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).

1-1 Section 1. Chapter 387 of NRS is hereby amended by adding thereto

1-14 apportionment distributed pursuant to NRS 387.124.

2-1 2. Upon the request of a board of trustees of a school district, the

2-2 department of taxation, in consultation with the department of education,

2-3 shall determine the percentage of that school district’s yearly

2-4 apportionment of the state distributive school account that will be

2-5 required in the next fiscal year to repay loans or other indebtedness of

2-6 the school district that is directly related to the severe financial

2-7 emergency. The department of taxation shall certify the percentage for

2-8 the next fiscal year to the superintendent of public instruction. If the

2-9 request is made of the department of taxation after the beginning of a

2-10 fiscal year, the department of taxation shall certify the percentage in the

2-11 manner provided in this subsection for the remaining quarters of the

2-12 fiscal year.

2-13 3. The superintendent of public instruction shall include the

2-14 additional distribution beginning with the first quarterly or monthly

2-15 apportionment to be made pursuant to NRS 387.124 following the

2-16 certification of the percentage by the department of taxation.

2-17 4. The department of taxation shall continue to make the

2-18 certification required by subsection 2 until the additional distribution

2-19 ceases pursuant to subsection 5.

2-20 5. The superintendent of public instruction shall continue to make

2-21 the additional distribution at the most recent percentage certified by the

2-22 department of taxation until the management of the school district by the

2-23 department of taxation is terminated or the department of taxation

2-24 determines that the additional distribution is no longer necessary,

2-25 whichever is later.

2-26 Sec. 2. 1. There is hereby appropriated from the state general fund

2-27 to White Pine County School District the sum of $350,000 to extend access

2-28 to its NOVA Project to persons throughout the state to provide a computer-

2-29 assisted electronic high school education via a toll-free telephone system

2-30 for adults and pupils who have dropped out of school.

2-31 2. Any remaining balance of the appropriation made by subsection 1

2-32 must not be committed for expenditure after June 30, 2001, and reverts to

2-33 the state general fund as soon as all payments of money committed have

2-34 been made.

2-35 Sec. 3. 1. A school district that is being managed by the department

2-36 of taxation on the effective date of this act because of a severe financial

2-37 emergency is entitled to receive an additional distribution from the state

2-38 distributive school account pursuant to section 1 of this act beginning in

2-39 fiscal year 1999-2000 but is not entitled to any retroactive additional

2-40 distributions.

2-41 2. On or before July 1, 1999, for any school district that is being

2-42 managed by the department of taxation on the effective date of this act

2-43 because of a severe financial emergency, the department of taxation, in

3-1 consultation with the department of education, shall determine the

3-2 percentage of the school district’s yearly apportionment of the state

3-3 distributive school account that will be required in fiscal year 1999-2000 to

3-4 repay loans or other indebtedness of the school district that is directly

3-5 related to the severe financial emergency and certify that percentage to the

3-6 superintendent of public instruction.

3-7 Sec. 4. This act becomes effective upon passage and approval.