2-19 inclusive, and section 1 of this act may be cited as the Community

2-23 or more of the following factors:

2-24 1. The existence of buildings and structures, used or intended to be

2-25 used for residential, commercial, industrial or other purposes, or any

2-26 combination thereof, which are unfit or unsafe for those purposes and are

2-27 conducive to ill health, transmission of disease, infant mortality, juvenile

2-28 delinquency or crime , or which retard the development of adequate

2-29 housing or constitute an economic or social liability in their present

2-30 condition and use, because of one or more of the following factors:

2-31 (a) Defective design and character of physical construction ; [.]

2-32 (b) Faulty arrangement of the interior and spacing of buildings ; [.]

2-33 (c) Overcrowding ; [.]

2-34 (d) Inadequate provision for ventilation, light, sanitation, open spaces

2-35 and recreational facilities ; [.]

2-36 (e) Age, obsolescence, deterioration, dilapidation, mixed character or

2-37 shifting of uses [.] ; or

2-38 (f) An inability to pay for improvements to such buildings and

2-39 structures through a general improvement district or because of an

2-40 inadequate tax base.

3-29 amendments to the plan must terminate at the end of the fiscal year in

3-30 which the principal and interest of the last maturing of the securities issued

3-31 before that date are fully paid or [at the time provided in NRS 279.439,] 45

3-32 years after the date on which the original redevelopment plan was

3-36 1. From time to time prepare plans for the improvement, rehabilitation

3-37 and redevelopment of blighted areas.

3-38 2. Disseminate redevelopment information.

3-39 3. Accept financial or other assistance from any public or private

3-40 source, for the agency’s activities, powers and duties, and expend any funds

4-13 redevelopment an agency may:

4-14 1. Purchase, lease, obtain option upon, acquire by gift, grant, bequest,

4-15 devise or otherwise, any real or personal property, any interest in property

4-16 and any improvements thereon.

4-17 2. [Acquire] Except as otherwise provided in section 1 of this act,

4-18 acquire real property by eminent domain.

4-19 3. Clear buildings, structures or other improvements from any real

4-20 property acquired.

4-21 4. Sell, lease, exchange, subdivide, transfer, assign, pledge, encumber

4-22 by mortgage, deed of trust or otherwise, or otherwise dispose of any real or

4-23 personal property or any interest in property.

4-24 5. Insure or provide for the insurance of any real or personal property

4-25 or operations of the agency against risks or hazards.

4-29 shall make all [of] the payments required [in] by chapter 342 of NRS and

4-30 the regulations adopted by the director of the department of transportation

4-31 pursuant [to NRS 342.005] thereto for programs or projects for which

4-32 federal financial assistance is received to pay all or any part of the cost of

4-33 that program or project.

4-34 2. This section does not limit any other authority which an agency may

4-35 have to make other payments for assistance for relocation or to make any

4-36 payment for that assistance which exceeds the amount authorized in

4-37 regulations adopted by the director of the department of transportation

4-41 acquired in a redevelopment project to:

4-42 (a) Use the property for the purpose designated in the redevelopment

5-24 participation and assistance in the redevelopment of property in the

5-25 redevelopment area by the owners of all or part of that property if the

5-26 owners agree to participate in conformity with the redevelopment plan

5-27 adopted by the legislative body for the area.

5-28 2. With respect to each redevelopment area, each agency shall, before

5-29 the adoption of the redevelopment plan, adopt and make available for

5-30 public inspection rules to implement the operation of this section in

5-31 connection with that plan.

5-32 3. Every redevelopment plan must contain [alternative] provisions for

5-33 redevelopment of the property if the owners fail to participate in the

5-37 redevelopment plan, or in the proceedings for the advance of money, or the

5-38 making of loans, or the incurring of any indebtedness, whether funded,

5-39 refunded, assumed or otherwise, by the redevelopment agency to finance or

5-40 refinance, in whole or in part, the redevelopment project, the portion of

5-41 taxes mentioned in paragraph (b) of subsection 1 of NRS 279.676 may be

5-42 irrevocably pledged for the payment of the principal of and interest on

6-3 section, an agency of a city whose population is 200,000 or more that

6-4 receives revenue from taxes pursuant to paragraph (b) of subsection 1 of

6-5 NRS 279.676 shall set aside not less than 15 percent of that revenue

6-6 received on or before October 1, 1999, and 18 percent of that revenue

6-7 received after October 1, 1999, to increase, improve and preserve the

6-8 number of dwelling units in the community for low-income households.

6-9 2. The obligation of an agency to set aside not less than 15 percent of

6-10 the revenue from taxes allocated to and received by the agency pursuant to

6-11 paragraph (b) of subsection 1 of NRS 279.676 is subordinate to any

6-12 existing obligations of the agency. As used in this subsection, "existing

6-13 obligations" means the principal and interest, when due, on any bonds,

6-14 notes or other indebtedness whether funded, refunded, assumed or

6-15 otherwise incurred by the agency before July 1, 1993, to finance or

6-16 refinance in whole or in part, the redevelopment of a redevelopment area.

6-17 For the purposes of this subsection, obligations incurred by an agency after

6-18 July 1, 1993, shall be deemed existing obligations if the net proceeds are

6-19 used to refinance existing obligations of the agency.

6-20 3. The obligation of an agency to set aside an additional 3 percent of

6-21 the revenue from taxes allocated to and received by the agency pursuant

6-22 to paragraph (b) of subsection 1 of NRS 279.676 is subordinate to any

6-23 existing obligations of the agency. As used in this subsection, "existing

6-24 obligations" means the principal and interest, when due, on any bonds,

6-25 notes or other indebtedness whether funded, refunded, assumed or

6-26 otherwise incurred by the agency before October 1, 1999, to finance or

6-27 refinance in whole or in part, the redevelopment of a redevelopment

6-28 area. For the purposes of this subsection, obligations incurred by an

6-29 agency after October 1, 1999, shall be deemed existing obligations if the

6-30 net proceeds are used to refinance existing obligations of the agency.

6-31 4. The agency may expend or otherwise commit money for the

6-35 displacement of a natural person or a business, each governmental body , or

6-36 person acting on behalf of, under contract with or in cooperation with

6-37 the governmental body, shall adopt policies pursuant to NRS 342.015 to

6-38 342.075, inclusive, to provide relocation assistance and make relocation

6-39 payments to each person , whether an owner or a tenant, who is displaced

6-40 from his dwelling or business establishment as a result of the acquisition of

6-41 property in a manner substantially similar to and in amounts equal to or

6-42 greater than those which are provided for in the federal Uniform Relocation