reglab/statecodes huggingface dataset:
2023 Nevada Revised Statutes › Chapter 226 - State Treasurer › NRS 226.458 - Creation and administration of Program.

1. The Student Loan Repayment for Providers of Health Care in Underserved Communities Program is hereby created to repay the student education loans of providers of health care who are eligible for the Program pursuant to NRS 226.460 and 226.462 and any regulations adopted pursuant thereto.
2. The State Treasurer shall administer the Program.
3. In administering the Program, the State Treasurer shall:
(a) Ensure that persons who receive repayment of student education loans are committed to providing health care services in an underserved community in this State;
(b) Ensure that at least 15 percent of money available for the Program in any year be used to repay the student education loans of providers of health care who commit to practicing in a county whose population is less than 100,000, to the extent that such providers are participating in the Program;
(c) With regard to money available for the Program other than money used for the purpose described in paragraph (b), prioritize the repayment of student education loans for providers of primary care, providers of health care who commit to accepting as patients recipients of Medicaid or insurance pursuant to the Children’s Health Insurance Program and other providers of health care specified by the regulations adopted by the State Treasurer pursuant to NRS 226.462; and
(d) Work collaboratively to raise awareness about the Program with organizations that work with providers of health care and students studying to become providers of health care, including, without limitation:
(1) Educational institutions in this State, including, without limitation, institutions in the Nevada System of Higher Education;
(2) Organizations that represent medical students and other students studying to become providers of health care;
(3) Organizations that represent providers of health care;
(4) Tribal governments; and
(5) Organizations who advocate for improved health outcomes in minority communities.
4. As used in this section, "primary care" means the practice of family medicine, pediatrics, internal medicine, psychiatry or obstetrics and gynecology.
(Added to NRS by 2023, 1767)
2023 Nevada Revised Statutes › Chapter 226 - State Treasurer › NRS 226.460 - Eligibility of provider for repayment of student education loan.

A provider of health care is eligible for repayment of a student education loan under the Program if the provider of health care:
1. Is a current resident of this State;
2. Is actively licensed, certified or registered in good standing to practice in this State as a provider of health care; and
3. Commits to at least 5 years of clinical practice as a licensed, certified or registered provider of health care in this State:
(a) In a census tract which, upon commencement of such clinical practice, is designated as a qualified census tract by the United States Secretary of Housing and Urban Development pursuant to 26 U.S.C. § 42(d)(5)(B)(ii);
(b) In a census tract which, upon commencement of such clinical practice, has a high level of social vulnerability as determined according to the Social Vulnerability Index developed by the Centers for Disease Control and Prevention of the United States Department of Health and Human Services;
(c) In a community in which, according to the decennial census immediately preceding the commencement of such clinical practice, at least 20 percent of households were not proficient in the English language;
(d) On tribal lands or in a community where tribal members commonly reside;
(e) In a geographic area that has been subject to historical instances of redlining, segregation or other discriminatory practices on the basis of race, color, religion, national origin, disability, sexual orientation, sex or gender identity or expression, as determined by the State Treasurer in accordance with the regulations adopted pursuant to NRS 226.462; or
(f) In a county whose population is less than 100,000.
(Added to NRS by 2023, 1768)
2023 Nevada Revised Statutes › Chapter 226 - State Treasurer › NRS 226.462 - Application by provider for repayment of student education loan; regulations; maximum amount of assistance; confidentiality of information.

1. A provider of health care who meets the qualifications set forth in NRS 226.460 and wishes to receive repayment of student education loans from the Program must submit an application to the State Treasurer in the form prescribed by the State Treasurer and comply with any regulations adopted pursuant to subsection 2.
2. The State Treasurer:
(a) Shall adopt regulations prescribing the procedures and standards, in addition to those prescribed by NRS 226.460, for determining the eligibility of a provider of health care to receive repayment of a student education loan from the Program.
(b) Shall adopt regulations establishing a methodology for determining the amount of repayment of a student education loan that a provider of health care is eligible to receive from the Program. That methodology must include, without limitation, a sliding scale that conditions the amount a provider of health care should receive from the Program on areas of specialization, type of degree and average loan burden for the particular field of health care in which the provider practices.
(c) Shall adopt regulations establishing the:
(1) Procedure that the State Treasurer will use to carry out the provisions of paragraph (b) of subsection 3 of NRS 226.458; and
(2) Manner in which the Program must prioritize the repayment of student education loans for the providers of health care pursuant to paragraph (c) of subsection 3 of NRS 226.458.
(d) Shall adopt regulations prescribing the manner in which the State Treasurer will determine whether a geographic area meets the requirements of paragraph (e) of subsection 3 of NRS 226.460.
(e) Shall adopt regulations prescribing the procedures for the repayment of a student education loan of a provider of health care who has been found eligible to receive such repayment from the Program.
(f) May adopt any other regulations necessary to carry out the Program.
3. The Program may not provide to a provider of health care more than $120,000 for the repayment of student education loans.
4. The application of a provider of health care for repayment of a student education loan and any related personally identifiable information of the applicant is confidential.
(Added to NRS by 2023, 1769)
2023 Nevada Revised Statutes › Chapter 226 - State Treasurer › NRS 226.464 - Employment of staff by State Treasurer; posting of information about Program.

The State Treasurer:
1. May employ such staff as the State Treasurer deems necessary to administer the Program.
2. Shall post information about the Program, including, without limitation, the requirements to be eligible to receive repayment of student education loans from the Program and the procedure to apply for such repayment, on an Internet website maintained by the State Treasurer.
(Added to NRS by 2023, 1769)
2023 Nevada Revised Statutes › Chapter 226 - State Treasurer › NRS 226.466 - Account for Student Loan Repayment for Providers of Health Care in Underserved Communities: Creation; administration; sources and uses of money; interest and income; gifts, donations, bequests and grants.

1. The Account for Student Loan Repayment for Providers of Health Care in Underserved Communities is hereby created in the State General Fund. The State Treasurer shall administer the Account.
2. Money for the Account may be provided:
(a) By direct legislative appropriation;
(b) By transfer from another account, including, without limitation, the Abandoned Property Trust Account created by NRS 120A.620; or
(c) As provided in subsection 5.
3. Money in the Account must be used solely:
(a) To administer the Account and the Program; and
(b) To repay the student education loans of providers of health care who have qualified for such repayment pursuant to NRS 226.460 and 226.462.
4. The interest and income earned on the money in the Account, after deducting any applicable charges, must be credited to the Account. Any money remaining in the Account at the end of a fiscal year does not revert to the State General Fund, and the balance in the Account must be carried forward to the next fiscal year.
5. The State Treasurer may apply for and accept any gift, donation, bequest, grant or other source of money for the purpose of administering the Program and repaying the student education loans of providers of health care who have qualified for repayment of student education loans pursuant to NRS 226.460 and 226.462. The State Treasurer shall deposit any money so received into the Account.
(Added to NRS by 2023, 1770)
2023 Nevada Revised Statutes › Chapter 226 - State Treasurer › NRS 226.500 - Definitions.

As used in NRS 226.500 to 226.590, inclusive, unless the context otherwise requires, the words and terms defined in NRS 226.510 to 226.550, inclusive, have the meanings ascribed to them in those sections.
(Added to NRS by 2019, 2505; A 2023, 2876)
2023 Nevada Revised Statutes › Chapter 226 - State Treasurer › NRS 226.550 - "Student loan servicing" or "servicing" defined.

"Student loan servicing" or "servicing" means:
1. Receiving any scheduled periodic payments from a student loan borrower pursuant to the terms of a student education loan or any notification that a student loan borrower made such a scheduled periodic payment and applying the payments to the account of a student loan borrower, as may be required pursuant to the terms of a student education loan or a contract governing the servicing of a student education loan;
2. During a period in which no payment is required on a student education loan, maintaining account records for a student education loan and communicating with the student loan borrower on behalf of the owner of the promissory note for the student education loan; or
3. Interacting with a student loan borrower concerning a student education loan with the goal of helping the student loan borrower avoid default on the student education loan or facilitating the activities described in subsection 1 or 2.
(Added to NRS by 2019, 2505)
2023 Nevada Revised Statutes › Chapter 226 - State Treasurer › NRS 226.560 - Designation.

The State Treasurer shall designate a Student Loan Ombudsman within the Office of the State Treasurer to:
1. Provide timely assistance to any student loan borrower of any student education loan; and
2. Carry out the duties as set forth in NRS 226.500 to 226.580, inclusive.
(Added to NRS by 2019, 2505)
2023 Nevada Revised Statutes › Chapter 226 - State Treasurer › NRS 226.570 - Duties.

The Student Loan Ombudsman shall:
1. Receive, review and attempt to resolve any complaint from a student loan borrower, including, without limitation, attempting to resolve such a complaint in collaboration with an institution of higher education, a student loan servicer and any other person who participates in providing a student education loan.
2. Compile and analyze data on complaints as described in subsection 1.
3. Assist student loan borrowers to understand their rights and responsibilities under the terms of student education loans.
4. Provide information to the public, governmental agencies and the Legislature regarding the problems and concerns of student loan borrowers and make recommendations for resolving those problems and concerns.
5. Analyze and monitor the development and implementation of federal, state and local laws, regulations and policies relating to student loan borrowers and recommend any changes the Student Loan Ombudsman deems necessary.
6. Review the complete history of any student education loan for any student loan borrower who has provided written consent for such a review.
7. Disseminate information concerning the availability of the Student Loan Ombudsman to assist student loan borrowers, potential student loan borrowers, institutions of higher education, student loan servicers and any other persons who participate in providing a student education loan, with any concerns relating to student loan servicing.
8. Assist student loan borrowers who are pursuing degrees in a health-related field to become aware of, qualify for and apply for the Student Loan Repayment for Providers of Health Care in Underserved Communities Program created by NRS 226.458.
9. Take any other actions necessary to fulfill the duties of the Student Loan Ombudsman as set forth in this section.
(Added to NRS by 2019, 2505; A 2023, 1770)
2023 Nevada Revised Statutes › Chapter 226 - State Treasurer › NRS 226.575 - Complaints to be made available to Attorney General; agreement for sharing of information.

1. The Student Loan Ombudsman shall make all complaints received pursuant to NRS 226.570 available to the Office of the Attorney General.
2. The Student Loan Ombudsman and the Attorney General shall enter into an information-sharing agreement for the sharing of complaints between offices.
(Added to NRS by 2023, 2876)
2023 Nevada Revised Statutes › Chapter 226 - State Treasurer › NRS 226.580 - Establishment of course regarding student education loans.

The Student Loan Ombudsman shall establish and maintain an education course for student loan borrowers which provides educational presentations and materials regarding student education loans. The educational course must include, without limitation, information concerning important loan terms, documentation requirements, monthly payment obligations, income-based repayment options, loan forgiveness and disclosure requirements.
(Added to NRS by 2019, 2506)
2023 Nevada Revised Statutes › Chapter 226 - State Treasurer › NRS 226.590 - Biennial report to Legislature.

On or before February 1 of each odd-numbered year, the State Treasurer shall submit to the Director of the Legislative Counsel Bureau for transmittal to the next regular session of the Legislature a written report concerning:
1. The implementation of NRS 226.500 to 226.590, inclusive; and
2. The overall effectiveness of the Student Loan Ombudsman.
(Added to NRS by 2019, 2506)
2023 Nevada Revised Statutes › Chapter 226 - State Treasurer › NRS 226.600 - Establishment; deposit of money received from participants in program; willful violation constitutes deceptive trade practice; regulations.

1. To the extent consistent with federal law, the State Treasurer shall establish, by regulation, a program that enables a provider of broadband or commercial mobile radio service to participate in a voluntary contribution program for broadband infrastructure that enables a customer of the provider to opt in and make voluntary monetary contributions as part of the customer’s monthly bill to fund a program of infrastructure grants for broadband deployment. The regulations must establish, without limitation:
(a) Procedures to enable a provider of broadband or commercial mobile radio service to elect to participate in the program;
(b) The manner in which a participating provider must give notice to its customers about the program;
(c) Procedures to enable a customer of a participating provider to opt in to the program and make contributions to the program; and
(d) The manner in which a participating provider must collect and account for contributions to the program made by participating customers.
2. The State Treasurer shall deposit money collected from participating providers in the program established pursuant to subsection 1 in the Account for the Grant Program for Broadband Infrastructure created by NRS 223.660.
3. A willful violation by a participant in the program of any regulation adopted pursuant to subsection 1 constitutes a deceptive trade practice for purposes of NRS 598.0903 to 598.0999, inclusive.
(Added to NRS by 2021, 3450)
2023 Nevada Revised Statutes › Chapter 226 - State Treasurer › NRS 226.700 - Definitions.

As used in NRS 226.700 to 226.832, inclusive, unless the context otherwise requires, the words and terms defined in NRS 226.703 to 226.775, inclusive, have the meanings ascribed to them in those sections.
(Added to NRS by 2017, 4125; A 2021, 3810, 3816; 2023, 2827)—(Substituted in revision for NRS 408.55048)
2023 Nevada Revised Statutes › Chapter 226 - State Treasurer › NRS 226.709 - "Digital infrastructure" defined.

"Digital infrastructure" means any infrastructure which allows for the use of data, computerized devices, methods, systems and processes that are designed to enhance broadband connectivity or facilitate the development of new or existing technologies.
(Added to NRS by 2021, 3810)—(Substituted in revision for NRS 408.550515)
2023 Nevada Revised Statutes › Chapter 226 - State Treasurer › NRS 226.712 - "Eligible costs" defined.

"Eligible costs" means, as applied to a qualified project to be financed from any account established pursuant to NRS 226.787, the cost of:
1. Applying for and obtaining financial assistance from the Bank.
2. Preliminary engineering, traffic and revenue studies, environmental studies, right-of-way acquisition, legal and financial services associated with the development of the qualified project, construction, construction management, facilities, sustainability certification and other costs necessary for the qualified project to the extent such costs are an authorized use of the money obtained to capitalize the Bank.
(Added to NRS by 2017, 4125; A 2021, 3811, 3816)—(Substituted in revision for NRS 408.55052)
2023 Nevada Revised Statutes › Chapter 226 - State Treasurer › NRS 226.715 - "Eligible project" defined.

"Eligible project" means the development, construction, repair, improvement, operation, maintenance, decommissioning or ownership of a transportation facility, utility infrastructure, water and wastewater infrastructure, renewable energy infrastructure, recycling and sustainability infrastructure, digital infrastructure, K-12 school facility, social infrastructure and other infrastructure related to economic development.
(Added to NRS by 2017, 4126; A 2021, 3811, 3816; 2023, 2827)—(Substituted in revision for NRS 408.55053)
2023 Nevada Revised Statutes › Chapter 226 - State Treasurer › NRS 226.721 - "Federal accounts" defined.

"Federal accounts" means any accounts established pursuant to NRS 226.787 which are necessary to hold money from federal sources.
(Added to NRS by 2017, 4126; A 2021, 3811, 3816)—(Substituted in revision for NRS 408.55055)
2023 Nevada Revised Statutes › Chapter 226 - State Treasurer › NRS 226.724 - "Financing agreement" defined.

1. "Financing agreement" means any agreement entered into between the Bank and a qualified borrower pertaining to a loan or other financial assistance for a qualified project, which may or may not include nonfinancial provisions relating to the qualified project, including, without limitation, terms and conditions relating to the regulation and supervision of the qualified project.
2. The term includes, without limitation:
(a) A loan agreement;
(b) A trust indenture;
(c) A security agreement;
(d) A reimbursement agreement;
(e) A guarantee agreement;
(f) A bond or note; and
(g) An ordinance or a resolution or similar instrument.
(Added to NRS by 2017, 4126; A 2021, 3816)—(Substituted in revision for NRS 408.55056)
2023 Nevada Revised Statutes › Chapter 226 - State Treasurer › NRS 226.727 - "Governmental unit" defined.

"Governmental unit" means:
1. The State of Nevada, including, without limitation, any board, commission, agency, department, division or instrumentality thereof;
2. A political subdivision of the State of Nevada, including, without limitation, a county, city, town, school district, general or local improvement district or a combination of two or more of those entities acting jointly, including, without limitation, as a regional transportation commission as defined in NRS 482.1825; and
3. A utility.
(Added to NRS by 2017, 4126; A 2021, 3816)—(Substituted in revision for NRS 408.55057)
2023 Nevada Revised Statutes › Chapter 226 - State Treasurer › NRS 226.730 - K-12 school facility" defined.

"K-12 school facility" means buildings and related assets, in a county whose population is less than 100,000, that are used primarily for educational instruction of pupils in kindergarten or in any grades 1 to 12, inclusive, and activities that directly support instruction. The term does not include facilities that are not used for educational instruction, including, without limitation, stand-alone athletic facilities, auditoriums and administrative buildings.
(Added to NRS by 2023, 2824)
2023 Nevada Revised Statutes › Chapter 226 - State Treasurer › NRS 226.733 - "Loan" defined.

"Loan" means any form of direct financial assistance that is provided by the Bank to a qualified borrower to defray all or part of the anticipated or actual costs of a qualified project and is required to be repaid by the borrower over a period of time.
(Added to NRS by 2017, 4126; A 2021, 3816)—(Substituted in revision for NRS 408.55058)
2023 Nevada Revised Statutes › Chapter 226 - State Treasurer › NRS 226.736 - "Loan obligation" defined.

"Loan obligation" means a bond, note or other evidence of a qualified borrower’s obligation to repay a loan given by the Bank.
(Added to NRS by 2017, 4126; A 2021, 3816)—(Substituted in revision for NRS 408.55059)
2023 Nevada Revised Statutes › Chapter 226 - State Treasurer › NRS 226.739 - "Other financial assistance" defined.

"Other financial assistance" means any use of money by the Bank for the benefit of a qualified borrower, including, without limitation, a grant, contribution, credit enhancement, capital or debt reserve for bonds or other debt instrument financing, an interest rate subsidy, letter of credit or other credit instrument, security for a bond or other debt financing instrument and other lawful forms of financing and methods of leveraging funds that are approved by the Board of Directors and, in the case of money made available to the State by the Federal Government, as allowed by applicable federal law.
(Added to NRS by 2017, 4127; A 2021, 3816)—(Substituted in revision for NRS 408.55061)
2023 Nevada Revised Statutes › Chapter 226 - State Treasurer › NRS 226.742 - "Other infrastructure related to economic development" defined.

"Other infrastructure related to economic development" means infrastructure that:
1. Supports a public purpose while promoting economic development for a local, regional or state purpose; and
2. Is not a transportation facility, utility infrastructure, water and wastewater infrastructure, renewable energy infrastructure, recycling and sustainability infrastructure, digital infrastructure, K-12 school facility or social infrastructure.
(Added to NRS by 2021, 3810; A 2023, 2827)—(Substituted in revision for NRS 408.550615)
2023 Nevada Revised Statutes › Chapter 226 - State Treasurer › NRS 226.745 - "Project revenue" defined.

"Project revenue" means any rate, rent, fee, assessment related specifically to the project, charge or other receipt derived or to be derived by a qualified borrower from a qualified project and, if so provided in the applicable financing agreement, derived from any system of which the qualified project is a part or from any other revenue producing facility under the ownership or control of the qualified borrower, including, without limitation, the proceeds of a grant, gift, appropriation or loan, including, without limitation, the proceeds of a loan made by the Bank, investment earnings, payments to a reserve for capital or current expenses, proceeds of insurance or condemnation and proceeds from the sale or other disposition of property.
(Added to NRS by 2017, 4127; A 2021, 3816)—(Substituted in revision for NRS 408.55062)
2023 Nevada Revised Statutes › Chapter 226 - State Treasurer › NRS 226.748 - "Qualified borrower" defined.

"Qualified borrower" means a governmental unit, an Indian reservation or Indian colony or a private nonprofit entity created for charitable or educational purposes.
(Added to NRS by 2017, 4127; A 2021, 3812, 3816)—(Substituted in revision for NRS 408.55063)
2023 Nevada Revised Statutes › Chapter 226 - State Treasurer › NRS 226.754 - "Recycling and sustainability infrastructure" defined.

"Recycling and sustainability infrastructure" means any infrastructure which allows for the processing, storage or transfer of recyclable materials as defined in NRS 444A.013.
(Added to NRS by 2021, 3810)—(Substituted in revision for NRS 408.550643)
2023 Nevada Revised Statutes › Chapter 226 - State Treasurer › NRS 226.760 - "Social infrastructure" defined.

"Social infrastructure" means any infrastructure which:
1. Is used or useful for the construction, development and maintenance of facilities and systems that support social services, including, without limitation, those services related to health care, education, affordable housing, workforce housing, homelessness and food security; and
2. Augments existing services, including, without limitation, the services provided pursuant to chapters 319 and 387 of NRS.
(Added to NRS by 2021, 3810; A 2023, 2828)—(Substituted in revision for NRS 408.550647)
2023 Nevada Revised Statutes › Chapter 226 - State Treasurer › NRS 226.763 - "State and local accounts" defined.

"State and local accounts" means any accounts established pursuant to NRS 226.787 which are necessary to hold money from state and local governments or contributions made from any other source, except for federal sources.
(Added to NRS by 2017, 4127; A 2021, 3812, 3816)—(Substituted in revision for NRS 408.55065)
2023 Nevada Revised Statutes › Chapter 226 - State Treasurer › NRS 226.766 - "Transportation facility" defined.

"Transportation facility" means any existing, enhanced, upgraded or new facility that is used or useful for the safe transport of people, information or goods via one or more modes of transport, including, without limitation, any of the following:
1. A road, railroad, bridge, tunnel, overpass, airport, mass transit, light or commuter rail, conduit, ferry, boat, vessel, parking facility, intermodal or multimodal system or any other mode of transport, including, without limitation, those utilizing autonomous technology, and any rights of way necessary for any eligible transportation facility.
2. Related or ancillary to, or used or useful to provide, operate, maintain or generate revenue for, a facility described in subsection 1, including, without limitation, administrative buildings and other buildings, structures, rest areas, maintenance yards, rail yards, ports of entry or storage facilities, vehicles, rolling stock, energy systems, control, communications and information systems, parking facilities and similar commercial facilities used for the support of or the transportation of persons, information or goods or other related equipment, items or property, including, without limitation, any other property that is needed to operate the facility.
3. All improvements, including equipment necessary to the full utilization of a transportation facility, including, without limitation, site preparation, roads and streets, sidewalks, water supply, outdoor lighting, belt line railroad sidings and lead tracks, bridges, causeways, terminals for railroad, automotive and air transportation and transportation facilities incidental to the project.
(Added to NRS by 2017, 4127; A 2021, 3816)—(Substituted in revision for NRS 408.55066)
2023 Nevada Revised Statutes › Chapter 226 - State Treasurer › NRS 226.772 - "Utility infrastructure" defined.

"Utility infrastructure" means any infrastructure of a utility that is installed in any city or county that improves or expands the system of the utility.
(Added to NRS by 2017, 4128; A 2021, 3812, 3816)—(Substituted in revision for NRS 408.55068)
2023 Nevada Revised Statutes › Chapter 226 - State Treasurer › NRS 226.775 - "Water and wastewater infrastructure" defined.

"Water and wastewater infrastructure" means any infrastructure which:
1. Relates to water, including, without limitation, clean water, drinking water, wastewater, energy efficiency projects at drinking water and wastewater facilities, brackish or seawater desalination, aquifer recharge, alternative water supply, water recycling and drought mitigation projects; and
2. Augments the existing programs created pursuant to chapter 445A of NRS.
(Added to NRS by 2021, 3810)—(Substituted in revision for NRS 408.550685)
2023 Nevada Revised Statutes › Chapter 226 - State Treasurer › NRS 226.784 - Executive Director: Appointed by Governor; duties; powers; compensation.

1. The Governor shall, to the extent that money is available from public or private sources for administrative costs, appoint an Executive Director of the Bank. The Executive Director is in the unclassified service of the State and serves at the pleasure of the Governor.
2. The Executive Director shall administer, manage and conduct the business and affairs of the Bank subject to the direction of the Board of Directors, any conditions that the Board of Directors may from time to time prescribe or as delegated by the Board of Directors. Except as otherwise provided in this subsection, the Executive Director may exercise any power, function or duty conferred by law on the Bank in connection with the administration, management and conduct of the business and affairs of the Bank, including, without limitation:
(a) Hiring, to the extent that money is available from public or private sources for administrative costs, such employees in either the classified or unclassified service of the State as are necessary to carry out the statutory purposes and powers of the Bank.
(b) Entering into contracts concerning investments, guarantees or credit enhancements.
(c) Establishing procedures, guidelines, criteria, terms, conditions or other requirements of any contract, bond, loan, grant or program in order to carry out the intents and purposes of the Bank in authorizing the contract, bond, loan, grant or other program.
(d) Declining to guarantee any risk or to enter into any contract.
(e) Reinsuring any risk or any part of any risk, as provided in NRS 226.799.
(f) Making rules for payments through the Bank and determining to whom and through whom the payments are to be made.
(g) Investing and reinvesting any money belonging to the Bank.
(h) Entering into any contract or agreement, executing any instrument, conducting all business and affairs and performing any act necessary or convenient to carrying out the statutory purposes and powers of the Bank.
(i) Executing any instrument or performing any act necessary or convenient to carry out his or her duties pursuant to NRS 226.700 to 226.832, inclusive.
3. The Executive Director and any employees hired pursuant to this section must be paid by the Bank from money allocated to the Bank and appropriated or authorized by the Legislature or the Interim Finance Committee.
(Added to NRS by 2017, 4131; A 2021, 3816)—(Substituted in revision for NRS 408.55072)
2023 Nevada Revised Statutes › Chapter 226 - State Treasurer › NRS 226.790 - Loans: Application required; Executive Director to review applications; required terms of loans; Bank to determine form and content of applications, financing agreements and loan obligations; federal requirements; interest free loan to school districts under certain circumstances.

1. A qualified borrower that wishes to obtain a loan or other financial assistance from the Bank to develop, construct, repair, improve, operate, maintain, decommission or own an eligible project must apply to the Bank in the manner prescribed by the Bank.
2. The Executive Director shall:
(a) Review each application and determine whether the application is for an eligible project; and
(b) At the request of the Board of Directors, submit information to the Board of Directors concerning any eligible project.
3. The Board of Directors shall, from time to time, designate qualified projects from among the eligible projects. The Board of Directors may give preference to an eligible project that has demonstrated local financial support.
4. The Bank may provide a loan and other financial assistance to a qualified borrower to pay for all or part of the eligible costs of a qualified project. The term of the loan or other financial assistance may not exceed the anticipated useful life of the qualified project. A loan or other financial assistance may be provided in anticipation of reimbursement for or direct payment of all or part of the eligible costs of a qualified project. For purposes of this subsection, the anticipated useful life of a K-12 school facility must not be deemed to be longer than 50 years.
5. The Bank shall determine the form and content of a loan application, financing agreement or loan obligation, including, without limitation:
(a) The period for repayment and the rate or rates of interest on a loan; and
(b) Any nonfinancial provisions included in a financing statement or loan obligation, including, without limitation, terms and conditions relating to the regulation and supervision of a qualified project.
Such form and content must substantially conform with the documents typically used for such transactions.
6. The terms and conditions set forth in a financing agreement or loan obligation for a loan or other financial assistance provided by the Bank using money from a federal account must comply with all applicable federal requirements.
7. If a loan is made to a school district, the Bank may fix the rate of interest of the loan at 0 percent if the school district demonstrates to the Board of Directors that the school district has financial constraints that would not allow the school district to repay a loan with a rate of interest fixed according to the standards otherwise used by the Bank.
(Added to NRS by 2017, 4133; A 2021, 3814, 3816; 2023, 2833)—(Substituted in revision for NRS 408.55074)
2023 Nevada Revised Statutes › Chapter 226 - State Treasurer › NRS 226.793 - Qualified borrower: Required entry into financing agreement to obtain loan or other financial assistance; authorized uses of loan proceeds.

1. A qualified borrower that wishes to obtain a loan or other financial assistance from the Bank must enter into a financing agreement with the Bank and may be required to issue a loan obligation to the Bank. Except as otherwise provided by specific statute, a qualified borrower entering into a financing agreement with the Bank or issuing a loan obligation to the Bank may perform any act, take any action, adopt any proceedings and make and carry out any contract or agreement with the Bank as may be agreed to by the Bank and the qualified borrower for carrying out the purposes contemplated by NRS 226.700 to 226.832, inclusive.
2. A qualified borrower may, in addition to any authorization set forth in this section, use any authorization granted by any other statute that allows the qualified borrower to borrow money and issue obligations in obtaining a loan or other financial assistance from the Bank to the extent determined necessary or useful by the qualified borrower in connection with any financing agreement or the issuance, securing or sale of a loan obligation to the Bank.
3. A qualified borrower may:
(a) Receive, apply, pledge, assign and grant security interests in its project revenues to secure its loan obligations as provided in NRS 226.700 to 226.832, inclusive; and
(b) Impose and collect fees, rates, rents, assessments and other charges of general or special application for the operation of a qualified project, the system of which the qualified project is a part and any other revenue producing facilities from which the qualified borrower derives project revenues to meet its loan obligations under a financing agreement or to otherwise provide for the development, construction, repair, improvement, operation, maintenance, decommissioning or ownership of a qualified project.
(Added to NRS by 2017, 4133; A 2021, 3816)—(Substituted in revision for NRS 408.55075)
2023 Nevada Revised Statutes › Chapter 226 - State Treasurer › NRS 226.796 - Confidential information; exceptions.

1. Except as otherwise provided in subsections 2 and 3, the Bank shall keep confidential any information that is required to be submitted or disclosed to the Bank:
(a) In an application for a loan or other financial assistance and which has not already been made public or is not otherwise publicly available, other than:
(1) The amount of the loan or other financial assistance being sought;
(2) The name of each person in any submission or disclosure;
(3) The basis for the loan or other financial assistance being sought;
(4) The terms or proposed terms of the loan or other financial assistance being sought;
(5) Any information asserted in the submission or disclosure that is, or which the Bank asserts to be, necessary or relevant to the decision of the Bank to grant or deny the loan or other financial assistance; and
(6) The amount of the loan or other financial assistance granted; or
(b) Which the Bank is required to keep confidential pursuant to federal law.
2. The Bank shall disclose the information set forth in subsection 1:
(a) Upon the lawful order of a court of competent jurisdiction;
(b) To any person upon the request of the person who is the subject of the information;
(c) Upon the completion of the loan or other financial assistance, excluding any proprietary information; or
(d) In the course of the necessary administration of this chapter.
3. The Bank may disclose the information set forth in subsection 1 to an authorized agent of an agency of the United States Government, a state, a political subdivision of a state, a foreign government or a political subdivision of a foreign government which finances infrastructure projects.
4. A person seeking an order of a court of competent jurisdiction for the disclosure of information described in subsection 1 must submit a motion in writing to the court requesting the information. At least 10 days before submitting the motion, the person must provide notice to the Bank, the Attorney General and all persons who may be affected by the disclosure of the information. The notice must:
(a) Include, without limitation, a copy of the motion and all documents in support of the motion that are to be filed with the court; and
(b) Be delivered in person or by certified mail to the last known address of each person to whom notice must be provided.
5. As used in this section:
(a) "Confidential business information" means any information relating to the amount or source of any income, profits, losses or expenditures of a person, including, without limitation, data relating to cost or price submitted to the Bank in support of a proposal. The term does not include the amount of a bid or proposal.
(b) "Proprietary information" means any trade secret or confidential business information that is contained in a proposal submitted to the Bank.
(Added to NRS by 2023, 2824)
2023 Nevada Revised Statutes › Chapter 226 - State Treasurer › NRS 226.799 - Bank may provide insurance or reinsurance of loans; duties; requirements.

1. The Bank may provide insurance or reinsurance of loans or portions thereof, or their debt service, including, without limitation, amounts payable as premiums or penalties in the event of mandatory or optional prepayment, made to finance a qualified project, and to provide insurance or reinsurance or reserves, or portions thereof, or the yield therefrom, established to secure bonds or other securities issued to fund those loans or reserves.
2. The Bank may:
(a) Arrange an agreement for insurance or reinsurance with a user, mortgagor, lending institution, insurer or any other entity authorized to arrange such agreements in this State; and
(b) Enter into an agreement for insurance or reinsurance with any insurer authorized to reinsure or insure such risks in this State.
3. The Bank may fix a rate or rates of premium for insurance or reinsurance. The rates are not required to be uniform and may reflect any risk and classification of risk that the Bank determines to be reasonable.
4. The Bank may exercise any other power that is necessary or incidental to insurance, reinsurance and related matters.
5. The Bank shall make reasonable provisions for the security of loans made by the Bank, and any insurance, reinsurance and other financing arrangements negotiated by the Bank.
6. Any insurance or reinsurance provided by the Bank does not constitute a debt or pledge of the faith and credit of the State or any subdivision of the State.
(Added to NRS by 2017, 4134; A 2021, 3816)—(Substituted in revision for NRS 408.55076)
2023 Nevada Revised Statutes › Chapter 226 - State Treasurer › NRS 226.802 - Permissible forms of security for issuance of revenue bonds by Bank.

The Bank may provide security for any issue of revenue bonds by the Bank through any commonly accepted financial instrument, including, without limitation:
1. A deed of trust on the resources, facilities and revenues of one or more qualified projects financed by the Bank;
2. A credit enhancement, including, without limitation, a letter of credit, bond insurance or surety bond provided by a private financial institution; and
3. Insurance, reinsurance or a guarantee provided by the Bank itself.
(Added to NRS by 2017, 4135; A 2021, 3816)—(Substituted in revision for NRS 408.55077)
2023 Nevada Revised Statutes › Chapter 226 - State Treasurer › NRS 226.805 - Obligation to third person by Bank: Limitations; requirements.

1. Any obligation to a third person made by the Bank, including, without limitation, a bond or other security issued by the Bank pursuant to NRS 226.781 and any insurance, reinsurance or reserve provided by the Bank pursuant to NRS 226.799:
(a) Does not constitute a debt, liability or obligation of this State or any political subdivision thereof, or a pledge of the faith and credit of this State or any political subdivision thereof, but is payable solely from the revenues or assets of the Bank; and
(b) Must contain on the face thereof a statement to the effect that the Bank is not obligated to pay the obligation or any interest thereon except from the revenues or assets, if any, pledged therefor and that neither the faith and credit nor the taxing power of this State or any political subdivision thereof is pledged to the payment of the principal of or the interest on the obligation.
2. Except as otherwise provided in subsection 3, this section does not prohibit the Bank from:
(a) Pledging the full faith and credit of the Bank for the satisfaction of any obligation to a third person made by the Bank; or
(b) Issuing a bond guarantee or credit enhancement for bonds issued by a qualified borrower.
3. Notwithstanding any provision in NRS 226.700 to 226.832, inclusive, to the contrary, the Bank shall not act as a surety or guarantor for a private utility or any other private company, association or corporation.
(Added to NRS by 2017, 4135; A 2021, 3816)—(Substituted in revision for NRS 408.55078)
2023 Nevada Revised Statutes › Chapter 226 - State Treasurer › NRS 226.808 - Failure of qualified borrower to remit full amount due: Notice; withholding of money allotted or appropriated to borrower; exceptions.

1. Except as otherwise provided in this section, if a qualified borrower that has obtained a loan or other financial assistance from the Bank fails to remit in full any amount due to the Bank on the date on which the amount is due under the terms of any note or other loan obligation given to the Bank by the qualified borrower, the Bank shall notify the appropriate state agencies or officers, including, without limitation, the State Controller, who shall withhold all or a portion of any state money or other money administered by the State and its agencies, boards and instrumentalities that is allotted or appropriated to the qualified borrower and apply an amount necessary to the payment of the amount due.
2. This section does not authorize the State or an agency, board or instrumentality thereof, or the State Controller, to withhold any money allocated or appropriated to a qualified borrower if to do so would violate the terms of:
(a) An appropriation by the Legislature;
(b) Any federal law;
(c) A contract to which the State is a party;
(d) A contract to which a governmental unit or qualified borrower is a party;
(e) A judgment of a court that is binding upon the State; or
(f) The provisions of NRS 387.121 to 387.12468, inclusive, governing apportionments and allowances from the State Education Fund.
(Added to NRS by 2017, 4135; A 2021, 3816; 2023, 2834)—(Substituted in revision for NRS 408.55079)
2023 Nevada Revised Statutes › Chapter 226 - State Treasurer › NRS 226.811 - Immunity from civil liability for certain persons.

The Board of Directors and any member thereof, and any officer, employee, agent or committee member of the Bank is not liable in a civil action for any act performed on behalf of the Bank in good faith and within the scope of their duties or the exercise of their authority pursuant to NRS 226.700 to 226.832, inclusive.
(Added to NRS by 2017, 4136; A 2021, 3816; 2023, 2834)—(Substituted in revision for NRS 408.55081)
2023 Nevada Revised Statutes › Chapter 226 - State Treasurer › NRS 226.814 - Bank not required to provide notice or hearing before performing certain acts.

Except as otherwise provided in NRS 226.700 to 226.832, inclusive, and notwithstanding any other provision of law, the Bank is not required to provide any notice or publication or to conduct any hearing or other proceeding before performing any act authorized in NRS 226.700 to 226.832, inclusive.
(Added to NRS by 2017, 4136; A 2021, 3816)—(Substituted in revision for NRS 408.55082)
2023 Nevada Revised Statutes › Chapter 226 - State Treasurer › NRS 226.817 - Bank exempt from taxation.

The Bank is an instrumentality of this State, and its property and income are exempt from all taxation by this State and any political subdivision thereof.
(Added to NRS by 2017, 4136; A 2021, 3816)—(Substituted in revision for NRS 408.55083)
2023 Nevada Revised Statutes › Chapter 226 - State Treasurer › NRS 226.820 - Bonds and other securities issued by Bank exempt from taxation.

1. Except as otherwise provided in subsection 2, bonds and other securities issued by the Bank pursuant to the provisions of NRS 226.700 to 226.832, inclusive, their transfer and the income therefrom must forever be and remain free and exempt from taxation by this State or any subdivision thereof.
2. The provisions of subsection 1 do not apply to the tax on estates imposed pursuant to the provisions of chapter 375A of NRS or the tax on generation-skipping transfers imposed pursuant to the provisions of chapter 375B of NRS.
(Added to NRS by 2017, 4136; A 2021, 3816)—(Substituted in revision for NRS 408.55084)
2023 Nevada Revised Statutes › Chapter 226 - State Treasurer › NRS 226.823 - Qualified borrower retains right to issue bonds.

Notwithstanding any provision in NRS 226.700 to 226.832, inclusive, to the contrary, NRS 226.700 to 226.832, inclusive, are supplemental to, and not in lieu of, the right of any qualified borrower to issue general obligation bonds or other bonds that the qualified borrower is otherwise lawfully authorized to issue.
(Added to NRS by 2017, 4136; A 2021, 3816)—(Substituted in revision for NRS 408.55085)