{"data":{"id":"us-nv/nrs-354.743","jurisdiction":"us-nv","citation":"NRS 354.743","heading":"Use of leases and lease-purchase and installment-purchase agreements: “Agreement” defined.","body":"As used in NRS 354.740 and 354.745, “agreement” means an agreement to purchase property in the form of a lease or an agreement to pay in installments, pursuant to which a local government 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 a local government may acquire the property that is the subject of the agreement at the end of the term of the agreement or at 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 354 - LOCAL FINANCIAL ADMINISTRATION","ALTERNATIVE METHODS OF FINANCING BY LOCAL GOVERNMENTS"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-354.html#NRS354Sec743","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:37Z","sha256":"aaab57a0bc734374b656e3f0283f680f4f061a7d144e49239e12761f8b3a15b9","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-354.740","next":"us-nv/nrs-354.745"},"notice":"GroundRules: Original legal text. Not legal advice."}