NRS 244A.745
Project for generation and transmission of electricity: Establishment, composition, powers and duties of committee to manage project.

1.

A county which undertakes a project for the generation and transmission of electricity shall provide in financing agreements for the project or in the contracts for the sale of capacity of the project, and contracts for participation in ownership of the project, if any, for the establishment of a management committee. The committee must be composed of voting members, each of whom represents one or more purchasers of capacity or participating owners of an undivided interest in the project, and three nonvoting representatives of the county, appointed by the board of county commissioners. Each voting member is entitled to a vote equal to the total entitlement to capacity of the participant or participants represented by that member. The agreements or contracts must fix the numbers of voting members and the manner of their appointment.

2.

Action may be taken by the committee upon an affirmative vote of voting members representing owner-participants and purchaser-participants entitled to, in the aggregate, not less than 80 percent of the capacity of the project. The management committee shall exercise general supervision of the construction and operation of the project, including the approval of all major contracts and other major matters relating to construction and operation of the project. These include, without limitation, contracts and matters relating to the acquisition of resources, facilities and supplies, including rights thereto, for fuel, transportation of fuel, and water for the project.

3.

The generating facilities of such project must be designed by a nationally recognized architectural and engineering firm of favorable reputation selected by the management committee. Unless otherwise provided for by the management committee, all materials and construction for the project shall be competitively bid upon terms determined by the management committee.

4.

All other matters relating to the powers, duties, organization and operation of such committee must be provided by the financing agreements or contracts.

Source: Section 244A.745 — Project for generation and transmission of electricity: Establishment, composition, powers and duties of committee to manage project., https://www.­leg.­state.­nv.­us/NRS/NRS-244A.­html#NRS244ASec745.

244A.669
Short title. 244A.671
Definitions. 244A.672
“Affordable housing” defined. 244A.673
“Board” defined. 244A.675
“Bonds” and “revenue bonds” defined. 244A.677
“Capacity” defined. 244A.678
“Corporation for public benefit” defined. 244A.679
“Finance” and “financing” defined. 244A.681
“Financing agreement” defined. 244A.682
“Health and care facility” defined. 244A.683
“Mortgage” defined. 244A.685
“Obligor” defined. 244A.687
“Pollution” defined. 244A.689
“Project” defined. 244A.691
“Revenues” defined. 244A.692
“Supplemental facility for a health and care facility” defined. 244A.693
“Warehousing” defined. 244A.695
Legislative intent. 244A.696
Exercise of powers by county 244A.697
General powers. 244A.698
Restrictions on powers of county. 244A.699
Power to sell capacity of project for generation and transmission of electricity and to charge for use of transmitting facilities 244A.701
Project for generation and transmission of electricity: Studies, surveys and options. 244A.702
Project for generation and transmission of electricity: Issuance of taxable bonds to acquire, improve or equip project. 244A.703
Project for generation and transmission of electricity: Sale and issuance of additional bonds. 244A.705
Enforcement of county’s obligation to issue additional bonds or to contract for sale of capacity or for construction and operation of project. 244A.707
Notice and public hearing by board of county commissioners. 244A.709
Details of proposed terms and conditions of transaction not required in notice. 244A.711
Determinations required of board of county commissioners after public hearing 244A.713
Bonds to be special obligations. 244A.715
Form and terms of bonds. 244A.717
Security. 244A.719
Terms of resolution and instruments. 244A.720
Issuance of bonds by Director of Department of Business and Industry as special obligations of State. 244A.721
Types of authorized investments 244A.723
Construction of project. 244A.725
Limitation on county’s obligation. 244A.727
Rights upon default. 244A.729
Determination of costs of financing. 244A.731
Lease, sale or financing of project. 244A.733
Option to purchase. 244A.735
Refunding. 244A.737
Application of proceeds 244A.739
Payment and contribution by county prohibited 244A.741
Operation by county prohibited. 244A.743
Project for generation and transmission of electricity: Legislative approval and determination of limit of capacity. 244A.745
Project for generation and transmission of electricity: Establishment, composition, powers and duties of committee to manage project. 244A.753
County’s property exempt from taxation 244A.755
Project for generation and transmission of electricity: Payment in lieu of taxes. 244A.757
Eminent domain not available 244A.759
Limitation of actions. 244A.761
Faith of State pledged against repeal, amendment or modification of County Economic Development Revenue Bond Law. 244A.763
County Economic Development Revenue Bond Law constitutes full authority for exercise of powers granted. 244A.6825
“Historic structure” defined. 244A.6975
Issuance of bonds for affordable housing or residential housing for corporation for public benefit.
Last Updated

Feb. 5, 2021

§ 244A.745’s source at nv​.us