Assembly Bill No. 257–Committee on Ways and Means

 

(On Behalf of the Department of Administration)

 

March 6, 2003

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Referred to Committee on Ways and Means

 

SUMMARY—Makes appropriations to restore balance in Contingency Fund. (BDR S‑1235)

 

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 making appropriations to restore the balance in the Contingency Fund; 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 Contingency Fund created by NRS 353.266 the

1-3  sum of $8,092,456 to restore and increase the balance in the

1-4  Contingency Fund attributable to the State General Fund to

1-5  $12,000,000.

1-6  2.  There is hereby appropriated from the State Highway Fund

1-7  to the Contingency Fund created by NRS 353.266 the sum of

1-8  $1,889,536 to restore the balance in the Contingency Fund

1-9  attributable to the State Highway Fund to $2,000,000. The money

1-10  appropriated in this subsection must be accounted for separately and

1-11  may only be used for expenditures that may be properly made from

1-12  the State Highway Fund.

1-13      Sec. 2.  This act becomes effective on July 1, 2003.

 

1-14  H