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2013 Nevada Revised Statutes
Chapter 396 - Nevada System of Higher Education
NRS 396.425 - Purchase of real property.


NV Rev Stat § 396.425 (2013) What's This?

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.

(Added to NRS by 1967, 1094)

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