Nevada Revised Statutes 218H.050 – ‘Expenditure’ defined
1. ’Expenditure’ means any of the following acts by a lobbyist while the Legislature is in a regular or special session:
Terms Used In Nevada Revised Statutes 218H.050
- Contract: A legal written agreement that becomes binding when signed.
- Forbearance: A means of handling a delinquent loan. A
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
(a) Any payment, conveyance, transfer, distribution, deposit, advance, loan, forbearance, subscription, pledge or rendering of money, services or anything else of value; or
(b) Any contract, agreement, promise or other obligation, whether or not legally enforceable, to make any such expenditure.
2. The term includes, without limitation:
(a) Anything of value provided for an educational or informational meeting, event or trip.
(b) The cost of a party, meal, function or other social event to which every Legislator is invited.
3. The term does not include:
(a) A prohibited gift.
(b) A lobbyist’s personal expenditures for his or her own food, beverages, lodging, travel expenses or membership fees or dues.