Nevada Revised Statutes 318A.250 – Trustees’ interest in contracts made in official capacity prohibited; exception; contracts void; penalties
1. Except as otherwise provided in subsection 2, no trustee may:
Attorney's Note
Under the Nevada Revised Statutes, punishments for crimes depend on the classification. In the case of this section:| Class | Prison | Fine |
|---|---|---|
| gross misdemeanor | up to 364 days | up to $2,000 |
Terms Used In Nevada Revised Statutes 318A.250
- Contract: A legal written agreement that becomes binding when signed.
- Trustee: means a member of a board of trustees. See Nevada Revised Statutes 318A.030
- Trustee: A person or institution holding and administering property in trust.
(a) Become a contractor under any contract or order for supplies or any other kind of contract authorized by the board, or to be in any manner interested, directly or indirectly, as principal, in any kind of contract so authorized.
(b) Be interested in any contract made by the board or to be a purchaser or to be interested in any purchase or sale made by the board.
2. The board may purchase supplies or contract for services for the district from one of its members, when not to do so would be a great inconvenience, but the member from whom the supplies are to be bought or with whom the contract for services is to be made shall not vote upon the allowance of the purchase or contract. If the purchase is made or contract let by competitive bidding, the bid of a member of the board may be accepted only if the member is the lowest responsible bidder.
3. Any contract made in violation of the provisions of subsection 1 may be declared void.
4. A trustee who violates the provisions of subsection 1, directly or indirectly, is guilty of a gross misdemeanor and shall be further punished as provided in NRS 197.230.