Nevada § 350A.050 - “Expense of operation and maintenance” defined

§ 350A.050. “Expense of operation and maintenance” defined

“Expense of operation and maintenance” means any reasonable and necessary current

expense of the State for the operation, maintenance or administration of a lending

project or of the collection and administration of revenues therefrom. The term includes, without limitation: 1. Expenses for engineering, auditing, reporting, legal services and other expenses

of the State Treasurer which are directly related to the administration of lending

projects. 2. Premiums for fidelity bonds and policies of property and liability insurance pertaining

to lending projects, and shares of the premiums of blanket bonds and policies which

may be reasonably allocated to lending projects. 3. Payments to pension, retirement, health insurance and other insurance funds. 4. Reasonable charges made by any paying agent, commercial bank, credit union, trust

company or other depository bank pertaining to any state securities. 5. Services rendered under the terms of contracts, services of professionally qualified

persons, salaries, administrative expenses and the cost of materials, supplies and

labor pertaining to the issuance of any state securities, including the expenses of

any trustee, receiver or other fiduciary. 6. Costs incurred in the collection and any refund of revenues from a lending project,

including the amount of the refund.