“Costs traditionally associated with capital improvements” interpreted.

For the purposes of NRS 349.980 , the Board interprets “costs traditionally associated with capital improvements” to include: 1. The costs to carry out any feasible and appropriate changes in operations necessary for a purveyor of water to become viable, including, without limitation, changes in ownership, management, accounting, rates, maintenance, consolidation and alternative supplies of water; and 2. Any costs that are not directly related to the actual construction of the capital improvement, including, without limitation, costs: (a) For engineering, design, construction, legal and financial services; (b) Incurred in obtaining a loan from the Account for the Revolving Fund; and (c) For acquisition of water rights, easements and rights-of-way.