Nevada Administrative Code
Chapter 408 - Highways, Roads and Transportation Facilities
INSTALLATION AND RELOCATION OF FACILITIES AND ENCROACHMENTS
Section 408.Sec. 7.1 - NEW

1. Determine the amount of revenue available for pledging from the revenue source.

2. Verify that the purpose of the financing can be legally secured by the proposed revenue source.

3. Evaluate the historical receipt of revenues from the proposed revenue source.

4. Evaluate the historical expenses and transfers paid from the proposed revenue source.

5. Determine the amount and pledge status of any outstanding debt or other proposed debt secured or to be secured by the proposed revenue source.

6. Calculate the amount of cash flow available for debt service and the debt service coverage ratio.

7. Unless the application is for a loan or other financial assistance through the Affordable Housing Revolving Account created by section 18 of this regulation, if the amount of cash flow available for debt service is insufficient to demonstrate that the applicant is able to repay the requested loan or other financial assistance and any existing and other proposed debt, determine if the applicant has cash available in an amount sufficient to establish a rate stabilization fund or debt service reserve fund.

8. Measure the revenue from the pledged source against the total operating budget of the applicant.

9. Determine the effect on the operating budget if the specific revenue is used for financing purposes.

10. Determine the impact of the loan or other financial assistance from the Bank on the fund balances and projected cash flow of the applicant.

11. If the applicant has a credit rating, determine the impact of the loan or other financial assistance on the credit rating of the applicant.