NRS386.617. “Expense of operation and maintenance” defined.

  “Expense of operation and maintenance” means any reasonable and necessary expense of the State for the operation, maintenance and administration of a project or of the collection and administration of revenues from a project and includes, without limitation:

      1.  Expenses for engineering, auditing, reporting, legal services and other expenses of the Director of the Department of Business and Industry which are directly related to the administration of projects.

      2.  Premiums for fidelity bonds and policies of property and liability insurance pertaining to projects, and shares of the premiums of blanket bonds and policies which may be reasonably allocated to the State.

      3.  Payments to pension, retirement, health insurance and other insurance funds.

      4.  Reasonable charges made by any paying agent, commercial bank, credit union, trust company or other depository bank pertaining to bonds issued pursuant to NRS 386.612 to 386.649, inclusive.

      5.  Services rendered under the terms of a contract, services of professionally qualified persons, salaries, administrative expenses and the cost of materials, supplies and labor pertaining to the issuance of any bonds pursuant to NRS 386.612 to 386.649, inclusive, including the expenses of any trustee, receiver or other fiduciary.

      6.  Costs incurred in the collection and any refund of revenues from a project, including the amount of the refund.

      7.  Fees and costs incurred by the Director of the Department of Business and Industry for ensuring compliance with the provisions of NRS 386.612 to 386.649, inclusive.

      (Added to NRS by 2013, 1589)