infrastructure or other infrastructure related to economic development and the issuance of bonds and other securities by this State or a political subdivision thereof, and such other provisions must be given effect to the extent that those provisions do not conflict with the provisions of NRS to 408.55088, inclusive , and sections 1.3 and 1.7 of this act. If there is a conflict between such other provisions and the provisions of NRS to 408.55088, inclusive, and sections 1.3 and 1.7 of this act, the provisions of NRS to 408.55088, inclusive, and section 1.3 and 1.7 of this act control.

2. The provisions of NRS 338.013 to 338.090, inclusive, apply to any contract for construction work on a qualified project if all or part of the costs of the qualified project are paid for using a loan or other financial assistance from the Bank. The Bank, the qualified borrower, any contractor who is awarded a contract or enters into an agreement to perform construction work on the qualified project, and any subcontractor who performs any portion of the construction work shall comply with the provisions of NRS 338.013 to 338.090, inclusive, in the same manner as if a public body had undertaken the qualified project or had awarded the contract.

NRS 408.55086

Added to NRS by 2017, 4136; A 2021, 3815, 3816
Amended by 2023, Ch. 463,§13, eff. 7/1/2023.
Amended by 2021, Ch. 553,§20, eff. 7/1/2021.
Amended by 2021, Ch. 553,§18, eff. 7/1/2021.
Added to NRS by 2017, 4136, 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