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 328.470 is hereby amended to read as follows:

1-12 328.470 1. The state controller shall ascertain from the reports

1-13 received by the state treasurer the portion of money in the account for

1-14 revenue from the lease of federal lands attributable to activities in each

1-15 county and apportion the money payable to counties accordingly.

1-16 2. [All] Except as otherwise provided in subsection 3, money received

1-17 [:

2-1 (a) By the] by a county treasurer pursuant to this section must be

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

2-3 fund, as the case may be; and

2-4 (b) By a county or school district] and must be used for:

2-5 [(1)] (a) Construction and maintenance of roads and other public

2-6 facilities;

2-7 [(2)] (b) Public services; and

2-8 [(3)] (c) Planning.

2-9 3. Money received by a county treasurer pursuant to this section for

2-10 the school district in the county must be deposited, at the direction of the

2-11 school district, in:

2-12 (a) The fund for the construction of capital projects established by the

2-13 school district pursuant to NRS 354.6113;

2-14 (b) The fund to stabilize the operation of the local government

2-15 established by the school district pursuant to NRS 354.6115;

2-16 (c) The fund for capital projects established by the school district

2-17 pursuant to NRS 387.328; or

2-18 (d) Any combination of the funds specified in paragraphs (a), (b) and

2-19 (c).

2-20 Sec. 3. This act becomes effective on July 1, 1999.

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