NRS 349.565 – Restrictions on Director’s powers.
1. The Director may not, under NRS 349.400 to 349.670, inclusive: (a) Operate any manufacturing, industrial, warehousing or commercial enterprise or an organization for research and development or any health and care facility to which he or she provided assistance; or (b) Except as otherwise provided in subsection 2, assist any manufacturing, industrial, warehousing or […]
NRS 349.570 – General power of Director to issue bonds.
When the Director has received requests from one or more cities, counties, lessees, purchasers, other obligors or other enterprises, the Director may issue industrial development revenue bonds to obtain money to fulfill the requests. Title to or in a project may at all times remain in the obligor or the obligor’s designee or assignee and, […]
NRS 349.580 – Prerequisites to financing project: Findings of Director.
Except as otherwise provided in NRS 349.595 and 349.640, the Director shall not finance a project unless, before financing: 1. The Director finds that: (a) The project to be financed has been approved for financing pursuant to the requirements of NRS 244A.669 to 244A.763, inclusive, or 268.512 to 268.568, inclusive; and (b) There has been […]
NRS 349.585 – Prerequisites to financing project: Approval of Office of Economic Development.
1. Except as otherwise provided in NRS 349.640, the Director shall not finance a project without the approval of the Office of Economic Development. The Office shall approve the financing of a project if it determines that the project is consistent with the State Plan for Economic Development developed by the Executive Director of the […]
NRS 349.590 – Prerequisites to financing project: Additional considerations.
Except as otherwise provided in NRS 349.640, before financing a project pursuant to subsection 2 of NRS 349.580, the Director and the Board must also: 1. Determine the total amount of money necessary to be provided by the Director for financing the project. 2. Except as otherwise provided in this subsection, receive a 5-year operating […]
NRS 349.500 – “Obligor” defined.
“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)
NRS 349.510 – “Project” defined.
“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 […]
NRS 349.515 – “Renewable energy” defined.
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 […]
NRS 349.517 – “Renewable energy generation project” defined.
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. […]
NRS 349.520 – “Revenues” defined.
“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 […]