Senate Bill No. 243–Committee on Finance

 

CHAPTER..........

 

AN ACT making appropriations from the State General Fund to the Fund to Stabilize the Operation of State Government; and providing other matters properly relating thereto.

 

THE PEOPLE OF THE STATE OF NEVADA, REPRESENTED IN

SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS:

 

    Section 1. 1.  There is hereby appropriated from the State

General Fund to the Fund to Stabilize the Operation of State

Government created by NRS 353.288 the sum of $30,000,000.

    2.  Notwithstanding the provisions of NRS 353.235:

    (a) Upon receipt of the projections and estimates of the

Economic Forum required by paragraph (d) of subsection 1 of NRS

353.228 to be reported on or before December 1, 2004, the Interim

Finance Committee shall project the ending balance of the State

General Fund for Fiscal Year 2004-2005, using all relevant

information known to it.

    (b) Except as otherwise provided in paragraph (c), there is

hereby contingently appropriated from the State General Fund to the

Fund to Stabilize the Operation of State Government created by

NRS 353.288 the amount, if any, by which the projection required

by paragraph (a) exceeds the amount of the ending balance of the

State General Fund for Fiscal Year 2004-2005 as estimated by the

2003 Legislature.

    (c) The amount of any appropriation pursuant to paragraph (b)

must not exceed $20,000,000.

    Sec. 2.  This act becomes effective on July 1, 2004.

 

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