NAC349.290. Application fee: Payment; use; liability for additional expenses; action by Director.

     1. A nonrefundable application fee of $2,000 or 0.25 percent of the principal amount of the total financing for the water project, whichever is less, must be paid to the Director at the time an application is filed. The Director will use the application fee exclusively to support the operations of his or her office that are in connection with the administration of the provisions of NRS 349.935 to 349.961, inclusive, and any regulations adopted pursuant thereto. For the purpose of calculating the fee charged to the obligor pursuant to subsection 1 of NRS 349.951, the amount of the application fee must be included in the total amount of all fees charged to the obligor by the Director for issuing revenue bonds or state securities.

     2. All expenses incurred by the Director in excess of the application fee will be charged to the applicant.

     3. The Director will establish the appropriate accounts and procedures for the deposit and expenditure of money received pursuant to this section.

     (Added to NAC by Dep’t of Commerce, eff. 4-22-88; A 7-6-92)