Section 445A.275 - Limitations on use of money; compliance with federal law1. Except as otherwise provided in NRS 445A.260 and 445A.280, money in the Account for the Revolving Fund, including repayments of principal and interest on loans, and interest and income earned on money in the Account for the Revolving Fund and money in the Account for Set-Aside Programs may be used only in accordance with the Safe Drinking Water Act. Money in the Account for Set-Aside Programs may be transferred to the Account for the Revolving Fund pursuant to the Safe Drinking Water Act.
2. A public water system which requests a loan or other financial assistance must demonstrate that it has: (a) Complied with the Safe Drinking Water Act and regulations adopted pursuant thereto; or(b) Agreed to take actions that are needed to ensure that it has the capability to comply with the Safe Drinking Water Act and regulations adopted pursuant thereto.3. Funding from the Account for the Revolving Fund may not be given to an existing public water system unless it has the technical, managerial and financial capability to ensure compliance with the Safe Drinking Water Act and regulations adopted pursuant thereto. A new public water system, to receive such funding, must demonstrate that it has the technical, managerial and financial capability to ensure compliance with the Safe Drinking Water Act and regulations adopted pursuant thereto.4. The Commission shall adopt regulations which must prescribe, in accordance with federal law, the authorized uses of the money in the Account for the Revolving Fund and the Account for Set-Aside Programs.Added to NRS by 1997, 1824Amended by 2023, Ch. 69,§18, eff. 5/30/2023.(Added to NRS by 1997, 1824)-(Substituted in revision for part of NRS 445A.260 )