NRS 348A.020 Determination of aggregate face amount of bonds.
NRS 348A.030 Director or designee may make required certification.
1. “Director” means the Director of the Department of Business and Industry.
2. “Private activity bond” has the meaning ascribed to it in 26 U.S.C. § 141.
3. “State ceiling” has the meaning ascribed to it in 26 U.S.C. § 146(d).
4. “Volume cap” has the meaning ascribed to it in 26 U.S.C. § 146(b) and (c).
1. The volume cap for the Director is, for any calendar year, 50 percent of the state ceiling for that year, subject to augmentation or diminution in accordance with any regulation adopted pursuant to NRS 348A.040.
2. The volume cap for any local government in this state is, for any calendar year, an amount which bears the same ratio to 50 percent of the state ceiling for that year as the population of that local government bears to the population of the entire state, subject to augmentation or diminution in accordance with any regulation adopted pursuant to NRS 348A.040.
NRS 348A.030 Director or designee may make required certification. The Director or any officer or employee of the State designated in writing by the Governor or the Director may make the certification required by 26 U.S.C. § 149(e)(2)(F).
3. Provisions by which the Director, any local government or any agency of this or any other state may share or use any available volume cap.