NAC701.675. Applications for financing of projects.

     1. The Director will solicit applications for the financing of projects. The solicitations will be made available to interested parties and posted on the Internet website of the Office of Energy at http://energy.state.nv.us. The solicitations may specify the amount of financing available, the allocation of financing to categories of applicants, such as natural persons, schools, public entities and small businesses, and the minimum and maximum amounts of individual loans within each category.

     2. Each application for financing through the Account must be submitted on a form prescribed by the Director and must include:

     (a) The name, address and telephone number of the applicant or the legal representative of the applicant.

     (b) A narrative description of the proposed project.

     (c) An estimate of the time required to recover the project cost.

     (d) An estimate of the amount of reduction in emission of greenhouse gases as a result of the project.

     (e) An estimate of the number of jobs that will be created or retained as a result of the project.

     (f) Maps of appropriate scale to show clearly the location of the proposed project with respect to other identifiable topographical or geographical features in the area of the project.

     (g) A complete and legible legal description of the location of the project, including the assessor’s parcel number.

     (h) Proof of ownership, rights-of-way, easements or agreements showing that the applicant holds or is able to acquire all land, other than public land, or acquire interests therein and any water rights necessary for the construction of the proposed project.

     (i) A description of how the project complies with all applicable planning and zoning requirements.

     (j) An itemized estimate of the total cost of the project and the amount of financing requested. If an estimate of the total cost of the project has been prepared by a professional, the application must include a copy of that estimate.

     (k) A statement of any other anticipated sources of funding for the project from this State, another state, a federal agency, the qualified applicant’s capital or any other source.

     (l) If the applicant is a public entity, the median household income for the community or area that will be served by the project or for the city or county in which the project is located, including, without limitation, the source of that information.

     (m) A preliminary project schedule that provides a timetable for:

          (1) The advertising and opening of bids for the project;

          (2) Each construction phase of the project, from planning and permitting to completion and commencement of operation of the project; and

          (3) The estimated schedule of progress payments to the contractor and other costs related to the disbursement of money.

     (n) Information sufficient to demonstrate the means by which any loan made by the Director from the Account will be repaid. If the applicant is a public entity, this information must include, as applicable, orders or resolutions specifying the method of loan repayment from the appropriate governing board, regulatory agency or local governing body and copies of current capital improvement plans and debt management policies as provided to the Department of Taxation pursuant to chapter 350 of NRS and any applicable regulations. If the applicant is not a public entity, the applicant shall provide:

          (1) Annual financial statements for the 3 years immediately preceding the application for each applicant and co-applicant or guarantor, if any;

          (2) A reference from a bank, at least three direct credit references and authorization for the Director to access and use personal and commercial credit reports in the loan decision process;

          (3) Any necessary legal documents; and

          (4) Any other information required by the Director to demonstrate the means by which the applicant intends to repay the loan.

     (o) Institutional, management and contractual arrangements required for successful implementation of the project.

     (p) A report on the status of the process of environmental review for the project, if applicable.

     (q) A list of any required permits and a schedule of when those permits will be obtained.

     (r) Security, collateral or information concerning any co-applicant or guarantor for the loan, as required by the Director.

     (s) A copy of the articles of incorporation or organizational documents of the applicant, a certificate of good standing provided by the Secretary of State, a copy of the contractor’s license of any contractor who will perform any work on the project and proof of general liability, workers’ compensation and course of construction insurance maintained by the applicant.

     (t) Any other information the Director determines is necessary.

     (Added to NAC by Office of Energy by R161-09, eff. 6-30-2010; A by R063-11, 2-15-2012)