NRS 353.710 “Grant” defined. [Effective July 1, 2026.]

202 words·~1 min read·/nv/chapter-353-state-financial-administration/353-710

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

1. “Grant” means a legal instrument of financial assistance between a state grant-making entity and a private nonprofit corporation that is:

(a)Used to enter into a relationship for which the principal purpose is to transfer anything of value from the state grant-making entity to the private nonprofit corporation to carry out a public purpose authorized by law and not to acquire real property or services for the direct benefit or use of the state grant-making entity;

(b)Used to provide for one or more payments in reimbursement for services or other performance under the agreement on a scheduled or other incremental basis; and

(c)Distinguished from a cooperative agreement in that it does not provide for substantial involvement between the state grant-making entity and the private nonprofit corporation in carrying out the activity contemplated by the award.

2. The term does not include an instrument that provides only:

(a)Direct government cash assistance to a person;

(b)A subsidy;

(c)A loan;

(d)A loan guarantee;

(e)Insurance;

(f)State funding that is required annually and is calculated based on a formula set in statute; or

(g)Proceeds from a general obligation bond.