Nev. Admin. Code § 445C.340 - Grants for purchase and installation of upgrades: Application requirements

Current through March 28, 2022

1. An eligible operator who wishes to apply for a grant of money made available pursuant to NAC 445C.320 must submit to the Division on or after January 1 but before March 31 of the applicable year a complete grant application which must include, but is not limited to, the following information:
(a) The number of storage tanks for which upgrades are needed;
(b) A description of the necessity for the upgrades;
(c) A plan and schedule for the initiation and completion of the purchase and installation of the upgrades;
(d) A complete list of the permits and notifications that are required before initiating and completing the purchase and installation of the upgrades and an explanation of how the applicant will obtain the permits and make the notifications;
(e) Three bids for the completion of anticipated work using bid forms and procedures approved by the Division, unless waived by the Director of the State Department of Conservation and Natural Resources for good cause;
(f) Demonstration of the financial need of the applicant, including, without limitation:
(1) A current balance sheet and income statement prepared in conformity with generally accepted accounting principles;
(2) If the documents required by subparagraph (1) are not available:
(I) A current balance sheet containing, at a minimum, the unrestricted cash or equivalents, investment securities and outstanding debt; and
(II) A current income statement containing, at a minimum, the gross sales, cost of goods sold, operating expenses, depreciation, interest expense and amortization;
(3) The three previous years of filed tax returns of the small business, or the three previous years of filed tax returns of the individual owner, if the entity is a sole proprietor;
(4) Three credit reports of the small business or of the individual owner, if the entity is a sole proprietor;
(5) Any funding or credit denial letters; and
(6) Any other information the Division determines is necessary to make a determination of the financial need of the applicant;
(g) Verification that the applicable storage tanks are available for public use;
(h) A list of all other operating storage tanks owned or operated by the grant applicant in other locations;
(i) The total number of employees employed by the applicant at all petroleum dispensing locations owned or operated by the applicant;
(j) The volume of petroleum sold at the petroleum dispensing location annually during the 2 years immediately preceding the date of application;
(k) A list of all petroleum dispensing locations available for public use that are located not more than 15 miles from the applicable petroleum dispensing location; and
(l) Any other information which the Division determines is necessary to evaluate the eligibility of the applicant.
2. All records acquired by the Division relating to the earnings, revenue and other internal financial matters of any applicant are confidential and will not be revealed in whole or in part except:
(a) For the necessary administration of NAC 445C.320 to 445C.380, inclusive; or
(b) Upon the order of a court of competent jurisdiction.

Notes

Nev. Admin. Code § 445C.340
Added to NAC by Bd. to Review Claims by R032-17, eff. 12-19-2017

NRS 445C.310

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