Nevada Revised Statutes 704.6646 – Facility for treatment of water acquired and constructed by county: Operation and maintenance of facility by public utility authorized; Commission’s approval of agreement for operation and maintenance required
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1. A public utility may enter into an agreement with a county to operate and maintain a facility acquired and constructed or to be acquired and constructed by a county pursuant to NRS 244.3661. The term of the agreement may be for more than 1 fiscal year. Any such agreement must be approved by the Commission before it becomes effective.
Terms Used In Nevada Revised Statutes 704.6646
- county: includes Carson City. See Nevada Revised Statutes 0.033
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
2. The Commission shall not approve an agreement executed pursuant to this section unless it determines that:
(a) The payments to be made under the agreement to the utility for operation and maintenance of the facility are reasonable and just; and
(b) The agreement is in the public interest.