Section 319.834 - Yield on loans1. Loans to conserve energy sold to the Division must bear interest at rates and be sold to the Division at prices which, in the aggregate, produce a yield to the Division which is sufficient to:(a) Pay interest on the principal of the related issue of the Division's bonds or other obligations;(b) Provide adequate reserves for the holders of the Division's bonds or other obligations whenever the reserves are necessary;(c) Cover the costs of the Division for operating the program; and(d) Meet or exceed the minimum yield required by the general certificate or trust indenture governing the series of bonds.2. The yield on a loan to conserve energy must not exceed the maximum yield permitted by 26 U.S.C. §§ 141 to 149, inclusive, and applicable regulations of the United States Treasury Department.Nev. Admin. Code § 319.834
Added to NAC by Housing Div., eff. 12-16-82; A 4-13-88