As used in this chapter: 1. “Council” means the Private Activity Bond Council created by NRS 348A.050. 2. “Director” means the Director of the Department of Business and Industry. 3. “Private activity bond” has the meaning ascribed to it in 26 U.S.C. § 141. 4. “State ceiling” has the meaning ascribed to it in 26 […]
For the purpose of determining, within the limitations established by 26 U.S.C. § 146, the aggregate face amount of private activity bonds which may be issued during any calendar year: 1. The volume cap for the Director is, for any calendar year, 50 percent of the state ceiling for that year, subject to augmentation or […]
The Director or any officer or employee of the State designated in writing by the Governor or the Director may make the certification required by 26 U.S.C. § 149(e)(2)(F). (Added to NRS by 1987, 479)
The Director may adopt such regulations as are necessary to carry out the provisions of this chapter, including: 1. Procedures by which volume caps may be augmented or diminished within the state ceiling for any calendar year; 2. Requirements for the timely use or reversion of the volume cap for any local government; and 3. […]
1. The Private Activity Bond Council is hereby created. 2. The Council consists of seven members as follows: (a) The Director, or his or her designee, who shall serve as Chair of the Council; (b) The Executive Director of the Office of Economic Development, or his or her designee; (c) One member who is a […]
The Council shall: 1. Receive and consider the annual report concerning housing submitted by the Advisory Committee on Housing, created by NRS 319.174; 2. Advise the Governor, the State Board of Finance or the Director on the allocation of the state ceiling for the issuance of private activity bonds during any calendar year; and 3. […]
