Environmental
What is 'environmental impact assessment' and when is it required for Nevada development?
AA required inspection for all Nevada home purchases
BAn analysis of the potential environmental effects of a proposed development — required under NEPA for federal actions and actions on federal land (common in Nevada given BLM land), and under Nevada law for certain state-permitted projects✓ Correct
CAn assessment only required for industrial projects over 50,000 sq ft
DA private study commissioned voluntarily by Nevada developers
Explanation
The National Environmental Policy Act (NEPA) requires Environmental Impact Statements (EIS) for major federal actions significantly affecting the environment. In Nevada, where approximately 67% of land is federally managed, many development projects require NEPA review — including commercial development on BLM land, road construction through federal lands, and activities requiring federal permits.
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Key Terms to Know
Private Mortgage Insurance (PMI)
Insurance required by lenders on conventional loans with less than 20% down payment, protecting the lender — not the borrower — against default.
ZoningLocal government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
VarianceOfficial permission to use land in a way that does not conform to the applicable zoning ordinance, granted by a zoning board when strict enforcement would cause undue hardship.
Eminent DomainThe power of government to take private property for public use, with the requirement to pay the owner just compensation.
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