NAC349.036. Bond facilitators: Duties.  


Latest version.
  • An approved bond facilitator shall inform:

         1. The applicant or prospective applicant, at the earliest time practicable, that the decision to use the services of a bond facilitator is solely that of the applicant or prospective applicant and that the applicant or prospective applicant is not required to use those services in order to apply for or obtain the financing of revenue bonds.

         2. The applicant or prospective applicant, at the earliest time practicable, that the bond facilitator acts as the sole agent of the applicant or prospective applicant and does not represent or have any influence over the Director in his or her decision to issue revenue bonds pursuant to the provisions of NAC 349.010 to 349.080, inclusive.

         3. The applicant or prospective applicant, at the earliest time practicable, that the Director is not responsible or liable for the acts of the bond facilitator.

         4. The Director, upon his or her request, of the financial arrangement between the bond facilitator and the applicant or prospective applicant.

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