Nevada Revised Statutes 396.826 – ‘Operation and maintenance expenses’: Exclusions from definition
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The term ‘operation and maintenance expenses’ does not include:
Terms Used In Nevada Revised Statutes 396.826
- Contract: A legal written agreement that becomes binding when signed.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
1. Any allowance for depreciation, except as otherwise provided in subsection 7 of NRS 396.825;
2. Any costs of reconstruction, improvements, extensions or betterments;
3. Any accumulation of reserves for capital replacements;
4. Any reserves for operation, maintenance or repair of any facilities;
5. Any allowance for the redemption of any bond or other security evidencing a loan or other obligation or the payment of any interest thereon;
6. Any liabilities incurred in the acquisition or improvement of any properties comprising any project or any existing facilities, or any combination thereof; and
7. Any other ground of legal liability not based on contract.