Nevada § 244A.745 - Project for generation and transmission of electricity: Establishment, composition, powers and duties of committee to manage project

§ 244A.745. Project for generation and transmission of electricity: Establishment, composition, powers and duties of committee to manage project

1. A county which undertakes a project for the generation and transmission of electricity

shall provide in financing agreements for the project or in the contracts for the

sale of capacity of the project, and contracts for participation in ownership of the

project, if any, for the establishment of a management committee. The committee must be composed of voting members, each of whom represents one or more

purchasers of capacity or participating owners of an undivided interest in the project,

and three nonvoting representatives of the county, appointed by the board of county

commissioners. Each voting member is entitled to a vote equal to the total entitlement to capacity

of the participant or participants represented by that member. The agreements or contracts must fix the numbers of voting members and the manner

of their appointment. 2. Action may be taken by the committee upon an affirmative vote of voting members

representing owner-participants and purchaser-participants entitled to, in the aggregate,

not less than 80 percent of the capacity of the project. The management committee shall exercise general supervision of the construction and

operation of the project, including the approval of all major contracts and other

major matters relating to construction and operation of the project. These include, without limitation, contracts and matters relating to the acquisition

of resources, facilities and supplies, including rights thereto, for fuel, transportation

of fuel, and water for the project. 3. The generating facilities of such project must be designed by a nationally recognized

architectural and engineering firm of favorable reputation selected by the management

committee. Unless otherwise provided for by the management committee, all materials and construction

for the project shall be competitively bid upon terms determined by the management

committee. 4. All other matters relating to the powers, duties, organization and operation of

such committee must be provided by the financing agreements or contracts.