NAC349.033. Bond facilitators: Availability of, application and conditions for placement on, and removal from list of approved bond facilitators; authority.

     1. The Director may maintain and make available a list of approved bond facilitators to applicants and prospective applicants.

     2. A person or business entity may apply to the Director for placement on the list of approved bond facilitators.

     3. The Director will place a person or business entity on the list of approved bond facilitators if the person or business entity:

     (a) Presents evidence satisfactory to the Director that the person or business entity is qualified by education or experience to assist applicants and prospective applicants in the financing of revenue bonds pursuant to the provisions of NAC 349.010 to 349.080, inclusive; and

     (b) Agrees to follow the provisions for bond facilitators as set forth in NAC 349.036.

     4. The Director may remove a person or business entity from the list of approved bond facilitators if, in the judgment of the Director, the person or business entity:

     (a) Fails to follow the provisions set forth in NAC 349.036; or

     (b) Charges excessive fees for the services provided to applicants and prospective applicants.

     5. An approved bond facilitator may:

     (a) Provide recommendations to the Director on ways to improve the administration of the bond program such as amending statutes, regulations, application materials or marketing materials;

     (b) Develop new programs for the issuance of revenue bonds for the Director; and

     (c) Receive compensation, as set by the Director, for providing such recommendations and developments.

     (Added to NAC by Dep’t of Business & Industry by R039-02, eff. 6-26-2002)