Nev. Rev. Stat. § 361.99 — Exemption of certain real and personal property leased or rented to Nevada System of Higher Education

NRS  361.099    Exemption of certain real and personal property leased or rented
to Nevada System of Higher Education.    All
real and personal property which is leased or rented to the Nevada System of
Higher Education for total consideration which is less than 10 percent of the
fair market rental or lease value of the property is hereby deemed to be used
for an educational purpose and is exempt from taxation.