NRS 408.146: Sale or lease of certain water rights to public utility; reconveyance.

1. The Board may sell or lease any of the State’s water rights which are appurtenant to real property acquired pursuant to this chapter to a public utility engaged in the business of furnishing water for municipal, industrial and domestic purposes without first offering those water rights to the public.

2. If a public utility wishes to dispose of any water right acquired pursuant to subsection 1, it must be reconveyed to the State.