Nevada § 396.826 “Operation and maintenance expenses”: Exclusions from definition

Nevada Statutes

§ 396.826 — “Operation and maintenance expenses”: Exclusions from definition

Nevada § 396.826

Title 34EDUCATION

Ch. 396Nevada

UNIVERSITY SECURITIES LAW

This text of Nevada § 396.826 (“Operation and maintenance expenses”: Exclusions from definition) is published on Counsel Stack Legal Research, covering Nevada primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Nev. Rev. Stat. § 396.826 (2026).

Text

The term “operation and maintenance expenses” does not include:

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.

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The term “operation and maintenance expenses” does not include:
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.