Nev. Admin. Code § 361.210 — 361.210

NAC 361.210    “Advance payments for gas” defined. ( NRS 360.090 , 361.320 )    “Advance
payments for gas” means cash payments made to producers to finance exploration
for gas. If any gas is discovered, the company making the advance payment has
the right to bid on or buy all or part of the discovered gas. Repayment of the
advance is taken in the form of delivered gas.
[Tax Comm’n, Property Tax Reg. part No. 15, eff. 10-30-79]