Nevada Administrative Code

NAC 231.310 Preapplication by business for participation in program; approval, modification or denial; criteria for approval. (NRS 231.152) 1. A person who operates or will operate a business in this State may apply to the Office to participate in a program of workforce recruitme…

NAC 231.315 Allocation, grant or loan of money to defray cost of program: Request by authorized provider or local governing body; considerations for approval or denial; priority for distributions. (NRS 231.152) 1. If, pursuant to subsection 5 of NRS 231.1467, an authorized provid…

NAC 231.320 Allocation, grant or loan of money to defray cost of program: Recipient must not use money to supplant money otherwise available; requirement to purchase equipment from Nevada System of Higher Education; acceptance of liability for equipment. (NRS 231.152) 1. Any reci…

NAC 231.323 Allocation, grant or loan of money to defray cost of program: Quarterly reporting by authorized provider on progress of program; annual summary of reports; assistance by Office and Department of Employment, Training and Rehabilitation. (NRS 231.152) 1. An authorized p…

NAC 231.327 Allocation, grant or loan of money to defray cost of program: Authority of Executive Director to refuse to make disbursement; written notice of refusal; cure of noncompliance; requirement of recipient to refund. (NRS 231.152) 1. If the Executive Director has reason to…

NAC 231.330 Exclusion of persons from program based upon nonmembership in labor organization prohibited. (NRS 231.152) A person must not be denied the opportunity to participate in a program of workforce recruitment, assessment and training approved by the Office pursuant to NRS …

NAC 231.350 Definitions. (NRS 231.053, 231.1555) As used in NAC 231.350 to 231.385, inclusive, unless the context otherwise requires, the words and terms defined in NAC 231.355 to 231.367, inclusive, have the meanings ascribed to them in those sections. (Added to NAC by Office of…

NAC 231.355 “Certified entity” defined. (NRS 231.053, 231.1555) “Certified entity” means a person who has been granted a certificate of eligibility for transferable tax credits by the Office. (Added to NAC by Office of Economic Dev. by R159-16, eff. 6-26-2018)

NAC 231.360 “New primary job” defined. (NRS 231.053, 231.1555) “New primary job” means a primary job which was created more than 3 months before a date agreed upon by the Office and a certified entity and for which an employee has been employed for at least 3 consecutive months b…

NAC 231.363 “Primary job” defined. (NRS 231.053, 231.1555) “Primary job” means a permanent position of employment at a physical location of a certified entity in this State if: 1. The employee filling that position works an average of at least 30 hours per week; and 2. Not less t…

NAC 231.367 “Transferable tax credit” defined. (NRS 231.053, 231.1555) “Transferable tax credit” means a transferable tax credit issued pursuant to NRS 231.1555. (Added to NAC by Office of Economic Dev. by R159-16, eff. 6-26-2018)

NAC 231.372 Application for certificate of eligibility; assistance by Office and Executive Director; determination on application. (NRS 231.053, 231.1555) 1. A person who wishes to apply for a certificate of eligibility for transferable tax credits pursuant to NRS 231.1555 must s…

NAC 231.375 Agreement with certified entity upon approval of application. (NRS 231.053, 231.1555) If an application for a certificate of eligibility for transferable tax credits submitted pursuant to NAC 231.372 is approved, the Office will enter into an agreement with the certif…

NAC 231.380 Investigation of certified entity to determine compliance with agreement. (NRS 231.053, 231.1555) At the direction of the Executive Director, the Office may conduct an investigation of a certified entity to determine whether the certified entity is creating new primar…

NAC 231.385 Grounds for determination certified entity not in compliance with, and in default on, agreement. (NRS 231.053, 231.1555) The Office may find that a certified entity is not in compliance with, and in default on, an agreement entered into with the Office pursuant to NAC…

NAC 231.400 Definitions. (NRS 231.053, 231.1577) As used in NAC 231.400 to 231.450, inclusive, unless the context otherwise requires, the words and terms defined in NAC 231.405 to 231.422, inclusive, have the meanings ascribed to them in those sections. (Added to NAC by Office of…

NAC 231.405 “Catalyst Account” defined. (NRS 231.053, 231.1577) “Catalyst Account” means the Catalyst Account created by NRS 231.1573. (Added to NAC by Office of Economic Dev. by R159-16, eff. 6-26-2018)

NAC 231.407 “Catalyst Account disbursement” defined. (NRS 231.053, 231.1577) “Catalyst Account disbursement” means a disbursement of money made to a business from a grant or loan of money made to a sponsoring municipality from the Catalyst Account pursuant to NRS 231.1577. (Added…

NAC 231.415 “New primary job” defined. (NRS 231.053, 231.1577) “New primary job” means a primary job which was created more than 3 months before a date agreed upon by a sponsoring municipality and a business receiving a Catalyst Account disbursement and for which an employee has …

NAC 231.418 “Primary job” defined. (NRS 231.053, 231.1577) “Primary job” means a permanent position of employment at a physical location of a business in this State if: 1. The employee filling that position works an average of at least 30 hours per week; and 2. Not less than half…

NAC 231.422 “Sponsoring municipality” defined. (NRS 231.053, 231.1577) “Sponsoring municipality” means the county or incorporated city in this State approved by the Office to receive a grant or loan of money from the Catalyst Account. (Added to NAC by Office of Economic Dev. by R…

NAC 231.430 Application for grant or loan from Account; assistance by Office and Executive Director; determination on application. (NRS 231.053, 231.1555) 1. A county or incorporated city that wishes to apply for a grant or loan from the Catalyst Account must submit an applicatio…

NAC 231.435 Agreement between Office and sponsoring municipality upon approval of application. (NRS 231.053, 231.1555) If an application submitted pursuant to NAC 231.430 is approved, the Office will enter into an agreement with the sponsoring municipality. Such an agreement must…

NAC 231.438 Agreement between sponsoring municipality and business receiving disbursement from Account; accrual of interest to Account if agreement becomes void. (NRS 231.053, 231.1555) 1. An agreement entered into by a sponsoring municipality and a business receiving a Catalyst …

NAC 231.440 Conditions for disbursement of grant or loan of money from Account. (NRS 231.053, 231.1555) The Office will not make a grant or loan of money from the Catalyst Account to a sponsoring municipality until the sponsoring municipality has: 1. Entered into an agreement wit…

NAC 231.445 Investigation of business receiving disbursement from Account to determine compliance with agreement; immediate notification of noncompliance to Executive Director. (NRS 231.053, 231.1555) 1. At the direction of the Executive Director, a sponsoring municipality may co…

NAC 231.450 Grounds for determination sponsoring municipality not in compliance with agreement; authority of Executive Director to refuse to make grant or loan; written notice of noncompliance; cure of noncompliance; voiding of agreement if no cure. (NRS 231.053, 231.1577) 1. The…

NAC 231.500 Definitions. (§ 13 of ch. 345, Stats. 2007) As used in NAC 231.500 to 231.550, inclusive, unless the context otherwise requires, the words and terms defined in NAC 231.505 to 231.520, inclusive, have the meanings ascribed to them in those sections. (Added to NAC by Co…

NAC 231.505 “Air carrier” defined. (§ 13 of ch. 345, Stats. 2007) “Air carrier” means a person that provides commercial air transportation to passengers. (Added to NAC by Comm’n on Tourism by R190-07, eff. 4-17-2008)

NAC 231.510 “Commission” defined. (§ 13 of ch. 345, Stats. 2007) “Commission” means the Commission on Tourism. (Added to NAC by Comm’n on Tourism by R190-07, eff. 4-17-2008)

NAC 231.515 “Director” defined. (§ 13 of ch. 345, Stats. 2007) “Director” means the Director of the Commission. (Added to NAC by Comm’n on Tourism by R190-07, eff. 4-17-2008)

NAC 231.520 “Grant” defined. (§ 13 of ch. 345, Stats. 2007) “Grant” means an amount of money awarded to a small airport pursuant to NAC 231.500 to 231.550, inclusive, from money appropriated to the Commission for that purpose pursuant to section 13 of chapter 345, Statutes of Nev…

NAC 231.525 Application for grant: Form and contents; presentation; review; approval or disapproval; responsibilities of applicant. (§ 13 of ch. 345, Stats. 2007) 1. To receive a grant, a local government applying for a grant for an airport within the jurisdiction of the local go…

NAC 231.530 Eligibility for grant. (§ 13 of ch. 345, Stats. 2007) 1. To be eligible for a grant, an airport within the jurisdiction of a local government applying for a grant: (a) Must be a commercial service airport that does not have more passenger boardings on an annual basis …

NAC 231.535 Use of grant; contribution by airport or recipient of grant. (§ 13 of ch. 345, Stats. 2007) 1. A grant may only be used to: (a) Guarantee that an air carrier will receive an agreed amount of revenue for each flight that the air carrier operates in or out of the airpor…

NAC 231.540 Agreement with Commission. (§ 13 of ch. 345, Stats. 2007) 1. If the Commission approves an application for a grant, the recipient of the grant must enter into an agreement with the Commission. The agreement must specify: (a) The amount of the grant; (b) The proper use…

NAC 231.545 Disbursement of money from grant. (§ 13 of ch. 345, Stats. 2007) 1. The Director may not disburse any money from a grant until: (a) The recipient of a grant and a representative of the Commission have signed the agreement required pursuant to NAC 231.540; and (b) The …

NAC 231.550 Failure to comply with agreement. (§ 13 of ch. 345, Stats. 2007) In addition to any money required to be repaid pursuant to NAC 231.545, if the Commission finds that the recipient of a grant is not using money from the grant in accordance with the provisions of the ag…

NAC 231A.010 Exercise or performance of duties and responsibilities assigned to Director and Department. (NRS 231A.150, 232.520) 1. Any authority granted to the Director and any duty or responsibility assigned to the Director by any provision of this chapter or chapter 231A of NR…

NAC 231A.020 Application for designation as qualified equity investment: Required provisions. (NRS 231A.150, 231A.230) In addition to the requirements set forth in subsection 1 of NRS 231A.230, an application submitted pursuant to that subsection must: 1. Be in writing; 2. Be mad…

NAC 231A.030 Notice to Department of change of names of entities eligible to use tax credits. (NRS 231A.150, 231A.230) For the purposes of subsection 3 of NRS 231A.230, if the names of the entities that are eligible to use the tax credits change as the result of a transfer of a q…

NAC 231A.040 Additional information to be provided to Department with evidence of receipt of cash investment. (NRS 231A.150, 231A.230) A qualified community development entity, impact qualified community development entity or transferee pursuant to subsection 7 of NRS 231A.230, w…

NAC 231A.045 Authorization of qualified community development entity or impact qualified community development entity to make certain investments; prohibition on payment of certain fees by special purpose entity. (NRS 231A.150) 1. For the purpose of making a qualified low-income …

NAC 231A.050 Approval required to accept qualified low-income community investments from more than one qualified community development entity or impact qualified community development entity. (NRS 231A.150, 231A.245) 1. A qualified active low-income community business or impact q…

NAC 231A.060 Notice to Department of qualified low-income community investments. (NRS 231A.150) 1. Not later than 30 days after the date on which a qualified community development entity or impact qualified community development entity makes a qualified low-income community inves…

NAC 231A.070 Recapture: “Cash proceeds” and “proceeds” interpreted. (NRS 231A.150) For the purposes of NRS 231A.250, the Department will interpret the terms: 1. “Cash proceeds,” as used in subsection 4 of NRS 231A.250; and 2. “Proceeds,” as used in paragraph (b) of subsection 3 o…

NAC 231A.075 Recapture: Additional circumstances requiring recapture by Department of tax credits. (NRS 231A.150, 231A.250) 1. In addition to the circumstances described in NRS 231A.250, the Department shall recapture, from the entity that claimed the credit on a return, the amou…