Nevada Revised Statutes 324.080 – Division to fix price of lands; Carey Act Account created
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1. The Division may fix the price at which the State disposes of lands in each segregation to settlers at the time of their entry, which must not be less than $10 per acre nor more than the fair market value, including costs incidental to the application.
Terms Used In Nevada Revised Statutes 324.080
- Carey Act: means the provisions of 43 U. See Nevada Revised Statutes 324.010
- Division: means the Division of State Lands of the State Department of Conservation and Natural Resources. See Nevada Revised Statutes 324.010
- Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
2. The proceeds must be deposited with the Treasurer for credit to the Carey Act Account, which is hereby created in the State General Fund.