ges, application or processing fees, costs of closing on the agreement, filing or administrative charges and fees paid to a notary public; (e) The amount to be paid to the payee for the transfer after deducting the expenses; (f) The amount of any liquidated damages which the payee is required to pay if he breaches the transfer agreement; (g) The discounted present value of the payments under the structured settlement that are proposed to be transferred and the discount rate used to determine that value; and (h) If adverse tax consequences exist, a statement which informs the payee that such a transfer may subject him to adverse tax consequences with regard to the payment of federal income tax. 5. Compliance with the requirements set forth in this section may not be waived. 6. As used in this section: (a) “Annuity issuer” means an insurer who has issued a contract to fund periodic payments under a structured settlement; (b) “Dependents” include, without limitation, the spouse of a payee, any minor child of a payee and any other person for whom the payee is legally obligated to provide support, including, without limitation, alimony; (c) “Independent professional advice” means advice of an attorney, certified public accountant, actuary or other licensed professional adviser; (d) “Interested parties” means the payee, any beneficiary irrevocably designated under the annuity contract to receive payments following the death of the payee, the annuity issuer, any person who is obligated to make payments pursuant to the structured settlement and any other party who has continuing rights or obligations under the structured settlement; (e) “Payee” means a person who is receiving tax-free payments under a structured settlement and proposes to make a transfer of the right to receive payments under that structured settlement; (f) “Periodic payments” includes, without limitation, both recurring payments and scheduled future lump-sum payments; (g) “Settled claim” means the original tort claim or workers’ compensation claim resolved by a structured settlement; (h) “Structured settlement” means an arrangement for periodic payment of damages for personal injuries or sickness established by settlement or judgment in resolution of a tort claim or for periodic payments in settlement of a workers’ compensation claim; (i) “Transfer” means any sale, assignment, pledge, hypothecation or other alienation or encumbrance by a payee for consideration of the right to receive payments pursuant to a structured settlement; and (j) “Transferee” means a party acquiring or proposing to acquire the right to payments pursuant to a structured settlement through a transfer. (Added to NRS by 2003, 1665) CHAPTER 43 - JUDICIAL CONFIRMATION NRS 43.010 Short title. NRS 43.020 Legislative declaration. NRS 43.030 Definitions. NRS 43.040 “Act” defined. NRS 43.050 “Executive Officer” defined. NRS 43.060 “Governing body” defined. NRS 43.070 “Instrument” defined. NRS 43.080 “Municipality” defined. NRS 43.090 “Project” defined. NRS 43.100 Petition for judicial examination and determination of validity of power, instrument, act or project: Facts; verification. NRS 43.110 Action in nature of proceeding in rem; jurisdiction of parties. NRS 43.120 Notice of filing of petition: Contents; service by publication and posting. NRS 43.130 Owner of property or interested party may move to dismiss or answer; effect of failure to appear. NRS 43.140 Hearing; findings; judgment and decree; costs. NRS 43.150 Review of judgment: Time for application. NRS 43.160 Applicability of Nevada Rules of Civil Procedure; early hearings. NRS 43.170 Effect of chapter. _________ NRS 43.010 Short title. This chapter shall be known as the Judicial Confirmation Law. (Added to NRS by 1969, 134) NRS 43.020 Legislative declaration. The Legislature of the State of Nevada determines, finds and declares in connection with this chapter: 1. An early judicial examination into and determination of the validity of any power, instrument, act or project of any municipality promotes the health, comfort, safety, convenience and welfare of the people of this state. 2. The provision in this chapter of the purposes, powers, duties, privileges, immunities, rights, liabilities and disabilities pertaining to municipalities will serve a public function and effect a public purpose. 3. Any notice provided for in this chapter is reasonably calculated to inform each person of interest in any proceedings thereunder which may directly and adversely affect his legally protected interests, if any. 4. The rule of strict construction shall have no application to this chapter, but this chapter shall be liberally construed to effect the purposes and objects for which it is intended. (Added to NRS by 1969, 134) NRS 43.030 Definitions. Except where the context otherwise requires, the definitions in NRS 43.040 to 43.090, inclusive, govern the construction of the Judicial Confirmation Law. (Added to NRS by 1969, 135) NRS 43.040 “Act” defined. “Act” means any action, proposed or taken, by a municipality in the exercise of any power. (Added to NRS by 1969, 135) NRS 43.050 “Executive Officer” defined. “Executive Officer” means the de jure or de facto Governor of this state, mayor, chairman, president or other titular head or chief official of the municipality proceeding under this chapter, but “Executive Officer” does not include a city manager, county manager or other chief administrator of a municipality who is not its titular head. (Added to NRS by 1969, 136) NRS 43.060 “Governing body” defined. 1. “Governing body” means: (a) The state commission or state board responsible for the exercise of a power by the State or responsible for an instrument, act or project of the State to which court proceedings authorized by this chapter and initiated by the State pertain; and (b) The city council, city commission, board of supervisors, board of commissioners, board of trustees, board of directors, board of regents or other legislative body of a municipality proceeding under this chapter. 2. “Governing body” does not include the Legislature of the State of Nevada if the municipality is the State or any corporation, instrumentality or other agency thereof. (Added to NRS by 1969, 135) NRS 43.070 “Instrument” defined. “Instrument” means any contract, deed, bond, other security, proceedings or other document of any kind, proposed, or executed or otherwise made, and pertaining to a municipality proceeding under this chapter. (Added to NRS by 1969, 135) NRS 43.080 “Municipality” defined. “Municipality” means the State of Nevada, or any corporation, instrumentality or other agency thereof, or any incorporated city, any unincorporated town, or any county, school district, conservancy district, drainage district, irrigation district, general improvement district, other corporate district constituting a political subdivision of this State, housing authority, urban renewal authority, other type of authority, the Nevada System of Higher Education, the Board of Regents of the University of Nevada, or any other body corporate and politic of the State of Nevada, but excluding the Federal Government. (Added to NRS by 1969, 135; A 1983, 111; 1987, 1717; 1993, 362; 2005, 362) NRS 43.090 “Project” defined. “Project” means any undertaking, proposed or taken, to which a power, instrument or act of a municipality proceeding under this chapter and before a court for judicial confirmation pertains. (Added to NRS by

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