exempt

                                                   (Reprinted with amendments adopted on June 2, 2003)

 

Assembly Bill No. 466–Committee on Ways and Means

 

(On Behalf of the Department of Administration)

 

March 24, 2003

____________

 

Referred to Committee on Ways and Means

 

SUMMARY—Makes appropriation for special assessment on state-owned property assessed for improvements relating to flood protection project. (BDR S‑1253)

 

FISCAL NOTE:  Effect on Local Government: No.

                           Effect on the State: Contains Appropriation not 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 making an appropriation for a special assessment on state-owned property that has been assessed for improvements relating to a flood protection project; 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. 1.  There is hereby appropriated from the State

1-2  General Fund to the Division of State Lands of the State Department

1-3  of Conservation and Natural Resources the sum of $116,641.00 to

1-4  pay a portion of the special assessment currently due on Special

1-5  Assessment District 57 of the City of North Las Vegas that has been

1-6  assessed for improvements relating to a flood protection project.

1-7  2.  At the time the two parcels on which the assessments are

1-8  paid pursuant to subsection 1 are offered for sale, the agreed upon

1-9  selling price must include an amount, set aside from the proceeds of

1-10  the sale of the property, to repay the appropriation made by

1-11  subsection 1. The amount set aside must be equal to the actual

1-12  amount of the assessments that are paid to the City of North Las

1-13  Vegas from the money appropriated by subsection 1. The

1-14  Legislature hereby declares that the money set aside pursuant to this

2-1  subsection to repay the appropriation made by subsection 1 does not

2-2  constitute proceeds from the sale of the property for the purposes of

2-3  Section 3 of Article 11 of the Constitution of the State of Nevada.

2-4  3.  The State Land Registrar shall ensure that upon receipt by

2-5  the State of the money from the sale of the parcels, the money set

2-6  aside as required by subsection 2 is deposited in the State General

2-7  Fund.

2-8  Sec. 2.  Any remaining balance of the appropriation made by

2-9  subsection 1 of section 1 of this act must not be committed for

2-10  expenditure after June 30, 2004, and reverts to the State General

2-11  Fund as soon as all payments of money committed have been made.

2-12      Sec. 3.  This act becomes effective on July 1, 2003.

 

2-13  H