GroundRules
NRS 396.425: Purchase of real property.
Where this section sits in the code
- TITLE 34 — EDUCATION
- CHAPTER 396 - NEVADA SYSTEM OF HIGHER EDUCATION
- PROPERTY; CAPITAL IMPROVEMENTS; EQUIPMENT; MATERIALS AND SUPPLIES
1. The Board of Regents may purchase real property for cash or by making a cash down payment and executing or assuming an obligation to pay the remainder of the price in deferred installments.
2. Such obligation may be secured by a mortgage or deed of trust of the real property acquired, but shall not constitute an obligation of the State of Nevada.
Collected 2026-09-03T05:51:39Z. Source file · JSON