NAC319.910. Allocation and administration of money by Division.

     1. Except as otherwise provided in this section, in each round of funding, the total amount of money available for distribution will be allocated according to the local share available to each participating jurisdiction.

     2. A participating jurisdiction shall determine whether to accept or reject the local share available to the participating jurisdiction. If the participating jurisdiction rejects the local share, the Division will administer the local share for that participating jurisdiction and consider any proposal for a project in that participating jurisdiction.

     3. The Division will set aside 10 percent of the money allocated to the Account each year to accept any proposal for a project located in any participating jurisdiction that it deems appropriate. A proposal for a project may be submitted to the Division throughout the year.

     4. In addition to the money from the Account that will be set aside pursuant to subsection 3, the Administrator may set aside money from the Account to:

     (a) If the proposal for a project is an eligible project pursuant to NRS 319.510 and all local participating jurisdictions agree, ensure that money in the Account will be available to match federal money offered for such a proposal for a project that requires the State to match such federal money as a condition of receiving the federal money; and

     (b) Provide for certain proposals for projects, not to exceed $750,000 per year without the approval from all participating jurisdictions to set aside an amount exceeding $750,000 per year, that the Administrator deems appropriate to carry out the provisions of this chapter.

     (Added to NAC by Housing Div., eff. 6-20-90; A by R001-02, 6-28-2002)