No public utility shall, without the consent of the Commission, apply any security or any proceeds thereof to any purpose not specified in the Commission’s order, or supplemental order, or to any purpose in excess of the amount allowed for such purpose in such order, or otherwise in contravention of such order.
NRS 704.325
Limitations on application of security or proceeds
Known as the Utility Environmental Protection Act
The act spans §§ 704–704 (414 sections).
Applied in 2 court decisions — leading case Topaz Mutual Co. v. Marsh (1992)
Most recently applied in Desert Palace, Inc. v. Michael (March 2019)
(Added to NRS by 1957, 445)
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.