Senate Bill No. 498–Committee on Finance
CHAPTER..........
THE PEOPLE OF THE STATE OF NEVADA, REPRESENTED IN
SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS:
Section 1. Sections 1 and 2 of chapter 511, Statutes of Nevada 1999,
at page 2614, are hereby amended to read respectively as follows:
Section 1. 1. There is hereby appropriated from the state
general fund to the Lincoln County School District the sum of
$1,000,000 for the construction of an elementary school to replace a
school building that has been found unsafe, structurally unsound and
unsuitable for continued use as a school[.] and for the construction
and furnishing of a high school.
2. The appropriation made by subsection 1 is contingent upon a
determination by the State Board of Examiners that:
(a) The total ad valorem tax levy upon property within the Lincoln
County School District for all public purposes is not less than the
maximum authorized pursuant to NRS 361.453;
(b) The taxable value of the taxable property within the Lincoln
County School District is decreasing; and
(c) Based upon the written conclusions of appropriately licensed
experts, the acquisition, construction or repair of school facilities is
necessary to alleviate a substantial risk to the public safety.
3. On or before January 15, [2001,] 2003, the Lincoln County
School District shall submit to the Department of Administration and
the Fiscal Analysis Division of the Legislative Counsel Bureau a final
report of expenditures of the appropriation made bysubsection 1.
Sec. 2. Any remaining balance of the appropriation made by
section 1 of this act must not be committed for expenditure after
June 30, [2001,] 2002, and reverts to the state general fund as soon as
all payments of money committed have been made.
Sec. 2. This act becomes effective upon passage and approval.
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