Nevada Administrative Code
Chapter 445A - Water Controls
ACCOUNT FOR THE REVOLVING FUND AND ACCOUNT FOR SET-ASIDE PROGRAMS
Preliminary Procedures for Financing Water Projects and Other Authorized Activities
Section 445A.67561 - Eligibility for short-term or long-term loan for certain types and costs of water projects; limitations; extension of long-term loan
Current through December 12, 2024
1. The Division shall provide an applicant with a principal forgiveness loan, short-term loan or long-term loan from the Account for the Revolving Fund for a water project pursuant to the criteria set forth in this chapter and chapter 445A of NRS.
2. The Division shall determine the eligibility of a water project to receive a loan from the Account for the Revolving Fund before the Division establishes the priority list pursuant to NAC 445A.67567 to 445A.67571, inclusive.
3. Any change made by an applicant to the design of the proposed water project which the applicant makes after the Division has determined that the water project is eligible for a loan, but before the Board for Financing Water Projects has committed to a loan contract, must be reported by the applicant to the Division not later than 15 days after the applicant changes the design. The Division may decide that a water project is no longer eligible for a loan based upon the design changes.
4. Water projects that are eligible for a loan from the Account for the Revolving Fund are limited to systems which are not owned by the Federal Government that are:
5. Water projects that are eligible for a loan from the Account for the Revolving Fund include, without limitation, water projects which:
6. An applicant may be eligible to receive a loan from the Account for the Revolving Fund if the water project involves:
7. The Division shall decide on a case-by-case basis the costs for which an applicant may receive a loan. The costs of a water project for which an applicant may receive a loan from the Account for the Revolving Fund include, without limitation, costs for:
8. The Division may extend the term of a long-term loan to 40 years or the life of the water project, whichever is shorter, under special conditions for a disadvantaged community.
9. As used in this section:
Added to NAC by Bd. of Health by R067-98, eff. 7-23-98; A by Environmental Comm'n by R128-04, 2-14-2005; R194-08, 10-27-2009; A by R099-14, eff. 10/24/2014; A by R109-22A, eff. 12/29/2022
NRS 445A.270