EXPLANATION – Matter in bolded italics is new; matter between brackets [omitted material] is material to be omitted. Green numbers along left margin indicate location on the printed bill (e.g., 5-15 indicates page 5, line 15).

1-1 Section 1. The division of state lands of the state department of

1-2 conservation and natural resources shall acquire for the state the following

1-3 described parcels of land and the water rights appurtenant thereto, situated

1-4 in Carson City, Nevada: Parcels Nos. 1 and 2 of Record of Survey No. 321

1-5 of the former John Robert Schulz Estate, as prepared and completed by

1-6 Ernest E. Muller, Sr., R.L.S. on October 1, 1968, and recorded in the

1-7 Official Records of Ormsby County, now Carson City, Nevada, on March

1-8 31, 1969, as File No. 49300, containing approximately 34.45 acres of land.

1-9 Sec. 2. If the administrator of the division of state lands and the

1-10 owners of the described parcels of land do not by negotiation agree upon a

1-11 price for the land and appurtenant water rights, the administrator and the

1-12 owners shall each appoint a person certified as a general appraiser under

1-13 chapter 645C of NRS who is experienced in the evaluation of water rights,

1-14 and those two shall choose a third person so qualified. The panel of three

1-15 appraisers shall establish the price for the land and appurtenant water

1-16 rights.

2-1 Sec. 3. 1. The state board of finance shall issue general obligation

2-2 bonds of the state in the amount of the price agreed or fixed by the

2-3 appraisers pursuant to section 2 of this act, at the same time or times as

2-4 other bonds are issued for the capital projects approved by the 70th session

2-5 of the Nevada Legislature.

2-6 2. The expenses related to the issuance of bonds pursuant to this

2-7 section must be paid from the proceeds of the bonds and must not exceed 2

2-8 percent of the face amount of the bonds sold.

2-9 3. The provisions of the State Securities Law, contained in chapter 349

2-10 of NRS, apply to the issuance of bonds pursuant to this section.

2-11 Sec. 4. The legislature finds and declares that the issuance of bonds

2-12 pursuant to section 3 of this act is necessary for the protection and

2-13 preservation of the property and the natural resources of this state and for

2-14 the purpose of obtaining the benefits thereof, and that the issuance

2-15 constitutes an exercise of the authority conferred by the second paragraph

2-16 of section 3 of article 9 of the Constitution of the State of Nevada.

2-17 Sec. 5. This act becomes effective upon passage and approval.