NAC445A.67622. Loan contract: Conditions for offer.

Latest version.

The Division shall not offer a loan contract to an applicant until:

     1. The Board for Financing Water Projects has issued its approval of the water project to the applicant; and

     2. The applicant has:

     (a) Submitted to the Division a definite schedule for the water project which includes:

          (1) A reasonable period to complete the water project after the commencement of bidding; and

          (2) The times when funds are expected to be drawn from the Account for the Revolving Fund; and

     (b) If collateral for the loan is required, provided the collateral.

(Added to NAC by Bd. of Health by R067-98, eff. 7-23-98; A by Environmental Comm’n by R128-04, 2-14-2005)

                    
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