NAC354.8664. “Reasonable cost” defined.

Latest version.

“Reasonable cost” means a cost which, in its nature and amount, does not exceed the cost that would be incurred by a prudent person under the circumstances prevailing at the time the decision was made to incur the cost.

(Added to NAC by Com. on Local Gov’t Finance by R007-12, eff. 12-20-2012)

                    
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