As used in NRS 271.6301 to 271.6325, inclusive, unless the context otherwise requires, the words and terms defined in NRS 271.6302 to 271.631, inclusive, have the meanings ascribed to them in those sections. (Added to NRS by 2021, 3242)
“Capital provider” means any private entity or the designee, successor or assign of the private entity that provides direct financing or refinancing for a qualified improvement project pursuant to the provisions of NRS 271.6301 to 271.6325, inclusive. (Added to NRS by 2021, 3242)
“Energy efficiency improvement project” means the installation or modification of one or more energy efficiency improvements that decrease or support the decrease of energy consumption or demand for energy through the use of efficiency technologies, products or activities and incidentals which are necessary, useful or desirable for any such improvements and which installation or modification […]
“Financing agreement” means the contract pursuant to which a property owner or lessee, as applicable, agrees to repay the capital provider for financing or refinancing a qualified improvement project, including, without limitation, any finance charges, fees, debt servicing, interest, penalties and any other provision relating to the treatment of prepayment or partial payment, billing, collection […]
“Program guide” means the comprehensive document adopted by a governing body pursuant to NRS 271.6325 that sets forth standard forms and establishes any appropriate guidelines, specifications and criteria for the underwriting and approval of a qualified improvement project. (Added to NRS by 2021, 3242)
“Property owner” means all of the owners of record of the tract on which a qualified improvement project is installed. (Added to NRS by 2021, 3242)
“Qualified improvement project” means one or more of the following projects which are permanently affixed to real property in an existing structure or in new construction, performed pursuant to NRS 271.6301 to 271.6325, inclusive: 1. Energy efficiency improvement project. 2. Renewable energy project. 3. Resiliency project. 4. Water efficiency improvement project. (Added to NRS by […]
“Renewable energy project” means any improvement to real property, and facilities and equipment used to generate electricity from renewable energy to offset customer load in whole or in part on the real property, or to support the production of renewable or thermal energy including, without limitation, energy storage, and all appurtenances and incidentals necessary, useful […]
“Resiliency project” means an improvement to real property, facilities or equipment with a useful life of not less than 10 years that: 1. Increases a building’s structural resiliency for seismic events; 2. Improves indoor air quality; 3. Improves wind and fire resistance; 4. Improves stormwater quality or reduces on-site or off-site risk of flash flooding; […]
“Water efficiency improvement project” means an improvement to real property, facilities or equipment, and all necessary appurtenances and incidentals thereto, with a useful life of not less than 10 years that is designed to: 1. Reduce the water consumption of the real property; or 2. Conserve or remediate water, in whole or in part, on […]
