NRS 349.450
“Expense of operation and maintenance” defined.

“Expense of operation and maintenance” means any reasonable and necessary current expense of the State for the operation, maintenance or administration of a project or of the collection and administration of revenues from a project. The term includes, among other expenses:

1.

Expenses for engineering, auditing, reporting, legal services and other expenses of the Director which are directly related to the administration of projects.

2.

Premiums for fidelity bonds and policies of property and liability insurance pertaining to projects, and shares of the premiums of blanket bonds and policies which may be reasonably allocated to the State.

3.

Payments to pension, retirement, health insurance and other insurance funds.

4.

Reasonable charges made by any paying agent, commercial bank, credit union, trust company or other depository bank pertaining to any bonds.

5.

Services rendered under the terms of contracts, services of professionally qualified persons, salaries, administrative expenses and the cost of materials, supplies and labor pertaining to the issuance of any bonds, including the expenses of any trustee, receiver or other fiduciary.

6.

Costs incurred in the collection and any refund of revenues from the project, including the amount of the refund.

Source: Section 349.450 — “Expense of operation and maintenance” defined., https://www.­leg.­state.­nv.­us/NRS/NRS-349.­html#NRS349Sec450.

349.400
Definitions. 349.405
“Biomass” defined. 349.410
“Board” defined. 349.420
“Bonds” and “revenue bonds” defined. 349.425
“Corporation for public benefit” defined. 349.430
“Cost of a project” defined. 349.440
“Director” defined. 349.450
“Expense of operation and maintenance” defined. 349.460
“Finance” and “financing” defined. 349.470
“Financing agreement” defined. 349.475
“Fuel cell” defined. 349.480
“Health and care facility” defined. 349.485
“Historic structure” defined. 349.490
“Mortgage” defined. 349.500
“Obligor” defined. 349.510
“Project” defined. 349.515
“Renewable energy” defined. 349.517
“Renewable energy generation project” defined. 349.520
“Revenues” defined. 349.530
“Supplemental facility for a health and care facility” defined. 349.540
“Warehousing” defined. 349.550
Applicability of definitions contained in county and city economic development revenue bond laws. 349.555
Exercise of powers for general welfare 349.560
Legislative declaration. 349.565
Restrictions on Director’s powers. 349.570
General power of Director to issue bonds. 349.580
Prerequisites to financing project: Findings of Director. 349.585
Prerequisites to financing project: Approval of Office of Economic Development. 349.590
Prerequisites to financing project: Additional considerations. 349.595
Prerequisites to financing costs related to equipment for project 349.597
Confidentiality of information concerning obligor. 349.600
Bonds to be special obligations. 349.610
Form and terms of bonds 349.620
Security. 349.630
Regulations. 349.640
Refunding. 349.650
Limitation of actions.
Last Updated

Jun. 24, 2021

§ 349.450’s source at nv​.us