1. The Director shall not:
(a) Spend more than 4 percent of each grant awarded to administer the Account; or
(b) Use any money generated pursuant to NRS 445A.155 for the costs of administering the Account unless authorized by the Legislature.
2. The Director may, with the approval of the Office of Finance, impose and collect a fee from each municipality or interstate agency which receives a loan or other financial assistance from the Account. The fee must be used to defray the costs of administering the Account.
3. If the Director imposes a fee, the Commission shall adopt regulations establishing the amount of the fee required to be collected pursuant to subsection 2.
(Added to NRS by 1989, 1258; A 1993, 645)