Nevada Clean Energy Fund Board of Directors

Duties of the Board

Section 16 of SB407 details the duties of the Board:

(a) Annually develop and adopt a work program to support clean energy projects that benefit single-and multi-family residential, commercial, industrial, educational and governmental property and hospitals and nonprofit property and any other projects which advace the purposes of the chapter;
(b) Develop rules, policies and procedures which specify the eligibility of borrowers and any other terms and conditions of the financial support provided;
(c) Develop and offer a range of financing structures, forms and techniques for qualified clean energy projects including loans, credit enhancements, guarantees, warehousing, securitization, and other financial products and structures;
(d) Leverage private investment;
(e) Develop consumer protection standards;
(f) Assess reasonable fees for the financing and risk management activities provided;
(g) Collect and make available to the public in a centralized database on an Internet website information regarding rates, terms and conditions of all financing support transactions;
(h) Work with market and program participants to provide information regarding best practices;
(i) Prepare an annual report for the public on the financing activities of the Nevada Clean Energy Fund; and
(j) Undertake any other activities necessary.

Nevada Clean Energy Fund Board of Directors

 

(a) The Director of the Office of Energy – Angela Dykema
(b) The Executive Director of the Office of Economic Development or his or her designee – Paul Anderson
(c) The Real Estate Administrator of the Department of Business and Industry or his or her designee – Sharath Chandra
(d) The Commissioner of Financial Institutions or his or her designee – George Burns
(e) One member appointed by the Governor from among a list of nominees submitted by the State Contractors’ Board – Chris Brooks
(f) One member appointed by the Governor from among a list of nominees submitted by labor organizations in this State - VACANT
(g) One member appointed by the Governor from among a list of nominees submitted by the board of county commissioners of the county in this State with the largest population – VACANT
(h) One member appointed by the Governor from among a list of nominees submitted by the board of county commissioners of the county in this State with the second largest population – Jason Geddes
(i) One member appointed by the Governor from among a list of nominees submitted by the boards of county commissioners of the counties in this State not described in paragraph (g) or (h) – VACANT