350A.040 - “Cost of a lending project” defined. - Nevada Statutes

350A.040  “Cost of a lending project” defined.  “Cost of a lending project” means all or any designated part of the cost of any lending project, including any incidental cost pertaining to such a project. The cost of a lending project may include, without limitation, the costs of:

      1.  Surveys, audits, preliminary plans, other plans, specifications, estimates and other costs of preparations.

      2.  Appraising, printing, estimating, advice, services of engineers, architects, financial consultants, attorneys, clerical personnel and other agents and employees.

      3.  Publishing, posting, mailing and otherwise giving notice, filing or recording instruments, taking options and fees to banks and credit unions.

      4.  Establishment of a reserve for contingencies.

      5.  Interest on state securities for any time which does not exceed 3 years, discounts on such state securities, reserves for the payment of the principal of and interest on such securities, replacement expenses and other costs of issuing such securities.

      6.  Amending any resolution or other instrument authorizing the issuance of, or otherwise relating to, state securities for any lending project.

      7.  Funding medium-term obligations.

      8.  Financing the issuance of state securities and any other expenses necessary in connection with a lending project, as determined by the Board.

      (Added to NRS by 1981, 767; A 1993, 2318; 1997, 554; 1999, 1473)