Nevada Administrative Code
Chapter 445A - Water Controls
ACCOUNT FOR THE REVOLVING FUND AND ACCOUNT FOR SET-ASIDE PROGRAMS
Requirements for Water Projects
Section 445A.67633 - Use of rate structures for repayment of loan
Universal Citation: NV Admin Code 445A.67633
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 us an existing rate structure for a public water system to repay a loan, the recipient shall provide the appropriate documentation to verify that the use of the existing rate structure will generate enough income to enable the recipient to repay the loan.
Added to NAC by Bd. of Health by R067-98, eff. 7-23-98; A by R099-14, eff. 10/24/2014
NRS 445A.270
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