NRS 701B.990 Board of Directors: Creation; appointment; qualifications; terms; election of Chair; meetings; quorum; adoption of rules; allowances and expenses of members.

466 words·~2 min read·/nv/chapter-701b-renewable-energy-programs/701b-990·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

1. There is hereby created the Board of Directors of the Nevada Clean Energy Fund, consisting of the following nine members:

(a)The Director of the Office of Energy;

(b)The Executive Director of the Office of Economic Development or his or her designee;

(c)The Real Estate Administrator of the Department of Business and Industry or his or her designee;

(d)The Commissioner of Financial Institutions or his or her designee;

(e)One member appointed by the Governor from among a list of nominees submitted by the State Contractors’ Board;

(f)One member appointed by the Governor from among a list of nominees submitted by labor organizations in this State;

(g)One member appointed by the Governor from among a list of nominees submitted by the board of county commissioners of the county in this State with the largest population;

(h)One member appointed by the Governor from among a list of nominees submitted by the board of county commissioners of the county in this State with the second largest population; and

(i)One member appointed by the Governor from among a list of nominees submitted by the boards of county commissioners of the counties in this State not described in paragraph

(g)or (h).

2. The members appointed to the Board pursuant to paragraphs

(e)to (i), inclusive, of subsection 1 should have expertise in matters relating to renewable energy, economic development, banking, law, finance or other matters relevant to the work of the Board. When appointing a member to the Board, consideration must be given to whether the members appointed to the Board reflect the ethnic and geographical diversity of this State.

3. The term of each member of the Board appointed pursuant to paragraphs

(e)to (i), inclusive, of subsection 1 is 3 years. A member may be reappointed for additional terms of 3 years in the same manner as the original appointment. A vacancy occurring in the membership of the Board must be filled in the same manner as the original appointment.

4. The Board shall annually elect a Chair from among its members.

5. The Board shall meet regularly at least semiannually and may meet at other times upon the call of the Chair. Any five members of the Committee constitute a quorum for the purpose of voting. A majority vote of the quorum is required to take action with respect to any matter.

6. The Board shall adopt rules for its own management and government.

7. While engaged in the business of the Board, each member of the Board is entitled to receive the per diem allowance and travel expenses provided for state officers and employees generally.