NRS386.634. Prerequisites to financing project: Limitation on amount and purpose of financing; establishment of and compliance with guidelines for financing project.

      1.  The Director of the Department of Business and Industry may provide financing for a project pursuant to NRS 386.612 to 386.649, inclusive, if:

      (a) The financing is limited in amount and purpose to the payment of the costs associated with:

             (1) The acquisition, construction, improvement, restoration or rehabilitation of the project; and

             (2) The cost of the project;

      (b) The Director makes the findings required by NRS 386.632; and

      (c) The Director complies with the guidelines established by the Director pursuant to subsection 2.

      2.  The Director of the Department of Business and Industry shall establish guidelines for the provision of financing for a project pursuant to NRS 386.612 to 386.649, inclusive.

      (Added to NRS by 2013, 1592)