NAC701A.180. “Preconstruction contract” defined.

Latest version.

“Preconstruction contract” means a written and executed agreement that:

     1. Precedes the construction of or the execution of a construction contract for a project for which a partial tax abatement is sought;

     2. Clearly indicates a commitment to construct the project; and

     3. Is entered into to provide at least one of the following services relating to the construction project:

     (a) Project financing;

     (b) Engineering;

     (c) Design;

     (d) Architecture;

     (e) Labor; or

     (f) Subcontracting.

(Added to NAC by Office of Energy by R116-07, eff. 12-4-2007)

                    
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