Nevada Policy Scenarios
September 15, 2014
Nevada Policy Scenarios Western Water Policy
In light of population growth, Nevada continues to seek new resources for water consumption.
Options include working with farmers and states such as California, Arizona, Idaho, and even the Country of Mexico. There are also various Lake Mead projects that could supply the needed water, as well as conservation projects within the state of Nevada. Dry winters have left several western states in a drought including Nevada. So Congress passed the Act of July 26, 1866. This act was the foundation of subsequent western water law because it recognized the …show more content…
However, without proper regulation, it is harmless to society to granny credit for gaming (Eadington, 1987.) Nevada is not an exception. With a long history of operating the casino industry, it was until 983 that the Nevada legislature erased the century of court decisions holding that gaming debts are unenforceable. However, casinos still have to do background checks strictly before granting credit to patrons. Although the two jurisdictions have put much emphasis on controlling the credit extension activity. In the United States, Nevada, the gaming industry is more mature so that credit extension to patron is more strictly regulated by Nevada Gaming Control Board. Even though Nevada had a long history of developing the gaming, it was until 1983 that casino credit extension is allowed. Later in 1991, it was amended that “A credit instrument accepted on or after June 1, 1983 and the debt that the credit instrument represents are valid and may be enforced by legal process.”(Citation law 79) We have learned that casino industry is not the common industry that the operators can pursue for profit maximization. This industry creates job opportunities and revenue to the community and government yet not without any side effect. Besides the legal framework, in order to minimize the social cost from casino credit, in my opinion, the jurisdiction needs to develop sound and safe banking system before legalizing casino