NRS701.585. Powers and duties of Director; limitations.

      1.  The Director shall:

      (a) Use the money in the Account for Renewable Energy, Energy Efficiency and Energy Conservation Loans and the Account for Set-Aside Programs for the purposes set forth in the American Recovery and Reinvestment Act.

      (b) Determine whether a qualified applicant who receives money or other assistance from the Account for Renewable Energy, Energy Efficiency and Energy Conservation Loans or the Account for Set-Aside Programs complies with the American Recovery and Reinvestment Act and regulations adopted pursuant thereto.

      2.  The Director may:

      (a) Prepare and enter into required agreements with the Federal Government for the acceptance of grants of money for the Account for Renewable Energy, Energy Efficiency and Energy Conservation Loans and the Account for Set-Aside Programs.

      (b) Bind the Office of Energy to terms of the required agreements.

      (c) Accept grants made pursuant to the American Recovery and Reinvestment Act.

      (d) Manage the Account for Renewable Energy, Energy Efficiency and Energy Conservation Loans and the Account for Set-Aside Programs in accordance with the requirements and objectives of the American Recovery and Reinvestment Act.

      (e) Provide services relating to management and administration of the Account for Renewable Energy, Energy Efficiency and Energy Conservation Loans and the Account for Set-Aside Programs, including the preparation of any agreement, plan or report.

      (f) Perform, or cause to be performed by agencies or organizations through interagency agreement, contract or memorandum of understanding, set-aside programs pursuant to the American Recovery and Reinvestment Act.

      (g) Enter into agreements or cooperate with third parties to provide for enhanced leveraging of money in the Account for Renewable Energy, Energy Efficiency and Energy Conservation Loans, additional financing mechanisms or any other program or combination of programs for the purpose of expanding the scope of financial assistance available from the Account for Renewable Energy, Energy Efficiency and Energy Conservation Loans.

      3.  The Director shall not commit any money in the Account for Renewable Energy, Energy Efficiency and Energy Conservation Loans for expenditure for the purposes set forth in NRS 701.590 without obtaining the prior approval of the Legislature or the Interim Finance Committee if the Legislature is not in session.

      (Added to NRS by 2009, 2003; A 2011, 1770)