Nevada Revised Statutes 322.007 – Approval of certain leases required
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Any lease of state land, except a lease for residential purposes, a lease for farming or grazing or a lease authorized pursuant to NRS 321.008 or 322.061, whose term extends or is renewable beyond 1 year must be approved by the State Board of Examiners and the Interim Finance Committee.
Terms Used In Nevada Revised Statutes 322.007
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC