1. 1. The Authority may:

   1. (a) Except as otherwise provided in paragraph (b), operate in any area of the State which is not included within the corporate limits of a city or town having a population of 150,000 or more.

   2. (b) Provide services in any area of the State if the Authority has contracted with the State or a local government to provide those services in that area. As used in this paragraph, “services” does not include:

      1. (1) The making of a mortgage loan pursuant to NRS 315.9981 to 315.99874, inclusive;
      2. (2) The issuance of a mortgage credit certificate;
      3. (3) The issuance of bonds to finance a multifamily housing project;
      4. (4) The allocation of a low-income housing tax credit; or
      5. (5) Weatherization other than an assessment or inspection of property for weatherization.
2. 2. As used in this section, “weatherization” means materials or measures, and their installation, that are used to improve the thermal efficiency of a building, facility, residence or structure.

(Added to NRS by 2005, 212; A 2011, 1213, 1379)