1. At the time and place fixed in the notice for the meeting required by NRS 393.3251, the clerk of the board of trustees shall read the public notice. 2. The president of the board of trustees shall then ask for any: (a) Protests to the proposed lease. (b) Proposals from any individuals or associations interested in leasing the property. The board of trustees shall not consider any such proposal unless the amount of the rental is at least 5 percent greater than the amount specified in the original proposal and the notice. 3. After hearing any protests or additional proposals, the board of trustees shall determine whether to lease or rent such property, and if so, it shall accept the highest oral bid if such bid is made by a responsible person and meets the requirements of subsection 2. (Added to NRS by 1969, 274)
Nevada Legal Code