NAC349.471. “Costs traditionally associated with capital improvements” interpreted.

For the purposes of NRS 349.980, the Board interprets “costs traditionally associated with capital improvements” to include:

     1. The costs to carry out any feasible and appropriate changes in operations necessary for a purveyor of water to become viable, including, without limitation, changes in ownership, management, accounting, rates, maintenance, consolidation and alternative supplies of water; and

     2. Any costs that are not directly related to the actual construction of the capital improvement, including, without limitation, costs:

     (a) For engineering, design, construction, legal and financial services;

     (b) Incurred in obtaining a loan from the Account for the Revolving Fund; and

     (c) For acquisition of water rights, easements and rights-of-way.

     (Added to NAC by Bd. for Financing Water Projects by R113-96, eff. 1-23-98; A by R104-04, 9-18-2006)