Nevada Revised Statutes Title 31. Public Financial Administration § 354.743. Use of leases and lease-purchase and installment-purchase agreements; “Agreement” defined

1. An agreement pursuant to which a local government may acquire the property that is the subject of the agreement at the end of the term of the agreement or at the end of the term of a renewal of the agreement upon payment of no additional consideration or nominal additional consideration; and

2. An agreement that, for the purposes of federal income tax, is treated as an agreement for conditional sale.