Senate Bill No. 532–Committee on Government Affairs

(On Behalf of Division of Parks)

March 22, 1999

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Referred to Committee on Government Affairs

 

SUMMARY—Changes date by which certain state money must be deposited. (BDR 31-735)

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 deposits of state money; changing the date by which certain state money must be deposited by the division of state parks of the state department of conservation and natural resources; 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 353.250 is hereby amended to read as follows:

1-2 353.250 1. The state treasurer shall designate the financial

1-3 institutions into which money received by a state officer, department or

1-4 commission must be deposited.

1-5 2. Except as otherwise provided in subsections 3 [and 4,] , 4 and 5,

1-6 every state officer, department or commission which receives or which may

1-7 receive any money of the State of Nevada or for its use and benefit shall

1-8 deposit on Thursday of each week, in a financial institution designated by

1-9 the state treasurer to the credit of the state treasurer’s account, all money

1-10 received by that officer, department or commission during the previous

1-11 week.

1-12 3. Except as otherwise provided in subsection 4, if on any day the

1-13 money accumulated for deposit is $10,000 or more, a deposit must be made

1-14 not later than the next working day.

1-15 4. If the division of wildlife of the state department of conservation and

1-16 natural resources accumulates for deposit $10,000 or more on any day, the

1-17 money must be deposited within 10 working days.

2-1 5. If the division of state parks of the state department of

2-2 conservation and natural resources accumulates for deposit less than

2-3 $1,000 in any day, the money must be deposited within 10 working days.

2-4 6. Every officer, department or commission which is required to

2-5 deposit money with the state treasurer shall comply with that requirement

2-6 by depositing the money in a financial institution designated by the state

2-7 treasurer to the credit of the state treasurer’s account.

2-8 [6.] 7. Every officer, head of any department or commissioner who

2-9 fails to comply with the provisions of this section is guilty of a

2-10 misdemeanor in office.

2-11 [7.] 8. As used in this section, "financial institution" means a bank,

2-12 savings and loan association, thrift company or credit union regulated

2-13 pursuant to Title 55 or 56 of NRS.

2-14 Sec. 2. This act becomes effective on July 1, 1999.

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