Section 445A.676146 - Use of rate structures for repayment of loan1. If the Division determines that it is necessary for an applicant to impose a separate rate structure to repay a loan for a water project, the applicant shall: (a) Adopt a resolution or take such other action as is required to impose its system of user charges, contingent upon the commitment of money requested by the applicant; and(b) Submit to the Division documentation of the adoption of the resolution or other action, before the Board for Financing Water Projects takes action on a water project for which the Division has submitted a recommendation pursuant to NAC 445A.67619. 2. If an applicant intends to use an existing rate structure for a public water system to repay a loan, the applicant shall provide the appropriate documentation to the Division to verify that the use of the existing rate structure will generate enough income to enable the applicant to repay the loan.Nev. Admin. Code § 445A.676146
Added to NAC by Bd. of Health by R067-98, eff. 7-23-98; A by Environmental Comm'n by R099-14, 10-24-2014 - Substituted in revision for NAC 445A.67633