Nevada Administrative Code › Chapter 349 - State Obligations › FINANCING OF WATER PROJECTS › Filing, Review and Approval of Applications › Section 349.295 - Documentation required with application

Current through June 11, 2024
1. Except as otherwise provided in subsection 2 and NAC 349.420 and 349.425, an application must contain or be accompanied by documentation providing the following items and information:
(a) A feasibility study for the construction, operation and maintenance of the proposed water project, including the expected costs and benefits of the project.
(b) A complete and legible legal description of the entire area of the project, including a map showing the layout of the project and the location and number of acres served by the project in relation to maps of the United States Public Lands Survey, assessor's maps, or aerial or other similar maps showing sections and townships.
(c) A complete and legible copy of the legal description of the property and deed of trust, if any, being offered as security for the proposed financing, including the assessor's plot maps on which the proposed security may be identified.
(d) A review of the amount of water required to satisfy the needs of the project, the source and amounts of supply, rights to the water, the quality of the water, and a schedule of flows to meet the requirements of the project.
(e) A complete and itemized list of the total cost of the proposed water project.
(f) Proof of ownership, easements or agreements, showing that the obligor holds or can acquire all lands, other than public lands, interests therein and water rights necessary for the construction of the proposed project. Copies of deeds to lands to be served, easements or agreements and water rights permits may be used as proof.
(g) Information which demonstrates that the project complies with applicable local regulations governing the use of land and water and other applicable regulations and ordinances.
(h) Data and information deemed necessary by the Director or by the Director's authorized financial advisers, bond underwriters, bond legal counsel or other consultants.
(i) Requirements for energy and related costs to the total project.
(j) A statement indicating whether revenue bonds or state securities will be used to finance the proposed project. If revenue bonds are identified as the source of financing, a written statement from the obligor must be included affirming that the obligor will not undertake to commit the State, or any political subdivision or municipality thereof, other than the obligor, to incur any pecuniary liability in connection with the repayment of bonds for the project.
(k) Preliminary plans, consisting of documents containing:
(1) A physical description of the project and an explanation of the engineering features to be addressed;
(2) The costs of the project;
(3) The benefits of the project;
(4) A proposed finance program and repayment plan, including payments for interest and a timetable for repayment;
(5) Past financial history and credit references;
(6) Water rights available for the project;
(7) Easements and rights-of-way needed for the project;
(8) The qualifications of the obligor; and
(9) The amount of money available for the project other than the money to be derived from bonds.