Assembly Bill No. 26–Assemblyman Neighbors

Prefiled January 8, 1999

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Referred to Committee on Government Affairs

 

SUMMARY—Revises distribution of federal money received by State of Nevada from lease of federal lands. (BDR 26-361)

FISCAL NOTE: Effect on Local Government: No.

Effect on the State or on Industrial Insurance: Yes.

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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 state financial administration; revising the provisions governing the distribution of federal money received by this state from the lease of federal lands; 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 328.450 is hereby amended to read as follows:

1-2 328.450 1. [The state treasurer shall deposit in the state distributive

1-3 school account in the state general fund money received in each fiscal year

1-4 pursuant to 30 U.S.C. § 191 in an amount not to exceed $7,000,000.

1-5 2.] Any amount received in a fiscal year by the state treasurer pursuant

1-6 to 30 U.S.C. § 191 [in excess of $7,000,000] must be deposited in the

1-7 account for revenue from the lease of federal lands, which is hereby

1-8 created.

1-9 [3.] 2. The interest and income earned on the money in the account,

1-10 after deducting any applicable charges, must be credited to the account.

1-11 Sec. 2. NRS 328.460 is hereby amended to read as follows:

1-12 328.460 The state controller shall apportion money in the account for

1-13 revenue from the lease of federal lands as follows:

1-14 1. Twenty-five percent to the state distributive school account in the

1-15 state general fund.

1-16 2. Seventy-five percent to the counties from which the fuels, minerals

1-17 and geothermal resources are extracted. [Of the amount received by each

1-18 county, one-fourth must be distributed to the school district in that county.]

2-1 Sec. 3. NRS 328.470 is hereby amended to read as follows:

2-2 328.470 1. The state controller shall ascertain from the reports

2-3 received by the state treasurer the portion of money in the account for

2-4 revenue from the lease of federal lands attributable to activities in each

2-5 county and apportion the money payable to counties accordingly.

2-6 2. All money received [:

2-7 (a) By the] by a county treasurer pursuant to this section must be

2-8 deposited in the general fund of the county [or the county school district

2-9 fund, as the case may be; and

2-10 (b) By a county or school district] and must be used for:

2-11 [(1)] (a) Construction and maintenance of roads and other public

2-12 facilities;

2-13 [(2)] (b) Public services; and

2-14 [(3)] (c) Planning.

2-15 Sec. 4. This act becomes effective on July 1, 1999.

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