Nevada Administrative Code
Chapter 348A - Issuance of Private Activity Bonds
Section 348A.165 - Reports to Office of Business Finance and Planning; consideration of whether local government or local agency has abandoned any of its volume cap

Universal Citation: NV Admin Code 348A.165

Current through September 16, 2024

1. Each local government or local agency which, on or before December 31 of any year, has indicated, through adoption of a resolution or otherwise, that it has used, intends to use or has reserved its entire allocation of volume cap, or a portion thereof, for a specific project or use for that year, or which has carried forward any volume cap in any of the immediately preceding 3 years, shall file a report concerning that year with the Office of Business Finance and Planning of the Department.

2. The report must be filed on or before February 15 of the subsequent year, and set forth with respect to the local government or local agency for the year covered by the report:

(a) The amount and source of its volume cap used during that year for each project and authorized use;

(b) The amount and authorized use of its volume cap carried forward from that year to the subsequent year; and

(c) The amount of its volume cap carried forward from each of the immediately preceding 3 years and available during that year, including:
(1) The amount of such volume cap used during that year;

(2) The amount of such volume cap carried forward to the subsequent year;

(3) The amount of such volume cap abandoned during that year; and

(4) The name of the project or authorized use to which such volume cap relates.

3. The Director will consider whether a local government or local agency has abandoned any of its volume cap in determining whether to consent to any augmentation or transfer of any volume cap pursuant to NAC 348A.170 and 348A.180 or to approve the transfer of any volume cap pursuant to NAC 348A.230.

Added to NAC by Dep't of Business & Industry by R140-06, eff. 9-18-2006

NRS 348A.040

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