ASSEMBLY ACTION Initial and Date |SENATE ACTION Initial and Date
Adopted Lost | Adopted Lost
Concurred In Not
|Concurred In Not
Receded Not | Receded Not
Amend the bill as a whole by deleting section 1 and adding a new section designated section 1, following the enacting clause, to read as follows:
“Section 1. Notwithstanding the provisions of NRS 90.851:
1. Except as otherwise provided in subsection 2, the State Controller shall transfer from the Revolving Account for Investigation, Enforcement and Education created by NRS 90.851 to the Contingency Fund created by NRS 353.266 any money received during the 2003-2005 biennium as a result of the settlement agreement finalized on April 28, 2003, or any other settlement agreement finalized after that date, between leading investment firms and the Securities and Exchange Commission, or any resulting settlement agreements between such leading investment firms and this state entered into on or after April 28, 2003.
2. The provisions of subsection 1 do not apply to any money received pursuant to an agreement that expressly designates that money as money for the education of investors.
3. Upon the request of the State Public Works Board, the Interim Finance Committee may transfer to the appropriate account for the use of the State Public Works Board any money transferred to the Contingency Fund pursuant to subsection 1. Money transferred pursuant to this subsection must be used for costs of construction and other costs associated with the project numbered and described in the executive budget for the Fiscal Years 2003-2004 and 2004-2005 or otherwise described as project 03-C6, State Emergency Operations Center.”.
Amend the title of the bill to read as follows:
“AN ACT relating to state financial administration; providing for the transfer and use of certain money received from leading investment firms pursuant to certain settlement agreements; and providing other matters properly relating thereto.”.
Amend the summary of the bill to read as follows: