Nevada Administrative Code
Chapter 445A - Water Controls
ACCOUNT FOR THE REVOLVING FUND AND ACCOUNT FOR SET-ASIDE PROGRAMS
Filing, Review and Approval of Applications for Financial Assistance
Section 445A.676146 - Use of rate structures for repayment of loan

Universal Citation: NV Admin Code 445A.676146

Current through September 16, 2024

1. If the Division determines that it is necessary for an applicant to impose a separate rate structure to repay a loan for a water project, the applicant shall:

(a) Adopt a resolution or take such other action as is required to impose its system of user charges, contingent upon the commitment of money requested by the applicant; and

(b) Submit to the Division documentation of the adoption of the resolution or other action, before the Board for Financing Water Projects takes action on a water project for which the Division has submitted a recommendation pursuant to NAC 445A.67619.

2. If an applicant intends to use an existing rate structure for a public water system to repay a loan, the applicant shall provide the appropriate documentation to the Division to verify that the use of the existing rate structure will generate enough income to enable the applicant to repay the loan.

Added to NAC by Bd. of Health by R067-98, eff. 7-23-98; A by Environmental Comm'n by R099-14, 10-24-2014 - Substituted in revision for NAC 445A.67633

NRS 445A.270

Disclaimer: These regulations may not be the most recent version. Nevada may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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