Nev. Rev. Stat. § 278.02598

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1
Section 278.02598 - Governing body authorized to negotiate master development agreements to carry out plan for infrastructure
1. A governing body may carry out the plan for infrastructure by negotiating master development agreements, independently or in conjunction with an interlocal agreement for the area.
2. As used in this section, "master development agreement" means a written agreement:
(a) Between a governing body and a person who has a legal or equitable interest in land that is entered into upon the application of the person who wishes to develop that land;
(b) To enable the governing body to distribute equitably the costs to develop infrastructure for an area of land that is undeveloped land; and
(c) That is based on an analysis of the need for infrastructure that is prepared pursuant to NRS 278.02591.

NRS 278.02598

Added to NRS by 1999, 3365; A 2015, 315
Amended by 2015, Ch. 79,§12, eff. 7/1/2015.
Added to NRS by 1999, 3365