Nevada Revised Statutes 315.98425 – Powers of business entity concerning housing projects; inapplicability of Open Meeting Law to meetings of business entity
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1. A business entity may:
Terms Used In Nevada Revised Statutes 315.98425
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
(a) Within the area of operation of the Authority:
(1) Prepare, carry out, operate and otherwise manage housing projects; and
(2) Provide for the construction, reconstruction, improvement, extension, alteration or repair of any such project or any part thereof.
(b) Enter into a public-private partnership to finance a housing project.
(c) Construct or operate a housing project for profit.
2. The meetings of a business entity are not subject to the provisions of chapter 241 of NRS.