The Office shall adopt regulations to carry out the provisions of NRS 414.400 to 414.480 , inclusive. The regulations must include, without limitation: 1. The procedures by which an eligible recipient may apply for a loan from the Account; and 2. The criteria for an eligible recipient to receive a loan from the Account, including, without limitation, a requirement for the eligible recipient to demonstrate: (a) The need for the loan; (b) The ability of the eligible recipient to repay the loan over a fixed term; and (c) That the eligible recipient has the technical, managerial and financial ability to comply with any applicable requirement of the STORM Act.
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