Nevada Code § 37.270

Reversion of property upon repayment of original purchase price; conditions
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Notwithstanding any
other provision of law, property taken pursuant to the provisions of this
chapter must be offered to and reverts to the person from whom the property was
taken upon repayment of the original purchase price if, within 15 years after
obtaining possession of the property, the entity that took the property:
1. Fails to use the property for the
public use for which the property was taken or for any public use reasonably
related to the public use for which the property was taken; or
2. Seeks to convey the right, title or
interest in all or part of that property to any person and the conveyance is
not occurring pursuant to subsection 2 of NRS
37.010 .
The entity
that has taken the property does not fail to use the property under subsection
1 if the entity has begun active planning for or design of the public use, the
assembling of land in furtherance of planning for or design of the public use
or construction related to the public use.

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