Nevada Administrative Code
Chapter 408 - Highways, Roads and Transportation Facilities
INSTALLATION AND RELOCATION OF FACILITIES AND ENCROACHMENTS
Section 408.Sec. 9.1 - NEW
Current through September 16, 2024
In addition to the requirements set forth in section 6 of this regulation, for each application for a loan or other financial assistance submitted to the Bank where the applicant consists of multiple governmental units cooperating under a joint or intergovernmental agreement, the staff of the Bank shall:
1. Review the agreements between the governmental units for consistency with the proposed eligible project and the requested financing.
2. Determine the life of the joint or intergovernmental agreement and assess whether the life of the agreement is consistent with the requested financing term.
3. Confirm that the joint or intergovernmental agreement permits the applicant to enter into a financing agreement with the Bank.
4. Evaluate whether there is official public support for the applicant to enter into a financing agreement with the Bank, which support may consist of a vote of approval by a government body, voter authorization or some other indication of official public support.
Added to NAC by Dep't of Transportation by R017-22A, eff. 4/19/2022
NRS 408.55071
