NRS 408.55066 – “Transportation facility” defined.
“Transportation facility” means any existing, enhanced, upgraded or new facility that is used or useful for the safe transport of people, information or goods via one or more modes of transport, including, without limitation, any of the following: 1. A road, railroad, bridge, tunnel, overpass, airport, mass transit, light or commuter rail, conduit, ferry, boat, […]
NRS 408.55067 – “Utility” defined.
“Utility” has the meaning ascribed to it in NRS 408.407. (Added to NRS by 2017, 4128; A 2021, 3816)
NRS 408.55068 – “Utility infrastructure” defined.
“Utility infrastructure” means any infrastructure of a utility that is installed in any city or county that improves or expands the system of the utility. (Added to NRS by 2017, 4128; A 2021, 3812, 3816)
NRS 408.550685 – “Water and wastewater infrastructure” defined.
“Water and wastewater infrastructure” means any infrastructure which: 1. Relates to water, including, without limitation, clean water, drinking water, wastewater, energy efficiency projects at drinking water and wastewater facilities, brackish or seawater desalination, aquifer recharge, alternative water supply, water recycling and drought mitigation projects; and 2. Augments the existing programs created pursuant to chapter 445A […]
NRS 408.55069 – Nevada State Infrastructure Bank: Creation; purpose; Board of Directors; meetings; quorum; compensation of members.
1. The Nevada State Infrastructure Bank is hereby created within the Department. 2. The purpose of the Bank is to provide loans and other financial assistance to qualified borrowers for the development, construction, repair, improvement, operation, maintenance, decommissioning and ownership of transportation facilities, utility infrastructure, water and wastewater infrastructure, renewable energy infrastructure, recycling and sustainability […]
NRS 408.55071 – Board of Directors: Powers; duties; limitations on conduct of Bank.
1. The Board of Directors may: (a) Make, and from time to time amend and repeal, bylaws not inconsistent with NRS 408.55048 to 408.55088, inclusive, to carry into effect the powers and purposes of NRS 408.55048 to 408.55088, inclusive. (b) Sue and be sued in the name of the Bank. (c) Have a seal and […]
NRS 408.55072 – Executive Director: Appointed by Governor; duties; powers; compensation.
1. The Governor shall, to the extent that money is available from public or private sources for administrative costs, appoint an Executive Director of the Bank. The Executive Director is in the unclassified service of the State and serves at the pleasure of the Governor. 2. The Executive Director shall administer, manage and conduct the […]
NRS 408.55073 – Nevada State Infrastructure Bank Fund: Creation; administration by Board of Directors; establishment of accounts; acceptable deposits; compliance with federal laws; requirements for investment of earnings; authorized uses for money in Fund.
1. The Nevada State Infrastructure Bank Fund is hereby created as an enterprise fund. The Fund is a continuing fund without reversion. 2. The Fund is administered by the Board of Directors. 3. The Board of Directors may establish accounts and subaccounts within the Fund and shall ensure that accounting for the Fund is performed […]
NRS 408.55074 – Loans: Application required; Executive Director to review applications; required terms of loans; Bank to determine form and content of applications, financing agreements and loan obligations; federal requirements.
1. A qualified borrower that wishes to obtain a loan or other financial assistance from the Bank to develop, construct, repair, improve, operate, maintain, decommission or own an eligible project must apply to the Bank in the manner prescribed by the Bank. 2. The Executive Director shall: (a) Review each application and determine whether the […]
NRS 408.55075 – Qualified borrower: Required entry into financing agreement to obtain loan or other financial assistance; authorized uses of loan proceeds.
1. A qualified borrower that wishes to obtain a loan or other financial assistance from the Bank must enter into a financing agreement with the Bank and may be required to issue a loan obligation to the Bank. Except as otherwise provided by specific statute, a qualified borrower entering into a financing agreement with the […]