Section 408.Sec. 8.1 - NEWIn addition to the requirements set forth in section 6 of this regulation, for each application for a loan or other financial assistance submitted to the Bank that will, if approved, have a general fund financing structure, the staff of the Bank shall:
1. Determine the sources of and the likely recurrence of the general fund revenues of the applicant.2. Verify that the purpose of the financing is consistent with a general obligation pledge.3. Determine if the eligible project, if undertaken, will result in an increase in annual operating costs to the applicant.4. Determine the impact of the loan or other financial assistance from the Bank on the general fund balances and projected cash flow of the applicant.Nev. Admin. Code § 408.Sec. 8.1
Added to NAC by Dep't of Transportation by R017-22A, eff. 4/19/2022