Nev. Rev. Stat. § 231.720
Award of grants
Nevada · Nevada Revised Statutes Chapter 231 — Economic Development, Tourism and Cultural Affairs · Status: effective
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- Citation
- Nev. Rev. Stat. § 231.720, Award of grants, Nevada, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2092423
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Full text
1. The Commission may make a grant of money from the Fund if the Commission finds that the grant will:
(a) Enable an air carrier to commence or continue air service to an airport described in subsection 1 of NRS 231.710; and
(b) Provide economic benefit to this State.
2. The Commission may make a grant of money from the Fund only to:
(a) Guarantee that an air carrier will receive an agreed amount of revenue per flight that the air carrier operates into or out of the airport designated in the application pursuant to paragraph (a) of subsection 2 of NRS 231.710; or
(b) Guarantee a profit goal for the air carrier that is established by agreement between the air carrier and the Commission.