{"data":{"id":"us-nv/nrs-353.510","jurisdiction":"us-nv","citation":"NRS 353.510","heading":"“Agreement” defined.","body":"“Agreement” means an agreement to purchase property, in the form of a lease or an agreement to pay in installments, pursuant to which the State of Nevada or a state agency may pay the purchase price of real or personal property over a period of time which extends beyond the biennium in which the agreement is executed, including, without limitation:\n1. An agreement pursuant to which the State of Nevada or a state agency may acquire the property that is the subject of the agreement at the end of the term of the agreement or the end of the term of a renewal of the agreement upon payment of no additional consideration or nominal additional consideration; and\n2. An agreement that, for the purposes of federal income tax, is treated as an agreement for conditional sale.","path":["TITLE 31 — PUBLIC FINANCIAL ADMINISTRATION","CHAPTER 353 - STATE FINANCIAL ADMINISTRATION","INSTALLMENT-PURCHASE AND LEASE-PURCHASE AGREEMENTS"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-353.html#NRS353Sec510","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:37Z","sha256":"7647ccf771151ca2ba6290be62106502a18377af3526916db3f89bf59575738e","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-353.500","next":"us-nv/nrs-353.520"},"notice":"GroundRules: Original legal text. Not legal advice."}