NRS 445A.145 Administration: Limitations on expenditures; imposition and collection of fees to defray costs.
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NRS 445A.145 Administration: Limitations on expenditures; imposition and collection of fees to defray costs.
1. The Administrator shall not:
(a)Spend more than the amount or percentage authorized pursuant to 33 U.S.C. §§ 1381 et seq. to administer the Account, provide technical assistance or for any other use authorized pursuant to federal law; or
(b)Use any money generated pursuant to NRS 445A.155 for the costs of administering the Account unless authorized by the Legislature.
2. The Administrator may impose and collect a fee from each eligible recipient which receives a loan or other financial assistance from the Account. The fee must be used to defray the costs of administering the Account.
3. If the Administrator imposes a fee, the Commission shall adopt regulations establishing the amount of the fee required to be collected pursuant to subsection 2.