Senate Bill No. 26–Senator O’Donnell
Prefiled January 19, 2001
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Referred to Committee on Transportation
SUMMARY—Creates fund for aviation. (BDR 44‑696)
FISCAL NOTE: Effect on Local Government: 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 aviation; creating the fund for aviation; providing for the
administration and expenditure of the money in the fund for certain purposes
relating to airports, landing areas and air navigation facilities that are
owned or controlled by a county, city or other local government; 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. Chapter 494
of NRS is hereby amended by adding thereto a
1-2 new section to read as follows:
1-3 1. The fund for aviation is hereby created as a
trust fund in the state
1-4 treasury. The assistant director:
1-5 (a) Shall administer the
fund; and
1-6 (b) May apply for and accept
any gift, bequest, grant, appropriation or
1-7 donation from any source for deposit in the fund.
1-8 2. Any money received by the assistant director
pursuant to the
1-9 provisions of subsection 1 must be deposited in the fund. The money
in
1-10 the fund may be invested as the money in other state funds is
invested.
1-11 After deducting any applicable charges, all interest and income
earned
1-12 on the money in the fund must be credited to the fund. The money in
the
1-13 fund may be expended only in accordance with the terms and
conditions
1-14 of any gift, bequest, grant, appropriation or donation to the fund
or in
1-15 the manner provided in subsection 3. Not more than 1 percent of the
1-16 money in the fund may be used to pay the costs of administering the
1-17 fund.
1-18 3. The assistant director may:
2-1 (a) Expend money in the fund
to award grants to a county, city or
2-2 other local government in this state for the planning,
establishment,
2-3 development, construction, enlargement, improvement, operation or
2-4 maintenance of any airport, landing area or air navigation facility
owned
2-5 or controlled by the county, city or other local government; and
2-6 (b) Adopt regulations to
carry out the provisions of paragraph (a).
2-7 4. Any money received by a county, city or other
local government
2-8 pursuant to the provisions of this section must be accounted for
2-9 separately by the county, city or other local government and may be
used
2-10 only for the purpose for which the money was received by the county,
city
2-11 or other local government.
2-12 5. As used in this section, “assistant director”
means the assistant
2-13 director of the planning division of the department of
transportation.
2-14 Sec. 2. NRS 365.545 is hereby amended to read as follows:
2-15 365.545 1. The proceeds of all taxes on fuel for jet or
turbine-
2-16 powered aircraft imposed
pursuant to the provisions of NRS
365.170 or
2-17 365.203 must be deposited in
the account for taxes on fuel for jet or
2-18 turbine-powered aircraft in
the state general fund and must be allocated
2-19 monthly by the department to
the governmental entity which owns the
2-20 airport at which the tax was
collected, or if the airport is privately owned,
2-21 to the county in which the
airport is located.
2-22 2. The money so received
must be used by the governmental entity
2-23 receiving it to pay the cost
of:
2-24 (a) Transportation projects related to airports, including access
on the
2-25 ground to airports;
2-26 (b) Payment of principal and interest on notes, bonds or other
2-27 obligations incurred to fund
projects described in paragraph (a); [or]
2-28 (c) Contributing money
to the trust fund for aviation created by
2-29 section 1 of this act; or
2-30 (d) Any combination of those
purposes.
2-31 3. Money so received may
also be pledged for the payment of general
2-32 or special obligations
issued to fund projects described in paragraph (a) of
2-33 subsection 2.
2-34 4. Any money pledged
pursuant to the provisions of
subsection 3 may
2-35 be treated as pledged
revenues of the project for the purposes of subsection
2-36 3 of NRS 350.020.
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