NRS349.900. Legislative declaration.

  It is the intent of the Legislature to:

      1.  Promote in the broadest sense the economic diversification and safe growth of the economy of the State;

      2.  Provide an attractive opportunity for the investment of venture capital within the State;

      3.  Correct the serious shortage of venture capital available or dedicated to development of new enterprises within the State;

      4.  Ensure that the investment strategies pursued pursuant to NRS 349.900 to 349.929, inclusive, emphasize enterprises in the early stages of development that exhibit the potential for high growth and the capability to use equity capital efficiently so that the ratio of its revenues will be relatively high in comparison to its capital; and

      5.  Ensure that the enterprises funded with the money developed for venture capital pursuant to NRS 349.900 to 349.929, inclusive, are compatible with the plan of the State for economic diversification and development or for the marketing and development of tourism and any modifications thereto, and are of the type that will not cause significant injury to the environment of the State.

      (Added to NRS by 1987, 1404)