NRS 349.958 – Board for Financing Water Projects: Compensation of members.
1. Each voting member of the Board is entitled to receive a salary of not more than $80 per day, as fixed by the Board, for his or her services while actually engaged in the performance of his or her duties as a member of the Board. 2. While engaged in the business of the […]
NRS 349.959 – Board for Financing Water Projects: Election of Chair; meetings.
The Board shall: 1. At its first meeting and annually thereafter elect a Chair from among its voting members. 2. Meet regularly at least once in each calendar quarter and at other times upon the call of the Chair. (Added to NRS by 1987, 2279; A 1991, 533)
NRS 349.960 – State Engineer may advise Board; State Engineer and Director may assist in preparation of preliminary plan.
1. The State Engineer shall advise the Board, upon its request, of the existence and status of any water rights which affect a water project under consideration by the Board. 2. Upon the Board’s request and within the limits of available resources and staff, the State Engineer and the Director may on a case by […]
NRS 349.961 – Water projects: Preliminary plan; approval.
1. When any municipality or other obligor desires to undertake a water project, it may present its preliminary plan to the Board for approval. If the proposed water project affects drinking water, the Board shall request that the Administrator of the Division of Environmental Protection of the State Department of Conservation and Natural Resources submit […]
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 349.947 – Liberal construction.
NRS 349.935 to 349.961, inclusive, must be liberally construed to effectuate the purposes of those sections. (Added to NRS by 1987, 2275)
NRS 349.948 – Prerequisites for financing water projects.
The Director shall not finance a water project unless, before financing: 1. The water project has been finally approved by the Board after a public hearing on the matter. 2. The Director finds and the State Board of Finance approves the findings of the Director that: (a) The contemplated lessee, purchaser or other obligor has […]
NRS 349.949 – Forms and terms of bonds; sale; employment of financial and legal consultants.
1. The bonds must be authorized by an order of the Director, and must: (a) Be in the denominations; (b) Bear the date or dates; (c) Mature at the time or times, not exceeding 30 years after their respective dates; (d) Bear interest at a rate or rates specified in the order; (e) Be in […]
NRS 349.950 – Issuance of state securities or revenue bonds: Limitation on amount; payment; legislative declaration.
1. The Director may, to pay the cost of any water project, borrow money or otherwise become obligated, and may provide evidence of those obligations by issuing, except as otherwise provided in this subsection, state securities or revenue bonds. If the obligor is not a governmental entity, the Director shall issue only revenue bonds to […]
NRS 349.951 – Director may charge fee against obligor; use of proceeds.
1. The Director may charge the obligor a fee not to exceed 2 percent of the principal amount of the financing, including a nonrefundable application fee not to exceed 0.25 percent of the principal amount or $7,500, whichever is less, payable either in advance or at the time the bonds are issued. The Director shall […]