{"data":{"id":"us-nv/nrs-353.710","jurisdiction":"us-nv","citation":"NRS 353.710","heading":"“Grant” defined. [Effective July 1, 2026.]","body":"1. “Grant” means a legal instrument of financial assistance between a state grant-making entity and a private nonprofit corporation that is:\n(a) Used to enter into a relationship for which the principal purpose is to transfer anything of value from the state grant-making entity to the private nonprofit corporation to carry out a public purpose authorized by law and not to acquire real property or services for the direct benefit or use of the state grant-making entity;\n(b) Used to provide for one or more payments in reimbursement for services or other performance under the agreement on a scheduled or other incremental basis; and\n(c) Distinguished from a cooperative agreement in that it does not provide for substantial involvement between the state grant-making entity and the private nonprofit corporation in carrying out the activity contemplated by the award.\n2. The term does not include an instrument that provides only:\n(a) Direct government cash assistance to a person;\n(b) A subsidy;\n(c) A loan;\n(d) A loan guarantee;\n(e) Insurance;\n(f) State funding that is required annually and is calculated based on a formula set in statute; or\n(g) Proceeds from a general obligation bond.","path":["TITLE 31 — PUBLIC FINANCIAL ADMINISTRATION","CHAPTER 353 - STATE FINANCIAL ADMINISTRATION","PAYMENTS MADE BY STATE ENTITY TO PRIVATE NONPROFIT CORPORATION"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-353.html#NRS353Sec710","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:37Z","sha256":"8359a4a9ca6f8f74a4ba3a001b6e765b97ad132d7b7da4a427aac9a7cfdc371f","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-353.700","next":"us-nv/nrs-353.720"},"notice":"GroundRules: Original legal text. Not legal advice."}