Senate Bill No. 496–Committee on Finance

 

May 16, 2003

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Referred to Committee on Finance

 

SUMMARY—Makes various changes concerning financing of Commission on Economic Development to carry out certain training programs for employees of businesses. (BDR 18‑1348)

 

FISCAL NOTE:  Effect on Local Government: No.

                           Effect on the State: No.

 

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EXPLANATION – Matter in bolded italics is new; matter between brackets [omitted material] is material to be omitted.

 

AN ACT relating to economic development; limiting the amount of money that the Commission on Economic Development may expend each fiscal year to carry out certain training programs for employees of businesses; providing for the reversion to the State General Fund of certain money administered by the Commission to carry out such training programs; 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.  Chapter 231 of NRS is hereby amended by adding

1-2  thereto a new section to read as follows:

1-3  1.  All money received by the Commission to pay for programs

1-4  that the Commission approves pursuant to NRS 231.147 must be

1-5  accounted for separately.

1-6  2.  The Commission may expend from the account to pay for

1-7  such programs not more than $750,000 each fiscal year.

1-8  3.  Except as otherwise provided in subsections 4 and 5, the

1-9  balance remaining in the account that has not been committed for

1-10  expenditure on or before June 30 of a fiscal year reverts to the

1-11  State General Fund.

2-1  4.  In calculating the uncommitted remaining balance in the

2-2  account at the end of a fiscal year, any money in the account that

2-3  is attributable to a gift, grant, donation or contribution:

2-4  (a) To the extent not inconsistent with a term of the gift, grant,

2-5  donation or contribution, shall be deemed to have been committed

2-6  for expenditure before any money that is attributable to a

2-7  legislative appropriation; and

2-8  (b) Must be excluded from the calculation of the uncommitted

2-9  remaining balance in the account at the end of the fiscal year if

2-10  necessary to comply with a term of the gift, grant, donation or

2-11  contribution.

2-12      5.  The State Controller, upon determining the uncommitted

2-13  balance remaining in the account at the end of a fiscal year, shall

2-14  add thereto the amount of any legislative appropriation to the

2-15  Commission for the next following fiscal year to pay for programs

2-16  that the Commission approves pursuant to NRS 231.147. The

2-17  reversion required by subsection 3 applies only to the extent that

2-18  the sum determined by the State Controller pursuant to this

2-19  subsection exceeds $750,000.

2-20      Sec. 2.  NRS 231.141 is hereby amended to read as follows:

2-21      231.141  As used in NRS 231.141 to 231.152, inclusive, and

2-22  section 1 of this act, unless the context otherwise requires, the

2-23  words and terms defined in NRS 231.142 to 231.146, inclusive,

2-24  have the meanings ascribed to them in those sections.

2-25      Sec. 3.  NRS 231.152 is hereby amended to read as follows:

2-26      231.152  1.  Except as otherwise provided in subsection 2, the

2-27  Director may adopt such regulations as are necessary to carry out

2-28  the provisions of NRS 231.141 to 231.152, inclusive[.] , except

2-29  section 1 of this act.

2-30      2.  The Commission may adopt such regulations as are

2-31  necessary to carry out the provisions of NRS 231.147 and 231.148.

2-32      Sec. 4.  This act becomes effective on July 1, 2003.

 

2-33  H