Nev. Admin. Code § 354.8664

Current through December 12, 2024

Section 354.8664 - "Reasonable cost" defined

"Reasonable cost" means a cost which, in its nature and amount, does not exceed the cost that would be incurred by a prudent person under the circumstances prevailing at the time the decision was made to incur the cost.

Added to NAC by Com. on Local Gov't Finance by R007-12, eff. 12-20-2012

NRS 354.107, 354.594, 354.613