As used in NRS 349.400 to 349.670, inclusive, unless the context otherwise requires, the words and terms defined in NRS 349.405 to 349.540, inclusive, have the meanings ascribed to them in those sections. (Added to NRS by 1981, 1624; A 1985, 2175; 1997, 497; 1999, 3357; 2001, 3256; 2011, 3458)
“Biomass” means any organic matter that is available on a renewable basis, including, without limitation: 1. Agricultural crops and agricultural wastes and residues; 2. Wood and wood wastes and residues; 3. Animal wastes; 4. Municipal wastes; and 5. Aquatic plants. (Added to NRS by 2001, 3255)
“Board” means the State Board of Finance. (Added to NRS by 1981, 1624)
“Bonds” or “revenue bonds” means bonds, notes or other securities evidencing an obligation and issued under NRS 349.400 to 349.670, inclusive. (Added to NRS by 1981, 1624)
“Corporation for public benefit” means a corporation that is: 1. Recognized as exempt pursuant to section 501(c)(3) of the Internal Revenue Code of 1986, 26 U.S.C. § 501(c)(3), future amendments to that section and the corresponding provisions of future internal revenue laws; or 2. Organized for a public or charitable purpose and which, upon dissolution, […]
“Cost of a project” means all or a designated part of the cost of any project, including any incidental cost pertaining to the project. The cost of a project may include, among other costs, the costs of: 1. Surveys, audits, preliminary plans, other plans, specifications, estimates and other costs of preparations; 2. Appraising, printing, estimating, […]
“Director” means the Director of the Department of Business and Industry or any person within the Department of Business and Industry designated by the Director to perform duties in connection with a project or the issuance of bonds. (Added to NRS by 1981, 1625; A 1993, 1569)
“Expense of operation and maintenance” means any reasonable and necessary current expense of the State for the operation, maintenance or administration of a project or of the collection and administration of revenues from a project. The term includes, among other expenses: 1. Expenses for engineering, auditing, reporting, legal services and other expenses of the Director […]
“Finance” or “financing” includes the issue of bonds by the Director for the purpose of using substantially all of the proceeds to pay (or to reimburse the obligor or its designee) for the costs of acquiring, improving and equipping a project, whether these costs are incurred by the Director, the obligor or a designee of […]
“Financing agreement” means an agreement by which the Director agrees to issue bonds pursuant to NRS 349.400 to 349.670, inclusive, to finance one or more projects and the obligor agrees to: 1. Make payments (directly or through notes, debentures, bonds or other secured or unsecured debt obligations of the obligor executed and delivered by the […]
“Fuel cell” means a device or contrivance that, through the chemical process of combining ions of hydrogen and oxygen, produces electricity and water. (Added to NRS by 2001, 3255)
“Health and care facility” means a hospital, facility for intermediate care or facility for skilled nursing as those terms are defined in chapter 449 of NRS. (Added to NRS by 1981, 1626; A 1985, 1758)
“Historic structure” means a building, facility or other structure, including, without limitation, a landmark, which is eligible for listing in the State Register of Historic Places under NRS 383.085. (Added to NRS by 1985, 2174; A 2019, 972)
“Mortgage” includes a deed of trust and any other security agreement covering real or personal property or both. (Added to NRS by 1981, 1626)
“Obligor” means the natural person, partnership, firm, company, corporation (including a public utility), association, trust, estate, political subdivision, state agency or any other legal entity, or its legal representative, agent or assigns, who agrees to make the payments required by the financing agreement. (Added to NRS by 1981, 1626)
“Project” means: 1. Any land, building or other improvement and all real and personal properties necessary in connection therewith, excluding inventories, raw materials and working capital, whether or not in existence, suitable for new construction, improvement, rehabilitation or redevelopment for: (a) Industrial uses, including assembling, fabricating, manufacturing, processing or warehousing; (b) Research and development relating […]
1. “Renewable energy” means a source of energy that occurs naturally or is regenerated naturally, including, without limitation: (a) Biomass; (b) Fuel cells; (c) Geothermal energy; (d) Solar energy; (e) Waterpower; and (f) Wind. 2. The term does not include coal, natural gas, oil, propane or any other fossil fuel, or nuclear energy. (Added to […]
1. “Renewable energy generation project” means a project involving an electric generating facility or system that uses renewable energy as its primary source of energy to generate electricity. 2. The term does not include a project involving an electric generating facility or system that uses nuclear energy, in whole or in part, to generate electricity. […]
“Revenues” of a project, or derived from a project, include payments under a lease, agreement of sale or financing agreement, or under notes, debentures, bonds and other secured or unsecured debt obligations of an obligor executed and delivered by the obligor to the Director or his or her designee or assignee (including a trustee) pursuant […]
“Supplemental facility for a health and care facility” includes a clinic, facility for outpatients, and any other structure or facility directly related to the operation of a health and care facility. (Added to NRS by 1981, 1626)
