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. NRS 360.690 is hereby amended to read as follows:

1-2 360.690 1. Except as otherwise provided in NRS 360.730, the

1-12 enterprise district.

2-1 3. If, after making the allocation to each enterprise district for the

2-2 month, the executive director determines there is not sufficient money

2-3 available in the county’s account in the fund to allocate to each local

2-4 government and special district the base monthly allocation determined

2-5 pursuant to subsection 2, he shall prorate the money in the account and

2-6 allocate to each local government and special district an amount equal to

2-7 the percentage of the amount that the local government or special district

2-8 received from the total amount which was distributed to all local

2-9 governments and special districts within the county for the fiscal year

2-10 immediately preceding the year in which the allocation is made. The state

2-11 treasurer shall remit that amount to the local government or special district.

2-12 4. Except as otherwise provided in subsection 5, if the executive

2-13 director determines that there is money remaining in the county’s account

2-14 in the fund after the base monthly allocation determined pursuant to

2-15 subsection 2 has been allocated to each local government, special district

2-16 and enterprise district, he shall immediately determine and allocate each:

2-17 (a) Local government’s share of the remaining money by:

2-18 (1) Multiplying one-twelfth of the amount allocated pursuant to NRS

2-19 360.680 by one plus the sum of the:

2-20 (I) Percentage change in the population of the local government for

2-21 the fiscal year immediately preceding the year in which the allocation is

2-22 made, as certified by the governor pursuant to NRS 360.285 except as

2-23 otherwise provided in subsection 6; and

2-24 (II) Average percentage of change in the assessed valuation of the

2-25 taxable property in the local government, [except any] including assessed

2-26 valuation attributable to a redevelopment agency but excluding the

2-27 portion attributable to the net proceeds of minerals, over the 5 fiscal years

2-28 immediately preceding the year in which the allocation is made; and

2-29 (2) Using the figure calculated pursuant to subparagraph (1) to

2-30 calculate and allocate to each local government an amount equal to the

2-31 proportion that the figure calculated pursuant to subparagraph (1) bears to

2-32 the total amount of the figures calculated pursuant to subparagraph (1) of

2-33 this paragraph and subparagraph (1) of paragraph (b), respectively, for the

2-34 local governments and special districts located in the same county

2-35 multiplied by the total amount available in the account; and

2-36 (b) Special district’s share of the remaining money by:

2-37 (1) Multiplying one-twelfth of the amount allocated pursuant to NRS

2-38 360.680 by one plus the average change in the assessed valuation of the

2-39 taxable property in the special district, [except any] including assessed

2-40 valuation attributable to a redevelopment agency but excluding the

2-41 portion attributable to the net proceeds of minerals, over the 5 fiscal years

2-42 immediately preceding the year in which the allocation is made; and

3-1 (2) Using the figure calculated pursuant to subparagraph (1) to

3-2 calculate and allocate to each special district an amount equal to the

3-3 proportion that the figure calculated pursuant to subparagraph (1) bears to

3-4 the total amount of the figures calculated pursuant to subparagraph (1) of

3-5 this paragraph and subparagraph (1) of paragraph (a), respectively, for the

3-6 local governments and special districts located in the same county

3-7 multiplied by the total amount available in the account.

3-8 The state treasurer shall remit the amount allocated to each local

3-9 government or special district pursuant to this subsection.

3-10 5. The executive director shall not allocate any amount to a local

3-11 government or special district pursuant to subsection 4, unless the amount

3-12 distributed and allocated to each of the local governments and special

3-13 districts in the county in each preceding month of the fiscal year in which

3-14 the allocation is to be made was at least equal to the base monthly

3-15 allocation determined pursuant to subsection 2. If the amounts distributed

3-16 to the local governments and special districts in the county for the

3-17 preceding months of the fiscal year in which the allocation is to be made

3-18 were less than the base monthly allocation determined pursuant to

3-19 subsection 2 and the executive director determines there is money

3-20 remaining in the county’s account in the fund after the distribution for the

3-21 month has been made, he shall:

3-22 (a) Determine the amount by which the base monthly allocations

3-23 determined pursuant to subsection 2 for each local government and special

3-24 district in the county for the preceding months of the fiscal year in which

3-25 the allocation is to be made exceeds the amounts actually received by the

3-26 local governments and special districts in the county for the same period;

3-27 and

3-28 (b) Compare the amount determined pursuant to paragraph (a) to the

3-29 amount of money remaining in the county’s account in the fund to

3-30 determine which amount is greater.

3-31 If the executive director determines that the amount determined pursuant to

3-32 paragraph (a) is greater, he shall allocate the money remaining in the

3-33 county’s account in the fund pursuant to the provisions of subsection 3. If

3-34 the executive director determines that the amount of money remaining in

3-35 the county’s account in the fund is greater, he shall first allocate the money

3-36 necessary for each local government and special district to receive the base

3-37 monthly allocation determined pursuant to subsection 2 and the state

3-38 treasurer shall remit that money so allocated. The executive director shall

3-39 allocate any additional money in the county’s account in the fund pursuant

3-40 to the provisions of subsection 4.

3-41 6. If the Bureau of the Census of the United States Department of

3-42 Commerce issues population totals that conflict with the totals certified by

3-43 the governor pursuant to NRS 360.285, the percentage change calculated

4-1 pursuant to paragraph (a) of subsection 4 must be an estimate of the change

4-2 in population for the calendar year, based upon the population totals issued

4-3 by the Bureau of the Census.

4-4 7. On or before February 15 of each year, the executive director shall

4-5 provide to each local government, special district and enterprise district a

4-6 preliminary estimate of the revenue it will receive from the fund for that

4-7 fiscal year.

4-8 8. On or before March 15 of each year, the executive director shall:

4-9 (a) Make an estimate of the receipts from each tax included in the fund

4-10 on an accrual basis for the next fiscal year in accordance with generally

4-11 accepted accounting principles, including an estimate for each county of the

4-12 receipts from each tax included in the fund; and

4-13 (b) Provide to each local government, special district and enterprise

4-14 district an estimate of the amount that local government, special district or

4-15 enterprise district would receive based upon the estimate made pursuant to

4-16 paragraph (a) and calculated pursuant to the provisions of this section.

4-17 9. A local government, special district or enterprise district may use the

4-18 estimate provided by the executive director pursuant to subsection 8 in the

4-19 preparation of its budget.

4-20 Sec. 2. NRS 354.598747 is hereby amended to read as follows:

4-21 354.598747 1. [For the purpose of calculating] To calculate the

4-43 or enterprise district, the additional revenue must be divided among the

5-1 local governments, special districts or enterprise districts that assume
5-2 the functions on the basis of the proportionate costs of the functions

5-3 assumed.

5-4 The Nevada tax commission shall not allow any increase in the allowed

5-5 revenue from the taxes contained in the county’s account in the local

5-6 government tax distribution fund if the increase would result in a decrease

5-7 in revenue of any local government, special district or enterprise district in

5-8 the county that does not assume those functions. If more than one local

5-9 government, special district or enterprise district assumes the functions, the

5-10 Nevada tax commission shall determine the appropriate amounts calculated

5-11 pursuant to subparagraphs (1) and (2) of paragraph (a).

5-12 2. If a city disincorporates, the board of county commissioners of the

5-13 county in which the city is located must determine the amount the

5-14 unincorporated town created by the disincorporation will receive pursuant

5-15 to the provisions of NRS 360.600 to 360.740, inclusive.

5-16 3. As used in this section:

5-17 (a) "Enterprise district" has the meaning ascribed to it in NRS 360.620.

5-18 (b) "Local government" has the meaning ascribed to it in NRS 360.640.

5-19 (c) "Special district" has the meaning ascribed to it in NRS 360.650.

5-20 Sec. 3. This act becomes effective on July 1, 1999.