Nev. Admin. Code § 439A.295 - Determining when capital expenditure is incurred by or on behalf of health facility

1. A capital expenditure is incurred by or on behalf of a health facility:

(a) When a contract, enforceable under state law, is entered into by or on behalf of the health facility for the construction, acquisition, lease or financing of a capital asset;

(b) When the governing board of the health facility takes formal action to commit money for a construction project undertaken by the health facility as its own contractor; or

(c) In the case of donated property, on the date on which the gift is completed under applicable state law.

2. An obligation for a capital expenditure which is contingent upon issuance of a letter of approval is not considered incurred until the letter of approval is issued.

3. A capital expenditure is incurred by or on behalf of a health facility if the capital expenditure:

(a) Is required for providing health services in or through the facility;

(b) Is required for new construction; or

(c) Will provide a direct benefit to the facility substantially related to the health services to be offered in or through the facility.

Notes

Nev. Admin. Code § 439A.295

Added to NAC by Dep't of Human Resources, eff. 9-4-84; A 3-6-86; 10-14-97

NRS 439A.081, 439A.100