Nevada Code § 349.900

Legislative declaration
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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.

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