Assembly Bill No. 663–Committee on Ways and Means

(On Behalf of Budget Division)

March 22, 1999

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Referred to Committee on Ways and Means

 

SUMMARY—Revises provision governing reversion of appropriation made during 68th session of Nevada Legislature to Tricounty Railway Commission of Carson City. (BDR S-1436)

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 state financial administration; revising the provision governing the reversion of the appropriation made during the 68th session of the Nevada Legislature to the Tricounty Railway Commission of Carson City; 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. Section 2 of chapter 676, Statutes of Nevada 1995, at page

1-2 2589, is hereby amended to read as follows:

1-3 Sec. 2. Any remaining balance of the appropriation made by

1-4 section 1 of this act must not be committed for expenditure after

1-5 [the project is completed,] April 1, 1999, and reverts to the state

1-6 general fund as soon as all payments of money have been made.

1-7 Sec. 2. This act becomes effective upon passage and approval.

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