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2019 Nevada Revised Statutes
Chapter 408 - Highways, Roads and Transportation Facilities
NRS 408.55023 - Monetary compensation must be deposited in State Highway Fund; in-kind compensation must be fairly valued by Department and used for statewide telecommunications purposes.
Universal Citation: NV Rev Stat § 408.55023 (2019)
1. All monetary compensation collected by the Department pursuant to NRS 408.5502 and 408.55024 must be deposited in the State Highway Fund.
2. Any in-kind compensation received by the Department pursuant to NRS 408.5502 and 408.55024 must be used exclusively for statewide telecommunications purposes and may not be sold or leased in competition with telecommunications providers or Internet service providers. Fair and reasonable valuation of facilities owned by either the Department or a telecommunications provider offered as part of in-kind compensation must be determined by the Department and approved by the Council.
(Added to NRS by 2017, 533)
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