Nev. Admin. Code § 445A.775

Current through December 12, 2024
Section 445A.775 - Fee for award of financial assistance
1. The Director may, with the approval of the Department of Administration, impose and collect a fee for each award of financial assistance from the fund. The fee must not exceed 0.5 percent of:
(a) The amount of the loan, if assistance is given in the form of a loan.
(b) The amount of the obligation, if assistance is given in the form of a guarantee of a municipal obligation or the purchase of insurance for such an obligation.
(c) The amount refinanced, if assistance is given in the form of the refinancing of a municipal obligation.
2. Money so collected must be used to defray the cost of administering the fund.

Nev. Admin. Code § 445A.775

Added to NAC by Environmental Comm'n, eff. 9-19-90-Substituted in revision for NAC 445.42145

NRS 445A.135