Nevada Administrative Code
Chapter 445A - Water Controls
FINANCIAL ASSISTANCE FOR CONSTRUCTION OF WASTEWATER TREATMENT WORKS AND POLLUTION CONTROL PROJECTS
General Provisions
Section 445A.728 - Purpose and use of revolving fund created pursuant to Clean Water Act
Universal Citation: NV Admin Code 445A.728
Current through September 16, 2024
1. The primary purpose of the fund is to provide financial assistance as described in this section, other than grants, to municipalities for the construction of publicly owned wastewater treatment works and for the implementation of programs for the management of nonpoint sources of water pollution.
2. The fund may be used to:
(a) Provide a loan at or
below the market rate of interest;
(b) Guarantee a municipal obligation or
purchase insurance for such an obligation if required to improve access to
credit or reduce the rate of interest paid by the municipality; or
(c) Refinance a municipal obligation for an
eligible wastewater facility at or below market rates if the debt is incurred
and construction begins after March 7, 1985. A municipality that requests
refinancing must comply with all the requirements of NAC 445A.685 to 445A.805,
inclusive.
Added to NAC by Environmental Comm'n, eff. 9-19-90-Substituted in revision for NAC 445.42093
NRS 445A.135
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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