Senate Bill No. 542–Committee on Human
Resources and Facilities

 

March 26, 2001

____________

 

Referred to Committee on Human Resources and Facilities

 

SUMMARY—Creates fund for residency programs of University of Nevada School of Medicine. (BDR 34‑1449)

 

FISCAL NOTE:    Effect on Local Government: No.

                                 Effect on the State: Yes.

 

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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 education; creating the fund for residency programs of the University of Nevada School of Medicine; 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 396 of NRS is hereby amended by adding thereto a

1-2  new section to read as follows:

1-3    1.  The fund for residency programs of the University of Nevada

1-4  School of Medicine is hereby created as a continuing fund without

1-5  reversion. The Dean of the University of Nevada School of Medicine

1-6  shall administer the fund. Any money received from:

1-7    (a) A direct legislative appropriation to the fund;

1-8    (b) A transfer from the state general fund of an amount equal to one-

1-9  quarter of the interest earned on money in the fund to stabilize the

1-10  operation of the state government made pursuant to NRS 353.288; and

1-11    (c) A grant, gift or donation to the fund,

1-12  must be deposited in the fund. The interest and income earned on the

1-13  money in the fund must, after deducting any applicable charges, be

1-14  credited to the fund.

1-15    2.  Claims against the fund must be paid as other claims against the

1-16  state are paid.

1-17    3.  The money in the fund may be used only for the development,

1-18  management and improvement of residency programs of the University

1-19  of Nevada School of Medicine which provide health care.

2-1    4.  The University of Nevada School of Medicine may apply for any

2-2  available grants and accept any grants, gifts or donations for the support

2-3  of the residency programs.

2-4    Sec. 2.  NRS 353.288 is hereby amended to read as follows:

2-5    353.288  1.  The fund to stabilize the operation of the state

2-6  government is hereby created as a special revenue fund. Except as

2-7  otherwise provided in subsections 2 [and 3,] , 3 and 4, the state controller

2-8  shall deposit to the credit of the fund two-fifths of any revenue in the state

2-9  general fund collected by the state for general, unrestricted uses, and not

2-10  for special purposes, in excess of the amount necessary to:

2-11    (a) Pay all appropriations made for the support of the state government

2-12  for the fiscal year in which that revenue will be deposited in the fund; and

2-13    (b) Attain the reserve required by NRS 353.213.

2-14    2.  The balance in the fund must not exceed 10 percent of the total of

2-15  all appropriations from the state general fund for the operation of all

2-16  departments, institutions and agencies of the state government and

2-17  authorized expenditures from the state general fund for the regulation of

2-18  gaming for the fiscal year in which that revenue will be deposited in the

2-19  fund.

2-20    3.  Except as otherwise provided in this subsection and NRS 353.2735,

2-21  beginning with the fiscal year that begins on July 1, 1999, the state

2-22  controller shall, at the end of each quarter of a fiscal year, transfer from the

2-23  state general fund to the disaster relief fund created pursuant to NRS

2-24  353.2735 an amount equal to one-half of the interest earned on money in

2-25  the fund to stabilize the operation of the state government during the

2-26  previous quarter. The state controller shall not transfer more than $500,000

2-27  for any quarter pursuant to this subsection.

2-28    4.  Beginning with the fiscal year that begins on July 1, 2003, the

2-29  state controller shall, at the end of each quarter of a fiscal year, transfer

2-30  from the state general fund to the fund for residency programs of the

2-31  University of Nevada School of Medicine created pursuant to section 1 of

2-32  this act an amount equal to one-quarter of the interest earned on money

2-33  in the fund to stabilize the operation of the state government during the

2-34  previous quarter.

2-35    5.  Money from the fund to stabilize the operation of the state

2-36  government may be appropriated only:

2-37    (a) If the total actual revenue of the state falls short by 5 percent or

2-38  more of the total anticipated revenue for the biennium in which the

2-39  appropriation is made; or

2-40    (b) If the legislature and the governor declare that a fiscal emergency

2-41  exists.

2-42    Sec. 3.  This act becomes effective on July 1, 2001.

 

2-43  H