Nevada Revised Statutes Title 27. Public Property and Purchasing § 334.070. Lease of property to promote conservation of energy; hearing

(a) At a reduced rate in return for the right to purchase energy at a reduced rate; or

(b) Whereby the lessee agrees to construct a facility designed to conserve energy on the property and thereafter lease the property back to the governing body.

(a) Promote the conservation of energy and reduce the use of fossil fuels;

(b) Promote the use of types of energy which are alternatives to fossil fuels; and

(c) Result in a reduction in the amount of money spent for the energy used by the public body, which reduction is equal to or greater than the amount of money by which the rate of the lease is reduced below market value.

(a) Posted at the principal office of the public body or the building in which the hearing is to be held; and

(b) Published in a paper of general circulation within the jurisdiction of the public body at least once a week for 2 weeks,

(a) “Facility designed to conserve energy” includes any work or improvement which operates to reduce the use of fossil fuel and use energy more efficiently, including equipment used in the production of alternative sources of energy, for cogeneration and for the maintenance and management of loads.

(b) “Public body” means the State or a county, city, town, school district or any public agency of this state or its political subdivisions.