exempt

                                                   (REPRINTED WITH ADOPTED AMENDMENTS)

 

Senate Bill No. 494–Committee on Finance

 

(On Behalf of Department of Administration—Budget Division)

 

March 26, 2001

____________

 

Referred to Committee on Finance

 

SUMMARY—Creates Nevada protection account in state general fund. (BDR 31‑1430)

 

FISCAL NOTE:            Effect on Local Government: No.

                                    Effect on the State: Contains Appropriation included in Executive Budget.

 

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EXPLANATION – Matter in bolded italics is new; matter between brackets [omitted material] is material to be omitted.

 

AN ACT relating to nuclear waste; creating the Nevada protection account in the state general fund; providing that the account be used to protect the State of Nevada and its residents through funding activities to prevent the location of a federal nuclear waste repository at Yucca Mountain; making an appropriation; 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 353 of NRS is hereby amended by adding thereto a

1-2  new section to read as follows:

1-3    1.  There is hereby created the Nevada protection account in the state

1-4  general fund.

1-5    2.  The money in the account must be used to protect the State of

1-6  Nevada and its residents through funding activities to prevent the

1-7  location of a federal nuclear waste repository at Yucca Mountain.

1-8    3.  The account must be administered by the governor, who may:

1-9    (a) Apply for and accept any gift, donation, bequest, grant or other

1-10  source of money for deposit in the account; and

1-11    (b) Expend any money received pursuant to paragraph (a) in

1-12  accordance with subsection 2.

1-13    4.  The interest and income earned on the money in the account, after

1-14  deducting any applicable charges, must be credited to the account.

1-15    5.  The money in the account must remain in the account and does

1-16  not revert to the state general fund at the end of any fiscal year.

1-17    Sec. 2.  There is hereby appropriated from the state general fund to the

1-18  Nevada protection account created pursuant to section 1 of this act the sum

1-19  of $4,000,000 to protect the State of Nevada and its residents through

2-1  funding activities to prevent the location of a federal nuclear waste

2-2  repository at Yucca Mountain.

2-3    Sec. 3.  This act becomes effective upon passage and approval.

 

2-4  H