349.937 - “Cost of a water project” defined.

349.937  “Cost of a water project” defined.  “Cost of a water project” means all or a designated part of the cost of any water project, including any incidental cost pertaining to the water project. The cost of a water project may include, among other costs, 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;

      4.  Establishment of a reserve for contingencies;

      5.  Interest on bonds for any time which does not exceed the estimated period of construction plus 1 year, discounts on bonds, reserves for the payment of the principal of and interest on bonds, replacement expenses and other costs of issuing bonds;

      6.  Amending any resolution or other instrument authorizing the issuance of, or otherwise relating to, bonds for the water project; and

      7.  Short-term financing,

Ê and the expense of operation and maintenance of the water project.

      (Added to NRS by 1987, 2273)