NRS 349.980 – Definitions.

As used in NRS 349.980 to 349.987, inclusive, unless the context otherwise requires: 1. “Board” means the Board for Financing Water Projects created pursuant to NRS 349.957. 2. “Community sewage disposal system” means a public system of sewage disposal which is operated for the benefit of a county, city, district or other political subdivision of […]

NRS 349.981 – Program to provide grants for water conservation and capital improvements to certain water systems; Board for Financing Water Projects to determine recipients of grants; applicability to certain recipients of provisions governing public works.

1. There is hereby established a program to provide grants of money to: (a) A purveyor of water to pay for costs of capital improvements to publicly owned community water systems and publicly owned nontransient water systems required or made necessary by the State Environmental Commission pursuant to NRS 445A.800 to 445A.955, inclusive, or made […]

NRS 349.982 – Powers and duties of Board for Financing Water Projects: Administration of program; adoption of regulations; use of money in Fund to defray certain costs and expenses; imposition of administrative fee.

1. The Board shall administer the program and shall adopt regulations necessary for that purpose. 2. The regulations must provide such requirements for participation in the program as the Board deems necessary. 3. The money in the Fund may be used to defray, in whole or in part, the costs of administering the Fund and […]

NRS 349.983 – Purveyors of water that are eligible to receive grants; preference for smaller systems; matching money from other sources.

1. Grants may be made pursuant to paragraph (a) of subsection 1 of NRS 349.981 only for the Lincoln County Water District and those community and nontransient water systems that: (a) Were in existence on January 1, 1995; and (b) Are currently publicly owned. 2. In making its determination of which purveyors of water are […]

NRS 349.984 – Fund for Grants for Water Conservation, Capital Improvements to Certain Water Systems and Improvements to Certain Sewage Disposal Systems: Creation; use; payment of claims.

1. The Fund for Grants for Water Conservation, Capital Improvements to Certain Water Systems and Improvements to Certain Sewage Disposal Systems is hereby created. 2. Except as otherwise provided by subsections 3 and 4 of NRS 349.982, the money in the Fund must be used only to make grants in furtherance of the program. 3. […]

NRS 349.985 – Fund for Grants for Water Conservation, Capital Improvements to Certain Water Systems and Improvements to Certain Sewage Disposal Systems: Deposit of money; interest and income credited to Fund.

All money received for the Fund from: 1. The issuance of bonds pursuant to NRS 349.986; or 2. Any other source, must be deposited with the State Treasurer to the credit of the Fund. The interest and income earned on the money in the Fund, after deducting any applicable charges, must be credited to the […]

NRS 349.986 – General obligation bonds.

1. The State Board of Finance shall issue general obligation bonds of the State of Nevada to support the purposes of the program established by NRS 349.981. The aggregate principal amount of such bonds outstanding at any one time may not exceed $125,000,000. 2. The net proceeds from the sale of the bonds must be […]

NRS 349.987 – Applicability of State Securities Law and certain provisions governing financing of water projects.

1. The provisions of NRS 349.150 to 349.364, inclusive, which are not inconsistent with the provisions of NRS 349.980 to 349.987, inclusive, apply to the bonds issued pursuant to NRS 349.986. 2. The provisions of NRS 349.935 to 349.956, inclusive, and 349.961 do not apply to the program or to any grants made or bonds […]