NRS 349.595
Prerequisites to financing costs related to equipment for project

  • establishment of guidelines.

1.

Except as otherwise provided in NRS 349.585, the Director may provide financing for a project pursuant to this section if:

(a)

The financing is limited in amount and purpose to the payment of the costs associated with:

(1)

The acquisition, refurbishing, replacement and installation of equipment for the project; and

(2)

The issuance of bonds pursuant to this section;

(b)

The total amount of the bonds issued pursuant to this section for a particular project does not exceed $2,500,000;

(c)

The Director determines that the bonds will:

(1)

Be sold only to qualified institutional buyers, as defined in Rule 144A of the Securities and Exchange Commission, 17 C.F.R. § 230.144A, in minimum denominations of at least $100,000; or

(2)

Receive a rating within one of the top four rating categories of Moody’s Investors Service, Inc., Standard and Poor’s Rating Services or Fitch IBCA, Inc.;

(d)

The Director makes the findings set forth in paragraphs (a) to (g), inclusive, of subsection 2 of NRS 349.580, and the governing body of the city or county where the project is to be located approves the findings of the Director; and

(e)

The Director complies with the guidelines established pursuant to subsection 2.

2.

The Board shall establish guidelines for the provision of financing for a project pursuant to this section.

Source: Section 349.595 — Prerequisites to financing costs related to equipment for project; establishment of guidelines., https://www.­leg.­state.­nv.­us/NRS/NRS-349.­html#NRS349Sec595.

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

§ 349.595’s source at nv​.us