NAC703.443. Additional requirements for certain applications.

     1. No public utility may file an application with the Commission to obtain authorization for bonds to be issued pursuant to the provisions of NRS 244A.669 to 244A.763, inclusive, or 268.512 to 268.568, inclusive, unless the governing body authorized to issue the bonds has completed all actions required by law that are conditions precedent to the issuance of the bonds, except the passage of the resolution authorizing the issuance of the bonds.

     2. In addition to complying with the requirements set forth in NAC 703.430, 703.435 and 703.440, an application filed by a public utility seeking authorization for bonds to be issued pursuant to the provisions of NRS 244A.669 to 244A.763, inclusive, or 268.512 to 268.568, inclusive, must include:

     (a) A complete summary of the conditions, restrictions and general terms applicable to the acquisition and use of the bonds by the public utility;

     (b) Copies of the resolutions, contracts, memoranda and other written documents which specify the conditions, restrictions and general terms applicable to the acquisition and use of the bonds by the public utility; and

     (c) The amount of any bonds, the interest on which is exempt from federal income tax or excluded from gross revenue for the purposes of federal income tax, that will be used to finance the project and the public benefits to be provided if an allocation of the State’s volume cap for those bonds is requested by the public utility pursuant to the provisions of NRS 348A.010 to 348A.040, inclusive.

     (Added to NAC by Pub. Service Comm’n, eff. 11-12-93)