If the Director awards to a railroad company a contract for a project for the construction, reconstruction, improvement or maintenance of a highway and the project is located on property that is owned by or under the control of the railroad company, the contract may provide that the railroad company is not required to file, furnish or obtain a payment bond, performance bond or any other bond that would otherwise be required pursuant to the provisions of this chapter.
NRS 408.354
Contract awarded to railroad company may provide under certain circumstances that railroad company is exempt from requirements concerning bonds
Known as the Highways and Roads Law
The act spans §§ 408–408 (248 sections).
(Added to NRS by 2001, 636)
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.