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 353 of NRS is hereby amended by adding thereto

1-2 a new section to read as follows:

1-3 1. A state agency that uses an invoicing and billing procedure may

1-4 record the revenue receivable from those billings in the central

1-5 accounting system of this state. If recorded, and to the extent approved by

1-6 the state controller pursuant to subsection 2, the revenue shall be deemed

1-7 to be available for payment from the state treasury.

1-8 2. The state controller may approve the availability of revenue for

1-9 payment if the state controller determines that revenue recorded and

1-10 collected through the invoicing and billing procedure of a state agency

1-11 meets the criteria for recording on the modified accrual or accrual basis

1-12 of accounting, whichever is applicable for the type of fund in which the

1-13 revenue is recorded.

2-1 3. As used in this section, "state agency" means an agency, bureau,

2-2 board, commission, department, division or any other unit of the

2-3 executive department of the state government.

2-4 Sec. 2. NRS 353.291 is hereby amended to read as follows:

2-5 353.291 NRS 353.291 to 353.3245, inclusive, and section 1 of this act

2-6 may be cited as the State Accounting Procedures Law.

2-7 Sec. 3. This act becomes effective upon passage and approval.