Limitation on amount and purpose of financing; establishment of and compliance with guidelines for financing project.

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  2. Nevada Revised Statutes
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  4. Limitation on amount and purpose of financing; establishment of and compliance with guidelines for financing project.

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1. The Director of the Department of Business and Industry may provide financing for a project pursuant to NRS 388A.550 to 388A.695, inclusive, if:

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

(1) The acquisition, construction, improvement, restoration or rehabilitation of the project; and

(2) The cost of the project;

(b) The Director of the Department of Business and Industry makes the findings required by NRS 388A.650; and

(c) The Director of the Department of Business and Industry complies with the guidelines established by the Director of the Department of Business and Industry pursuant to subsection 2.

2. The Director of the Department of Business and Industry shall establish guidelines for the provision of financing for a project pursuant to NRS 388A.550 to 388A.695, inclusive.

(Added to NRS by 2013, 1592; A 2015, 2389) — (Substituted in revision for NRS 386.634)


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