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 subaccount in the account 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 county’s

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

2-7 amount equal to the percentage of the amount that the local government or

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

2-9 local 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

2-14 subaccount in the account after the base monthly allocation determined

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

2-16 special district and enterprise district, he shall immediately determine and

2-17 allocate each:

2-18 (a) Local government’s share of the remaining money by:

2-19 (1) Multiplying one-twelfth of the amount allocated pursuant to NRS

2-20 360.680 by one plus the sum of the:

2-21 (I) Percentage change in the population of the local government for

2-22 the fiscal year immediately preceding the year in which the allocation is

2-23 made, as certified by the governor pursuant to NRS 360.285 except as

2-24 otherwise provided in subsection 6; and

2-25 (II) Average percentage of change in the assessed valuation of the

2-26 taxable property in the local government, [except any] including assessed

2-27 valuation attributable to a redevelopment agency but excluding the

2-28 portion attributable to the net proceeds of minerals, over the 5 fiscal years

2-29 immediately preceding the year in which the allocation is made; and

2-30 (2) Using the figure calculated pursuant to subparagraph (1) to

2-31 calculate and allocate to each local government an amount equal to the

2-32 proportion that the figure calculated pursuant to subparagraph (1) bears to

2-33 the total amount of the figures calculated pursuant to subparagraph (1) of

2-34 this paragraph and subparagraph (1) of paragraph (b), respectively, for the

2-35 local governments and special districts located in the same county

2-36 multiplied by the total amount available in the subaccount; and

2-37 (b) Special district’s share of the remaining money by:

2-38 (1) Multiplying one-twelfth of the amount allocated pursuant to NRS

2-39 360.680 by one plus the average change in the assessed valuation of the

2-40 taxable property in the special district, [except any] including assessed

2-41 valuation attributable to a redevelopment agency but excluding the

2-42 portion attributable to the net proceeds of minerals, over the 5 fiscal years

2-43 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 subaccount.

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 subaccount in the account after the distribution

3-21 for the 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 subaccount in the account 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 subaccount in the account pursuant to the provisions of subsection

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

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

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

3-37 receive the base monthly allocation determined pursuant to subsection 2

3-38 and the state treasurer shall remit that money so allocated. The executive

3-39 director shall allocate any additional money in the county’s subaccount in

3-40 the account pursuant 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 account 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

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

4-11 generally accepted accounting principles, including an estimate for each

4-12 county of the receipts from each tax included in the account; 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 subaccount in the local

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

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

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

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

5-10 functions, the Nevada tax commission shall determine the appropriate

5-11 amounts calculated 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.