396.425 - Purchase of real property.
396.425 Purchase of real property.
1. The Board of Regents may purchase real property for cash or by making a cash down payment and executing or assuming an obligation to pay the remainder of the price in deferred installments.
2. Such obligation may be secured by a mortgage or deed of trust of the real property acquired, but shall not constitute an obligation of the State of Nevada.
(Added to NRS by 1967, 1094)