Terms Used In Nevada Revised Statutes > Chapter 88 - Uniform Limited Partnership Act

• Administrator: means the Administrator of the Purchasing Division. See Nevada Revised Statutes 333.020
• Amortization: Paying off a loan by regular installments.
• Authorized representative: means a person designated by the governing body to be responsible for the development, award and proper administration of all purchases and contracts for a local government or a department, division, agency, board or unit of a local government made pursuant to this chapter. See Nevada Revised Statutes 332.025
• Authorized representative: means a person designated by a public body to be responsible for the development, solicitation, award or administration of contracts for public works pursuant to this chapter. See Nevada Revised Statutes 338.010
• Baseline: Projection of the receipts, outlays, and other budget amounts that would ensue in the future without any change in existing policy. Baseline projections are used to gauge the extent to which proposed legislation, if enacted into law, would alter current spending and revenue levels.
• Best value: means the greatest possible economy consistent with grades or qualities of supplies, materials, equipment and services that are adapted to the purposes to be served. See Nevada Revised Statutes 333.020
• Carey Act: means the provisions of 43 U. See Nevada Revised Statutes 324.010
• Certificate of limited partnership: means the certificate referred to in NRS 88. See Nevada Revised Statutes 88.315
• Chambers: A judge's office.
• Chief judge: The judge who has primary responsibility for the administration of a court but also decides cases; chief judges are determined by seniority.
• Clerk: means :

  (a) If a district is created or proposed to be created by a county, the county clerk. See Nevada Revised Statutes 318A.030

• Concurrent resolution: A legislative measure, designated "S. Con. Res." and numbered consecutively upon introduction, generally employed to address the sentiments of both chambers, to deal with issues or matters affecting both houses, such as a concurrent budget resolution, or to create a temporary joint committee. Concurrent resolutions are not submitted to the President/Governor and thus do not have the force of law.
• confidential business information: means any information relating to the amount or source of any income, profits, losses or expenditures of a person, including data relating to cost, price, or the customers of a responding offeror which is submitted in support of a response. See Nevada Revised Statutes 332.025
• confidential business information: means any information relating to the amount or source of any income, profits, losses or expenditures of a person, including data relating to cost or price submitted in support of a bid or proposal. See Nevada Revised Statutes 333.020
• Contract: means a written contract entered into between a contractor and a public body for the provision of labor, materials, equipment or supplies for a public work. See Nevada Revised Statutes 338.010
• Contractor: means :

  (a) A person who is licensed pursuant to the provisions of chapter 624 of NRS. See Nevada Revised Statutes 338.010

• Contribution: means any cash, property, services rendered, or a promissory note or other binding obligation to contribute cash or property or to perform services, which a partner contributes to a limited partnership in his or her capacity as a partner. See Nevada Revised Statutes 88.315
• Design professional: means :

  (a) A person who is licensed as a professional engineer pursuant to chapter 625 of NRS;

  (b) A person who is licensed as a professional land surveyor pursuant to chapter 625 of NRS;

  (c) A person who holds a certificate of registration to engage in the practice of architecture, interior design or residential design pursuant to chapter 623 of NRS;

  (d) A person who holds a certificate of registration to engage in the practice of landscape architecture pursuant to chapter 623A of NRS; or

  (e) A business entity that engages in the practice of professional engineering, land surveying, architecture or landscape architecture. See Nevada Revised Statutes 338.010

• Design-build team: means an entity that consists of:

  (a) At least one person who is licensed as a general engineering contractor or a general building contractor pursuant to chapter 624 of NRS; and

  (b) For a public work that consists of:

  (1) A building and its site, at least one person who holds a certificate of registration to practice architecture pursuant to chapter 623 of NRS. See Nevada Revised Statutes 338.010

• Director: means the Director of the Department of Administration. See Nevada Revised Statutes 333.020
• Division: means the State Public Works Division of the Department of Administration. See Nevada Revised Statutes 338.010
• Division: means the Division of State Lands of the State Department of Conservation and Natural Resources. See Nevada Revised Statutes 324.010
• Evaluator: means an authorized representative, officer, employee, representative, agent, consultant or member of a governing body who has participated in:

  (a) The evaluation of responses;

  (b) Negotiations concerning purchasing by a local government; or

  (c) The review or approval of the award, modification or extension of a contract. See Nevada Revised Statutes 332.025

• Event of withdrawal of a general partner: means an event that causes a person to cease to be a general partner as provided in NRS 88. See Nevada Revised Statutes 88.315
• Ex officio: Literally, by virtue of one's office.
• 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.
• Fee simple: Absolute title to property with no limitations or restrictions regarding the person who may inherit it.
• FM radio: means a system of radio broadcasting by means of frequency modulation. See Nevada Revised Statutes 318.020
• Foreign limited partnership: means a partnership formed under the laws of a jurisdiction other than this State and having as partners one or more general partners and one or more limited partners. See Nevada Revised Statutes 88.315
• Foreign registered limited-liability limited partnership: means a foreign limited-liability limited partnership:

  (a) Formed pursuant to an agreement governed by the laws of another state; and

  (b) Registered pursuant to and complying with NRS 88. See Nevada Revised Statutes 88.315

• General contractor: means a person who is licensed to conduct business in one, or both, of the following branches of the contracting business:

  (a) General engineering contracting, as described in subsection 2 of NRS 624. See Nevada Revised Statutes 338.010

• General partner: means a person who has been admitted to a limited partnership as a general partner in accordance with the partnership agreement and named in the certificate of limited partnership as a general partner. See Nevada Revised Statutes 88.315
• Germane: On the subject of the pending bill or other business; a strict standard of relevance.
• Governing body: means the governing body of a county or city that proposes to create or creates a district pursuant to this chapter. See Nevada Revised Statutes 318A.030
• Governing body: means the board, council, commission or other body in which the general legislative and fiscal powers of the local government are vested. See Nevada Revised Statutes 332.025
• Governing body: means the board, council, commission or other body in which the general legislative and fiscal powers of a local government are vested. See Nevada Revised Statutes 338.010
• Hearsay: Statements by a witness who did not see or hear the incident in question but heard about it from someone else. Hearsay is usually not admissible as evidence in court.
• Horizontal construction: means any construction, alteration, repair, renovation, demolition or remodeling necessary to complete a public work, including, without limitation, any irrigation, drainage, water supply, flood control, harbor, railroad, highway, tunnel, airport or airway, sewer, sewage disposal plant or water treatment facility and any ancillary vertical components thereof, bridge, inland waterway, pipeline for the transmission of petroleum or any other liquid or gaseous substance, pier, and any other work incidental thereto. See Nevada Revised Statutes 338.010
• Indemnification: In general, a collateral contract or assurance under which one person agrees to secure another person against either anticipated financial losses or potential adverse legal consequences. ^{Source: FDIC}
• Indictment: The formal charge issued by a grand jury stating that there is enough evidence that the defendant committed the crime to justify having a trial; it is used primarily for felonies.
• Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. ^{Source: OCC}
• Invitation to bid: means a written statement which sets forth the requirements and specifications of a contract to be awarded by competitive selection. See Nevada Revised Statutes 333.020
• Jurisprudence: The study of law and the structure of the legal system.
• Limited partner: means a person who has been admitted to a limited partnership as a limited partner in accordance with the partnership agreement. See Nevada Revised Statutes 88.315
• local government: means :

  (a) Every political subdivision or other entity which has the right to levy or receive money from ad valorem taxes or other taxes or from any mandatory assessments, including counties, cities, towns, school districts and other districts organized pursuant to chapters 244, 318, 318A, 379, 450, 474, 539, 541, 543 and 555 of NRS. See Nevada Revised Statutes 332.015

• Local government: means every political subdivision or other entity which has the right to levy or receive money from ad valorem or other taxes or any mandatory assessments, and includes, without limitation, counties, cities, towns, boards, school districts and other districts organized pursuant to chapters 244A, 318, 318A, 379, 474, 538, 541, 543 and 555 of NRS, NRS 450. See Nevada Revised Statutes 338.010
• Local school precinct: has the meaning ascribed to it in NRS 388G. See Nevada Revised Statutes 332.025
• Mail: means a single mailing first class or its equivalent, postage prepaid, by deposit in the United States mails, at least 15 days before the designated time or event. See Nevada Revised Statutes 318.020
• Mail: means a single mailing first class or its equivalent, postage prepaid, by deposit in the United States mail, at least 15 days before the designated time or event. See Nevada Revised Statutes 318A.030
• Mortgage loan: A loan made by a lender to a borrower for the financing of real property. ^{Source: OCC}
• Mortgagee: The person to whom property is mortgaged and who has loaned the money.
• Oversight: Committee review of the activities of a Federal agency or program.
• Partner: means a limited or general partner. See Nevada Revised Statutes 88.315
• Partnership agreement: means any valid agreement, written or oral, of the partners as to the affairs of a limited partnership and the conduct of its business. See Nevada Revised Statutes 88.315
• Partnership interest: means a partner"s share of the profits and losses of a limited partnership and the right to receive distributions of partnership assets. See Nevada Revised Statutes 88.315
• project: includes , without limitation, any structure, undertaking or system which a district is authorized to acquire, improve, equip, maintain or operate. See Nevada Revised Statutes 318A.030
• Proprietary information: means :

  (a) Any trade secret or confidential business information that is contained in a response submitted to a governing body or its authorized representative on a particular contract; or

  (b) Any other trade secret or confidential business information submitted to a governing body or its authorized representative by a responding offeror and designated as proprietary by the governing body or its authorized representative. See Nevada Revised Statutes 332.025

• Proprietary information: means :

  (a) Any trade secret or confidential business information that is contained in a bid or proposal submitted on a particular contract; or

  (b) Any other trade secret or confidential business information submitted in a bid or proposal and designated as proprietary by the Administrator. See Nevada Revised Statutes 333.020

• Public body: means the State, county, city, town, school district or any public agency of this State or its political subdivisions sponsoring or financing a public work. See Nevada Revised Statutes 338.010
• Public work: means any project for the new construction, repair or reconstruction of a project financed in whole or in part from public money for:

  (a) Public buildings;

  (b) Jails and prisons;

  (c) Public roads;

  (d) Public highways;

  (e) Public streets and alleys;

  (f) Public utilities;

  (g) Publicly owned water mains and sewers;

  (h) Public parks and playgrounds;

  (i) Public convention facilities which are financed at least in part with public money; and

  (j) All other publicly owned works and property. See Nevada Revised Statutes 338.010

• Publication: means publication once in a newspaper of general circulation in the district at least 15 days before the designated time or event. See Nevada Revised Statutes 318.020
• Purchasing Division: means the Purchasing Division of the Department of Administration. See Nevada Revised Statutes 333.020
• Purchasing officer: means a person who is authorized by the Administrator or a using agency to facilitate:

  (a) The evaluation of bids or proposals for a contract;

  (b) Any negotiations concerning a contract; or

  (c) The development, review or approval of a contract. See Nevada Revised Statutes 333.020

• Qualified elector: means a person who has registered to vote in district elections. See Nevada Revised Statutes 318.020
• Registered agent: has the meaning ascribed to it in NRS 77. See Nevada Revised Statutes 88.315
• Registered limited-liability limited partnership: means a limited partnership:

  (a) Formed pursuant to an agreement governed by this chapter; and

  (b) Registered pursuant to and complying with NRS 88. See Nevada Revised Statutes 88.315

• Registered office: means the office maintained at the street address of the registered agent. See Nevada Revised Statutes 88.315
• Request for proposals: means a written statement which sets forth the requirements and specifications of a contract to be awarded by competitive selection. See Nevada Revised Statutes 333.020
• Rescission: The cancellation of budget authority previously provided by Congress. The Impoundment Control Act of 1974 specifies that the President may propose to Congress that funds be rescinded. If both Houses have not approved a rescission proposal (by passing legislation) within 45 days of continuous session, any funds being withheld must be made available for obligation.
• Responding offeror: means a person who responds to a solicitation made by a governing body or its authorized representative. See Nevada Revised Statutes 332.025
• Restricted limited partnership: means a limited partnership organized and existing under this chapter that elects to include the optional provisions permitted by NRS 88. See Nevada Revised Statutes 88.315
• Service of process: The service of writs or summonses to the appropriate party.
• Solicitation: means a written statement which sets forth the requirements and specifications of a contract to be awarded by:

  (a) An invitation to bid;

  (b) A request for proposals;

  (c) A request for a statement of qualifications;

  (d) A request for a quotation; or

  (e) Any other accepted method of purchasing that complies with the provisions of this chapter. See Nevada Revised Statutes 332.025

• Special assessment district: means any local public improvement district organized within a general improvement district by the board of trustees of such general improvement district pursuant to this chapter. See Nevada Revised Statutes 318.020
• Special district: means any water district, sanitation district, water and sanitation district, municipal power district, mosquito abatement district, public cemetery district, swimming pool district, television maintenance district, weed control district, general improvement district or any other quasi-municipal corporation organized under the local improvement and service district laws of this State as enumerated in this title. See Nevada Revised Statutes 318A.030
• Specialty contractor: means a person who is licensed to conduct business as described in subsection 4 of NRS 624. See Nevada Revised Statutes 338.010
• State: means a state, territory or possession of the United States, the District of Columbia or the Commonwealth of Puerto Rico. See Nevada Revised Statutes 88.315
• Subcontractor: means a person who:

  (a) Is licensed pursuant to the provisions of chapter 624 of NRS or performs such work that the person is not required to be licensed pursuant to chapter 624 of NRS; and

  (b) Contracts with a contractor, another subcontractor or a supplier to provide labor, materials or services for a construction project. See Nevada Revised Statutes 338.010

• Supplier: means a person who provides materials, equipment or supplies for a construction project. See Nevada Revised Statutes 338.010
• Taylor Grazing Act: means that certain Act of Congress approved June 28, 1934, and being chapter 865, 48 Stat. See Nevada Revised Statutes 323.010
• Trade secret: has the meaning ascribed to it in NRS 600A. See Nevada Revised Statutes 332.025
• Trade secret: has the meaning ascribed to it in NRS 600A. See Nevada Revised Statutes 333.020
• Trustee: means a member of a board of trustees. See Nevada Revised Statutes 318A.030
• Trustees: means the members of a board. See Nevada Revised Statutes 318.020
• Using agencies: means all officers, departments, divisions, institutions, boards, commissions and other agencies in the Executive Department of the State Government which derive their support from public money in whole or in part, whether the money is provided by the State of Nevada, received from the Federal Government or any branch, bureau or agency thereof, or derived from private or other sources. See Nevada Revised Statutes 333.020
• Vertical construction: means any construction, alteration, repair, renovation, demolition or remodeling necessary to complete a public work for any building, structure or other improvement that is predominantly vertical, including, without limitation, a building, structure or improvement for the support, shelter and enclosure of persons, animals, chattels or movable property of any kind, and any other work or improvement appurtenant thereto. See Nevada Revised Statutes 338.010
• Volunteer fire department: means a volunteer fire department which pays premiums for industrial insurance pursuant to the provisions of chapters 616A to 616D, inclusive, or chapter 617 of NRS. See Nevada Revised Statutes 333.020
• Wages: means :

  (a) The basic hourly rate of pay; and

  (b) The amount of pension, health and welfare, vacation and holiday pay, the cost of apprenticeship training or other bona fide fringe benefits which are a benefit to the worker. See Nevada Revised Statutes 338.010

• Worker: means a skilled mechanic, skilled worker, semiskilled mechanic, semiskilled worker or unskilled worker in the service of a contractor or subcontractor under any appointment or contract of hire or apprenticeship, express or implied, oral or written, whether lawfully or unlawfully employed. See Nevada Revised Statutes 338.010
• Writ: A formal written command, issued from the court, requiring the performance of a specific act.