396.425 - Purchase of real property. - Nevada Statutes

396.425  Purchase of real property.

      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)