Assembly Bill No. 605–Committee on Ways and Means

 

CHAPTER..........

 

AN ACT relating to state purchasing; authorizing the chief of the purchasing division of the department of administration to withdraw money from the state purchasing fund under certain circumstances; providing that the maximum balance in the state purchasing fund is permanently reduced by the amount of the withdrawal; limiting the amount of a temporary transfer from the state general fund to the state purchasing fund under certain circumstances; and providing other matters properly relating thereto.

 

THE PEOPLE OF THE STATE OF NEVADA, REPRESENTED IN

SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS:

 

   Section 1. NRS 333.120 is hereby amended to read as follows:

   333.120  1.  The state purchasing fund, in the sum of $1,250,000 is

 hereby created as an internal service fund for the use of the chief in

 purchasing supplies, materials and equipment and services.

   2.  Except as otherwise provided in subsection 3, the chief may

 withdraw from the state purchasing fund an amount not to exceed

 $150,000 per year and is hereby authorized to expend that amount to pay

 the cost to the purchasing division of providing methods for purchasing

 or leasing pursuant to this chapter by the use of forms in electronic

 format through a computer system or network or through the Internet,

 or its successor, if any.

   3.  The chief shall not withdraw money pursuant to subsection 2 if

 the withdrawal would reduce the balance of the state purchasing fund

 below $500,000.

   4.  If the chief makes a withdrawal pursuant to subsection 2, the

 maximum balance of the state purchasing fund is permanently reduced

 by the amount of the withdrawal.

   Sec. 2.  NRS 333.125 is hereby amended to read as follows:

   333.125  Whenever claims payable and properly approved exceed the

 amount of the cash in the state purchasing fund, the state controller may

 transfer temporarily from the state general fund to the state purchasing

 fund such amount as may be required to pay the claims, but not to exceed

 the lesser of [the] :

   1.  The amount receivable from using agencies and political

 subdivisions as certified by the purchasing division ;

   2.  The maximum balance of the state purchasing fund, if reduced

 pursuant to subsection 4 of NRS 333.120; or [$850,000.]

   3.  Eight hundred and fifty thousand dollars.

   Sec. 3.  This act becomes effective upon passage and approval.

 

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