NRS 349.815
Regulations for operation of program.

The Director shall, before the issuance of any bonds, adopt regulations for the operation of the program, which must include provisions concerning the following:

1.

The maximum aggregate amount of guaranteed funding available to any exporter and the maximum amount of guaranteed funding available for any transaction eligible for guaranteed funding;

2.

The limits on the interest which may be charged for guaranteed funding or for loans to exporters;

3.

The fees which a participating financial institution may charge for making loans to exporters;

4.

The nature and extent of any insurance which an exporter may be required to procure;

5.

The collateral required on loans to exporters;

6.

The terms of and the procedures for repayment on the guaranteed funding or on a loan;

7.

The procedures for:

(a)

Making an application for guaranteed funding;

(b)

Disbursing the guaranteed funding to a participating financial institution;

(c)

Making a claim on the guarantee in the event of a default;

(d)

Collecting a loan in the event of a default; and

(e)

Qualifying as a participating financial institution; and

8.

The specific standards to be used to determine whether a business has a significant relationship with this state pursuant to paragraph (b) of subsection 3 of NRS 349.760.

Source: Section 349.815 — Regulations for operation of program., https://www.­leg.­state.­nv.­us/NRS/NRS-349.­html#NRS349Sec815.

349.700
Legislative declaration. 349.710
Definitions. 349.715
“Bonds” defined. 349.720
“Director” defined. 349.725
“Exporter” defined. 349.730
“Guaranteed funding” defined. 349.735
“Loss” defined. 349.740
“Participating financial institution” defined. 349.745
“Program” defined. 349.750
Director: Administration of provisions 349.755
Director: Delegation of duties. 349.760
Transactions eligible for guaranteed funding: Criteria. 349.765
Guaranteed funding provided to participating financial institution: Limitation on amount 349.770
Investigation of credit available to exporter prerequisite for guaranteed funding. 349.775
Confidentiality of information concerning exporter. 349.780
Fees charged to participating financial institution. 349.785
Agreements excusing payment on guaranteed funding and loan to exporter 349.790
Director subrogated to rights of exporter and participating financial institution upon default by exporter. 349.795
Guarantee: Not general obligation of State 349.800
Advisory Committee on Financing Exports: Creation 349.805
Advisory Committee on Financing Exports: Meetings 349.810
Advisory Committee on Financing Exports: Powers and duties. 349.815
Regulations for operation of program. 349.820
Limitation on personal liability of Director or person acting on his or her behalf. 349.825
Issuance of revenue bonds: Director required to submit findings to Advisory Committee on Financing Exports and State Board of Finance 349.830
Bonds: Special obligations of State. 349.835
Bonds: Form and terms 349.840
Bonds: Repurchase. 349.845
Bonds: Refunding. 349.850
Bonds: Legal investments. 349.855
Director: Establishment of funds and accounts 349.857
Director: Loans of securities. 349.860
Insurance.
Last Updated

Feb. 5, 2021

§ 349.815’s source at nv​.us