NAC319.860. Determination of sales price of land; acquisition of land.

Latest version.

     1. The Administrator will not include in his or her determination of the sales price of land any expenses which are incurred by the Division in acquiring and conveying land and which are covered by application fees.

     2. The Division will only acquire land for which it has accepted a sponsor’s application.

     3. If the Division is unsuccessful in acquiring a particular parcel, the Administrator will return all application fees which have been submitted for the purchase of that parcel.

(Added to NAC by Housing Division, eff. 12-16-82; A by R140-01, 8-2-2002; R124-04, 10-4-2004, eff. 7-1-2009)

                    
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