279.496 - Property owned in redevelopment project: Payment of money in lieu of taxes.
279.496 Property owned in redevelopment project: Payment of money in lieu of taxes. The agency may in any year during which it owns property in a redevelopment project pay to any city, county, district or other public corporation which would have levied a tax upon such property, had it not been exempt, an amount of money in lieu of taxes.
(Added to NRS by 1959, 656)