NRS 704.325
Limitations on application of security or proceeds.

No public utility shall, without the consent of the Commission, apply any security or any proceeds thereof to any purpose not specified in the Commission’s order, or supplemental order, or to any purpose in excess of the amount allowed for such purpose in such order, or otherwise in contravention of such order.

Source: Section 704.325 — Limitations on application of security or proceeds., https://www.leg.state.nv.us/NRS/NRS-704.html#NRS704Sec325.

704.322
“Security” defined. 704.323
Issuance of security or assumption of obligation by privately owned public utility subject to authorization by Commission 704.324
Order authorizing issuance of security or assumption of obligation 704.325
Limitations on application of security or proceeds. 704.326
Guarantee or obligation of State not implied. 704.327
Payment of necessary expenses of Commission by public utility.

Last Updated

Jun. 24, 2021

§ 704.325’s source at nv.us

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Location: https://nevada.public.law/statutes/nrs_704.325

Original Source: Section 704.325 — Limitations on application of security or proceeds., https://www.leg.state.nv.us/NRS/NRS-704.html#NRS704Sec325 (last accessed Jun. 24, 2021).

NRS 704.325 Limitations on application of security or proceeds.

NRS 704.325
Limitations on application of security or proceeds.