Nevada Administrative Code
Chapter 231 - Economic Development and Tourism
GRANTS FOR REGIONAL COMMERCIAL AIR SERVICE
Section 231.535 - Use of grant; contribution by airport or recipient of grant

1. A grant may only be used to:

2. A recipient of a grant must use the grant to pay 80 percent of the cost of the guarantee set forth in the operating agreement between the local government, the airport and the air carrier. Except as otherwise provided in subsection 3, the remaining 20 percent of the cost of the guarantee must be paid by the airport or the recipient of the grant. The contribution to the cost of the guarantee from the airport or the local government must be in the form of money or in kind, or both. An in-kind contribution may be in the following forms:

3. All or any portion of the contribution required pursuant to subsection 2 may be provided through the recipient of the grant by a connecting airport or any other business entity receiving a benefit from any air service subsidized pursuant to NAC 231.500 to 231.550, inclusive.