NAC445A.67619. Final review of application; submission of written report and recommendation to Board for Financing Water Projects.

The Division shall:

     1. Review the completed application and any records and other documents submitted by the applicant concerning the water project to evaluate whether:

     (a) The proposed water project is feasible from an engineering and legal standpoint, is economically justified and is financially feasible;

     (b) There is adequate assurance that the applicant can repay the loan;

     (c) The applicant has taken sufficient and reasonable efforts to determine whether the proposed water project conflicts with any regional master plan of any local, state or federal governing authority, and those efforts have not revealed such a conflict; and

     (d) If revenue bonds are to be issued, the applicant has executed a legally binding statement not to undertake to commit the State and any other political subdivision or municipality, other than the applicant, to incur any pecuniary liability in connection with the repayment of the bonds.

     2. Submit the report required pursuant to NAC 445A.67618 to the Board for Financing Water Projects with a recommendation that the Board:

     (a) Approve the commitment of funds requested by the applicant;

     (b) Approve the commitment of funds requested by the applicant with conditions; or

     (c) Deny the commitment of funds requested by the applicant.

     (Added to NAC by Bd. of Health by R067-98, eff. 7-23-98)