Establishment of loan program; use of money; conditions; technical assistance.

Nev. Rev. Stat. § 414.460
in effect
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1. The Office shall develop and carry out a program for an eligible recipient to apply for a loan from the Account for the purpose of financing a hazard mitigation project. Any loan of money from the Account to an eligible recipient must be made in compliance with any applicable requirement set forth in the STORM Act. 2. In carrying out the program, the Office shall: (a) Prioritize approving loans for hazard mitigation projects that the Office determines will have the greatest impact on mitigating hazards in this State; and (b) Except as otherwise prohibited by federal law, require as a condition of a loan of money from the Account to fund all or part of the costs of a hazard mitigation project, an eligible entity to comply with the provisions of NRS 338.013 to 338.090 , inclusive, and the competitive bidding requirements of chapter 338 of NRS. 3. The Office may provide technical assistance to eligible recipients in applying for and administering loans from the Account.
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-414.htmlFetched: 10/4/2026
Nev. Rev. Stat. § 414.460 — Establishment of loan program; use of money; conditions; technical assistance | Nevada Revised Statutes | Corpus