NAC319.912. Balance required before distribution; notice of solicitation of proposals; deadline for submission of proposals.

     1. Money will not be allocated from the Account until there is $1,500,000 available for distribution in the Account.

     2. Upon the initial accumulation of $1,000,000 in the Account, the Division will give public notice of a solicitation of each proposal for a project. The notice will specify:

     (a) The amount of money available for distribution in that round of funding, including the amount of each local share;

     (b) Where and in what form a proposal must be submitted;

     (c) The deadline for the submission of a proposal to the Division;

     (d) The amount of the application fee, if any, that must be submitted with the proposal;

     (e) The criteria used by the Division to evaluate a proposal; and

     (f) The expected schedule for the Division’s review and approval or denial of a proposal.

     3. The deadline for the submission of a proposal to the Division will be at least 90 days after the date of the public notice.

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