2014 Nevada Revised Statutes
Chapter 231 - Economic Development, Tourism and Cultural Affairs
NRS 231.151 - Disposition of certain money received by Office; administration of account.
1. Any money the Office receives pursuant to NRS 231.149 or that is appropriated to carry out the provisions of NRS 231.141 to 231.152, inclusive:
(a) Must be deposited in the State Treasury and accounted for separately in the State General Fund; and
(b) May only be used to carry out those provisions.
2. Except as otherwise provided in subsection 3, the balance remaining in the account that has not been committed for expenditure on or before June 30 of a fiscal year reverts to the State General Fund.
3. In calculating the uncommitted remaining balance in the account at the end of a fiscal year, any money in the account that is attributable to a gift, grant, donation or contribution:
(a) To the extent not inconsistent with a term of the gift, grant, donation or contribution, shall be deemed to have been committed for expenditure before any money that is attributable to a legislative appropriation; and
(b) Must be excluded from the calculation of the uncommitted remaining balance in the account at the end of the fiscal year if necessary to comply with a term of the gift, grant, donation or contribution.
4. The Office shall administer the account. Any interest or income earned on the money in the account must be credited to the account. Any claims against the account must be paid as other claims against the State are paid.
(Added to NRS by 1999, 1264; A 2003, 2647; 2011, 3447)
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