Nev. Admin. Code § 445A.67622

Current through December 31, 2024

Section 445A.67622 - Loan contract: Conditions for offer

The Division shall not offer a loan contract to an applicant until:

1. The Board for Financing Water Projects has issued its approval of the water project to the applicant; and

2. The applicant has:

(a) Submitted to the Division a definite schedule for the water project which includes:

(1) A reasonable period to complete the water project after the commencement of bidding; and

(2) The times when funds are expected to be drawn from the Account for the Revolving Fund;

(b) If collateral for the loan is required, provided the collateral; and

(c) If additional security for the loan is required, provided such security.

Nev. Admin. Code § 445A.67622

Added to NAC by Bd. of Health by R067-98, eff. 7-23-98; A by Environmental Comm'n by R128-04, 2-14-2005; A by R109-22A, eff. 12/29/2022

NRS 445A.270