2011 Nevada Revised Statutes
Chapter 701A - Energy-Related Tax Incentives
NRS 701A.450 - Creation; administration; interest and income; use of money; regulations. [Effective through June 30, 2049.]
1. The Renewable Energy Fund is hereby created.
2. The Director of the Office of Energy appointed pursuant to NRS 701.150 shall administer the Fund.
3. The interest and income earned on the money in the Fund must be credited to the Fund.
4. Not less than 75 percent of the money in the Fund must be used to offset the cost of electricity to retail customers of a public utility that is subject to the portfolio standard established by the Public Utilities Commission of Nevada pursuant to NRS 704.7821.
5. The Director of the Office of Energy may establish other uses of the money in the Fund by regulation.
(Added to NRS by 2009, 2009; A 2011, 2075)
Disclaimer: These codes may not be the most recent version. Nevada may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
