Section 459.99926 - Application for loan: Submission; form and contents1. A person may submit an application for a loan from the Fund at any time. The application must be submitted on a form prescribed by the Division.2. An application for a loan from the Fund must include: (a) An accurate description of the property;(b) Documentation of a source of loan repayment;(c) An agreement that the applicant or, if the applicant does not own the property, the owner of the property will, if required pursuant to NAC 459.99928, grant a security interest in the property to the Division to secure the financing necessary for the completion of the corrective action;(d) Documentation that the planned future development of the property is consistent with the current and reasonably foreseeable future land uses in the area;(e) An accounting of the total debt against the property;(f) An appraisal of the estimated value of the property after all necessary corrective actions are complete;(g) A copy of a phase I and phase II environmental assessment of the site which is performed in a manner consistent with the requirements established by the Division or ASTM International; and(h) A detailed credit history of the applicant.3. In addition to the original application, the applicant must provide two copies of the application for review by the Division.Nev. Admin. Code § 459.99926
Added to NAC by Environmental Comm'n by R084-04, eff. 10-8-2004