231.065 - Powers and duties: Grants to assist projects of economic diversification in certain counties. - Nevada Statutes

231.065  Powers and duties: Grants to assist projects of economic diversification in certain counties.

      1.  The Commission on Economic Development shall provide and administer grants of money to political subdivisions of the State and to local or regional organizations for economic development to assist projects of economic diversification in counties:

      (a) Whose economies are subject to dramatic fluctuations because of their dependence on mining; and

      (b) That do not qualify for funding from the Economic Development Administration of the United States Department of Commerce.

      2.  The Commission shall establish eligibility criteria for recipients and may require a recipient to provide matching funds.

      3.  A recipient of a grant may use the money only to assist projects of economic diversification, including, without limitation:

      (a) Analysis of industrial property;

      (b) Feasibility studies;

      (c) Construction of industrial park infrastructure; and

      (d) Purchase of publicly owned industrial property.

      (Added to NRS by 2005, 22nd Special Session, 112)