NAC445A.769. Requirements for initial approval of financial assistance.

     1. To obtain approval of financial assistance, an applicant must submit a letter of intent, a facility plan, an environmental document and a draft revenue program. After these documents are approved, the Division shall consider the project for initial approval of financial assistance.

     2. Factors to be considered in awarding approval include:

     (a) Placement on the priority list;

     (b) The readiness of the project to proceed with construction; and

     (c) The severity of any public health or water quality problem which will be corrected by the proposed project.

     3. Initial approval of financial assistance for a project shall be deemed a binding commitment to provide such assistance.

     (Added to NAC by Environmental Comm’n, eff. 9-19-90; A by R115-10, 1-13-2011)—(Substituted in revision for NAC 445.42139)