NRS231A.310. Qualified community development entity not entitled to pay to affiliates fees in connection with qualified investments before decertification.

Latest version.

A qualified community development entity is not entitled to pay to any affiliate of the qualified community development entity any fees in connection with any activity under this chapter before decertification pursuant to NRS 231A.300 of all qualified equity investments issued by the qualified community development entity. This section does not prohibit a qualified community development entity from allocating or distributing income earned by it to such affiliates or paying reasonable interest on amounts loaned to the qualified community development entity by those affiliates.

(Added to NRS by 2013, 3453)

                    
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