exempt

                                                                                                  

 

Assembly Bill No. 466–Committee on Ways and Means

 

(On Behalf of the Department of Administration)

 

March 24, 2003

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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 $245,625.35 to

1-4  pay a special assessment on two parcels of state land located in

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

1-6  has been assessed for improvements relating to a flood protection

1-7  project.

1-8  2.  At the time the two parcels on which the assessments are

1-9  paid pursuant to subsection 1 are offered for sale, the agreed upon

1-10  selling price must include an amount, set aside from the proceeds of

1-11  the sale of the property, to repay the appropriation made by

1-12  subsection 1. The amount set aside must be equal to the actual

1-13  amount of the assessments that are paid to the City of North Las

1-14  Vegas from the money appropriated by subsection 1. The

2-1  Legislature hereby declares that the money set aside pursuant to this

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

2-3  constitute proceeds from the sale of the property for the purposes of

2-4  Section 3 of Article 11 of the Constitution of the State of Nevada.

2-5  3.  The State Land Registrar shall ensure that upon receipt by

2-6  the State of the money from the sale of the parcels, the money set

2-7  aside as required by subsection 2 is deposited in the State General

2-8  Fund.

2-9  Sec. 2.  This act becomes effective upon passage and approval.

 

2-10  H