Assembly Bill No. 150–Committee on Ways and Means

(On Behalf of Controller)

February 5, 1999

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Referred to Committee on Ways and Means

 

SUMMARY—Abolishes state highway payroll clearing account. (BDR 35-665)

FISCAL NOTE: Effect on Local Government: No.

Effect on the State or on Industrial Insurance: No.

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EXPLANATION – Matter in bolded italics is new; matter between brackets [omitted material] is material to be omitted. Green numbers along left margin indicate location on the printed bill (e.g., 5-15 indicates page 5, line 15).

 

AN ACT relating to the department of transportation; abolishing the state highway payroll clearing account; and providing other matters properly relating thereto.

 

THE PEOPLE OF THE STATE OF NEVADA, REPRESENTED IN SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS:

1-1 Section 1. NRS 408.227 is hereby repealed.

1-2 Sec. 2. This act becomes effective on July 1, 1999.

 

1-3 TEXT OF REPEALED SECTION

 

1-4 408.227 State highway payroll clearing account: Establishment;

1-5 reimbursement; placement in banks.

1-6 1. The state highway payroll clearing account is hereby established to

1-7 pay the payroll of the department. As the payroll warrants are presented to

1-8 the state highway payroll clearing account for payment, the state treasurer

1-9 shall reimburse the state highway payroll clearing account.

1-10 2. The director shall place the state highway payroll clearing account

1-11 in one or more banks of reputable standing which have been approved by

1-12 the state board of finance.

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