Nev. Rev. Stat. § 354.290 — NV Code / Title 31 / Chapter 354 / Section 354.290
County auditor to audit apportionments and keep record of receipts and expenditures; quarterly statements
Status: in_force

1. The county auditor of each county shall: (a) Audit all apportionments made by the county treasurer. (b) Keep a complete record of all such apportionments to and disbursements from funds established under NRS 354.604 . (c) Keep accounts showing the amount of revenue received from each of the various sources, the amount of expenditures of the various departments and the object of the expenditures.

2. At a regular meeting of the board of county commissioners in October, January, April and September, the county auditor shall submit to the board a statement containing the information required by subsection 1 in such detail as may be required, but the statement must, in any event, show the amount of outstanding warrants against and the available balance in each county, state and special fund, together with an analysis of revenues and expenditures for the previous quarter by account and fund. The analysis must use the same accounts and funds as were used in the budget adopted by the board of county commissioners for the applicable fiscal year and must be so organized as to relate directly to that budget.

3. This section is mandatory, and any county auditor failing to comply with the provisions of this section shall be punished as provided in NRS 354.310 .
Nev. Rev. Stat. § 354.613 — NV Code / Title 31 / Chapter 354 / Section 354.613
Enterprise funds: Loan or transfer of money in or associated with fund; increase in amount of fee imposed for purpose of fund; compliance reports; remedy for violation; regulations; applicability; plan to eliminate certain transfers from fund
Status: in_force

1. Except as otherwise provided in this section, the governing body of a local government may, on or after July 1, 2011, loan or transfer money from an enterprise fund, money collected from fees imposed for the purpose for which an enterprise fund was created or any income or interest earned on money in an enterprise fund only if the loan or transfer is made: (a) In accordance with a medium-term obligation issued by the recipient in compliance with the provisions of chapter 350 of NRS , the loan or transfer is proposed to be made and the governing body approves the loan or transfer under a nonconsent item that is separately listed on the agenda for a regular meeting of the governing body, and: (1) The money is repaid in full to the enterprise fund within 5 years; or (2) If the recipient will be unable to repay the money in full to the enterprise fund within 5 years, the recipient notifies the Committee on Local Government Finance of: (I) The total amount of the loan or transfer; (II) The purpose of the loan or transfer; (III) The date of the loan or transfer; and (IV) The estimated date that the money will be repaid in full to the enterprise fund; (b) To pay the expenses related to the purpose for which the enterprise fund was created; (c) For a cost allocation for employees, equipment or other resources related to the purpose of the enterprise fund which is approved by the governing body under a nonconsent item that is separately listed on the agenda for a regular meeting of the governing body; or (d) Upon the dissolution of the enterprise fund.

2. Except as otherwise provided in this section, the governing body of a local government may increase the amount of any fee imposed for the purpose for which an enterprise fund was created only if the governing body approves the increase under a nonconsent item that is separately listed on the agenda for a regular meeting of the governing body, and the governing body determines that: (a) The increase is not prohibited by law; (b) The increase is necessary for the continuation or expansion of the purpose for which the enterprise fund was created; and (c) All fees that are deposited in the enterprise fund are used solely for the purposes for which the fees are collected.

3. Upon the adoption of an increase in any fee pursuant to subsection 2, the governing body shall, except as otherwise provided in this subsection, provide to the Department of Taxation an executed copy of the action increasing the fee. This requirement does not apply to the governing body of a federally regulated airport.

4. The provisions of subsection 2 do not limit the authority of the governing body of a local government to increase the amount of any fee imposed upon a public utility in compliance with the provisions of NRS 354.59881 to 354.59889 , inclusive, for a right-of-way over any public area if the public utility is billed separately for that fee. As used in this subsection, “public utility” has the meaning ascribed to it in NRS 354.598817 .

5. This section must not be construed to: (a) Prohibit a local government from increasing a fee or using money in an enterprise fund to repay a loan lawfully made to the enterprise fund from another fund of the local government; or (b) Prohibit or impose any substantive or procedural limitations on any increase of a fee that is necessary to meet the requirements of an instrument that authorizes any bonds or other debt obligations which are secured by or payable from, in whole or in part, money in the enterprise fund or the revenues of the enterprise for which the enterprise fund was created.

6. The Department of Taxation shall provide to the Committee on Local Government Finance a copy of each report submitted to the Department on or after July 1, 2011, by a county or city pursuant to NRS 354.6015 . The Committee shall: (a) Review each report to determine whether the governing body of the local government is in compliance with the provisions of this section; and (b) On or before January 15 of each odd-numbered year, submit a report of its findings to the Director of the Legislative Counsel Bureau for transmittal to the Legislature.

7. A fee increase imposed in violation of this section must not be invalidated on the basis of that violation. The sole remedy for a violation of this section is the penalty provided in NRS 354.626 . Any person who pays a fee for the enterprise for which the enterprise fund is created may file a complaint with the district attorney or Attorney General alleging a violation of this section for prosecution pursuant to NRS 354.626 .

8. For the purposes of paragraph (c) of subsection 1, the Committee on Local Government Finance shall adopt regulations setting forth the extent to which general, overhead, administrative and similar expenses of a local government of a type described in paragraph (c) of subsection 1 may be allocated to an enterprise fund. The regulations must require that: (a) Each cost allocation makes an equitable distribution of all general, overhead, administrative and similar expenses of the local government among all activities of the local government, including the activities funded by the enterprise fund; and (b) Only the enterprise fund's equitable share of those expenses may be treated as expenses of the enterprise fund and allocated to it pursuant to paragraph (c) of subsection 1.

9. Except as otherwise provided in subsections 10 and 11, if a local government has subsidized its general fund with money from an enterprise fund for the 5 fiscal years immediately preceding the fiscal year beginning on July 1, 2011, the provisions of subsection 1 do not apply to transfers from the enterprise fund to the general fund of the local government for the purpose of subsidizing the general fund if the local government: (a) Does not increase the amount of the transfers to subsidize the general fund in any fiscal year beginning on or after July 1, 2011, above the amount transferred in the fiscal year ending on June 30, 2011, except for loans and transfers that comply with the provisions of subsection 1; and (b) Does not, on or after July 1, 2011, increase any fees for any enterprise fund used to subsidize the general fund except for increases described in paragraph (b) of subsection 5.

10. On and after July 1, 2021, the provisions of subsection 1 apply to transfers from an enterprise fund described in subsection 9 to the general fund of a local government for the purpose of subsidizing the general fund unless: (a) On or before July 1, 2018, the Committee on Local Government Finance has approved a plan adopted by the governing body of the local government to eliminate transfers from an enterprise fund to subsidize the general fund of the local government that are not made in compliance with subsection 1, which must include, without limitation, a plan to reduce, by at least 3.3 percent each fiscal year during the term of the plan, the amount of the transfers from the enterprise fund to the general fund of the local government for the purpose of subsidizing the general fund; and (b) In accordance with the plan approved by the Committee on Local Government Finance pursuant to paragraph (a), for each fiscal year during the term of the plan, the local government reduces by at least 3.3 percent the amount of the transfers from the enterprise fund to the general fund of the local government for the purpose of subsidizing the general fund.

11. Each plan approved by the Committee on Local Government Finance pursuant to subsection 10 is subject to annual review by the Committee.

12. After the expiration of the term of a plan approved by the Committee on Local Government Finance pursuant to subsection 10, the provisions of subsection 1 apply to the local government that adopted the plan.

13. The provisions of this section do not apply to an enterprise fund created by the governing body of a local government for the purpose of providing telecommunication services pursuant to the provisions of NRS 710.010 to 710.159 , inclusive.
Nev. Rev. Stat. § 353.211 — NV Code / Title 31 / Chapter 353 / Section 353.211
Provision of budgetary information to Fiscal Analysis Division of Legislative Counsel Bureau; information open for public inspection; public hearings on agency’s requested budget
Status: in_force

1. On or before October 15 of each even-numbered year, the Chief shall provide to the Fiscal Analysis Division of the Legislative Counsel Bureau: (a) Computerized budget files containing the actual data regarding revenues and expenditures for the previous year; (b) The work programs for the current year; and (c) Each agency's requested budget for the next 2 fiscal years.

2. On or before December 31 of each even-numbered year, the Chief shall provide to the Fiscal Analysis Division: (a) Each agency's adjusted base budget by program or budgetary account for the next 2 fiscal years; and (b) An estimated range of the costs for: (1) Continuing the operation of State Government; and (2) Providing elementary, secondary and higher public education, at the current level of service.

3. The information provided to the Fiscal Analysis Division pursuant to subsections 1 and 2 is open for public inspection.

4. The Governor may authorize or direct an agency to hold public hearings on a budget submitted pursuant to paragraph (c) of subsection 1 at any time after the material is provided pursuant to subsection 1.

5. As used in this section, “ adjusted base budget ” means the amount appropriated or authorized to support ongoing expenditures budgeted to the agency by the Legislature for the second year of the current biennium, as adjusted for: (a) The removal of any one-time appropriation or authorization that was appropriated or authorized by the Legislature to the agency for the second year of the biennium; (b) Statewide fringe benefits, assessments, rent insurance premiums and cost allocations; (c) Contractual obligations that are approved or expired during the current biennium; (d) Ongoing expenditures approved by the Interim Finance Committee during the current biennium; (e) Any annualization of costs that occurred for part of the second year of the current biennium; (f) Actual caseloads incurred during the first year of the biennium; (g) Rate changes that are projected to affect the budget of the agency during the next biennium; and (h) Any other adjustment that is necessary: (1) Based on the limit upon total proposed expenditures calculated pursuant to NRS 353.213 ; or (2) As otherwise determined by the Chief.
Nev. Rev. Stat. § 353.213 — NV Code / Title 31 / Chapter 353 / Section 353.213
Limitation upon total proposed expenditures
Status: in_force

1. In preparing the proposed budget for the Executive Department of the State Government for each biennium, the Chief shall not exceed the limit upon total proposed expenditures for purposes other than construction and reducing any unfunded accrued liability of the State Retirees' Health and Welfare Benefits Fund created by NRS 287.0436 from the State General Fund calculated pursuant to this section. The base for each biennium is the total expenditure, for the purposes limited, from the State General Fund appropriated and authorized by the Legislature for the biennium beginning on July 1, 1975.

2. The limit for each biennium is calculated as follows: (a) The amount of expenditure constituting the base is multiplied by the percentage of change in population for the current biennium from the population on July 1, 1974, and this product is added to or subtracted from the amount of expenditure constituting the base. (b) The amount calculated pursuant to paragraph (a) is multiplied by the percentage of inflation or deflation, and this product is added to or subtracted from the amount calculated pursuant to paragraph (a). (c) Subject to the limitations of this paragraph: (1) If the amount resulting from the calculations pursuant to paragraphs (a) and (b) represents a net increase over the base biennium, the Chief may increase the proposed expenditure accordingly. (2) If the amount represents a net decrease, the Chief shall decrease the proposed expenditure accordingly. (3) If the amount is the same as in the base biennium, that amount is the limit of permissible proposed expenditure.

3. The proposed budget for each fiscal year of the biennium must provide for a reserve of: (a) Not less than 5 percent or more than 10 percent of the total of all proposed appropriations from the State General Fund for the operation of all departments, institutions and agencies of the State Government and authorized expenditures from the State General Fund for the regulation of gaming for that fiscal year; and (b) Commencing with the proposed budget for the period that begins on July 1, 2011, and ends on June 30, 2013, 1 percent of the total anticipated revenue for each of the 2 fiscal years of the biennium for which the budget is proposed, as projected by the Economic Forum for each of those fiscal years pursuant to paragraph (d) of subsection 1 of NRS 353.228 and as adjusted by any changes or adjustments to state revenue that are recommended in the proposed budget for those fiscal years.

4. The revised estimate of population for the State issued by the United States Department of Commerce as of July 1, 1974, must be used, and the Governor shall certify the percentage of increase or decrease in population for each succeeding biennium. The Consumer Price Index published by the United States Department of Labor for July preceding each biennium must be used in determining the percentage of inflation or deflation.

5. The Chief may exceed the limit to the extent necessary to meet situations in which there is a threat to life or property.

6. As used in this section, “ unfunded accrued liability ” means a liability with an actuarially determined value which exceeds the value of the assets in the fund from which payments are made to discharge the liability.
Nev. Rev. Stat. § 353B.110 — NV Code / Title 31 / Chapter 353B / Section 353B.110
General duties and powers of Board
Status: in_force

The Board:

1. May modify the regulations for the implementation of the Program adopted pursuant to subsection 3 of NRS 353B.090 .

2. May establish agreements to fulfill its obligations under the prepaid tuition contracts.

3. May contract for any necessary good or service, including, without limitation, the power to engage financial consultants, actuaries or legal counsel.

4. May procure insurance against any loss in connection with the property, assets or activities of the Trust Fund, the State Treasurer or the Board.

5. May solicit and accept a gift, including, without limitation, a bequeathment or other testamentary gift, grant, loan or aid from any source.

6. Shall solicit answers to requests for rulings from the Internal Revenue Service regarding the tax status of fees paid to or on behalf of a purchaser or a qualified beneficiary pursuant to a prepaid tuition contract.
Nev. Rev. Stat. § 357.030 — NV Code / Title 31 / Chapter 357 / Section 357.030
“Political subdivision” defined
Status: in_force

“Political subdivision” means a county, city, assessment district or any other local government as defined in NRS 354.474 .
Nev. Rev. Stat. § 353.253 — NV Code / Title 31 / Chapter 353 / Section 353.253
Deposits to work program accounts or other budget accounts; reversions; exceptions
Status: in_force

1. Every agency, department and institution of the State of Nevada shall deposit all money received from the Federal Government, the counties or other sources, in the State Treasury as provided in NRS 353.250 unless otherwise provided by law. These deposits must be made to work program accounts directly or to other budget accounts.

2. Except for the balance in any proprietary fund and appropriated or authorized reserves, any balance remaining at the end of a fiscal year in a budget account of an agency, department or institution of the State of Nevada, whether or not authorized for expenditure under a work program, reverts to the source of funding supporting the agency, department or institution. If that source of funding is federal money or a source of revenue the use of which is restricted by statute, then the balance may be authorized for expenditure under a work program for the subsequent fiscal year in accordance with the provisions of this chapter.

3. No provision of this chapter may be construed to authorize or direct the transfer, expenditure or reversion of any money received from the Federal Government contrary to the conditions upon which that money was received or to any federal law or regulation respecting the accountability therefor.

4. This section does not apply to the Board of Regents of the University of Nevada and the Nevada State Museum.
Nev. Rev. Stat. § 354.598815 — NV Code / Title 31 / Chapter 354 / Section 354.598815
Limitations on fees applicable to public utilities: “Jurisdiction” defined
Status: in_force

“Jurisdiction” means:

1. In the case of a city, the corporate limits of the city.

2. In the case of a county, the unincorporated area of the county.
Nev. Rev. Stat. § 353.228 — NV Code / Title 31 / Chapter 353 / Section 353.228
Economic Forum: Powers and duties; availability of projections, estimates and other information
Status: in_force

1. The Economic Forum impaneled pursuant to NRS 353.226 shall: (a) Make such projections for economic indicators as it deems necessary to ensure that an accurate estimate is produced pursuant to paragraph (b); (b) Provide an accurate estimate of the revenue that will be collected by the State for general, unrestricted uses, and not for special purposes, during the biennium that begins on July 1 of the year following the date on which the Economic Forum was empaneled; (c) Request such technical assistance as the Economic Forum deems necessary from the Technical Advisory Committee created by NRS 353.229 ; (d) On or before December 3 of each even-numbered year, prepare a written report of its projections of economic indicators and estimate of future state revenue required by paragraphs (a) and (b) and present the report to the Governor and the Legislature; (e) On or before May 1 of each odd-numbered year, prepare a written report confirming or revising the projections of economic indicators and estimate of future state revenue contained in the report prepared pursuant to paragraph (d) and present the report to the Governor and the Legislature; and (f) Except as otherwise provided in subsection 2, on or before June 10 of each even-numbered year and December 10 of each odd-numbered year, hold a meeting to consider current economic indicators, including, without limitation, employment, unemployment, personal income and any other indicators deemed appropriate by the Economic Forum. Based on current economic indicators, the Economic Forum shall update the status of actual State General Fund revenue compared to the most recent forecast of the Economic Forum. The provisions of this paragraph are not intended to authorize the Economic Forum to make additional forecasts pursuant to paragraph (b). At the next appropriate meeting of the Interim Finance Committee, the Chair of the Economic Forum or a member of the staff of the Economic Forum shall present to the Interim Finance Committee such matters considered at the meeting of the Economic Forum held pursuant to this paragraph, as the Economic Forum determines appropriate. Any such information presented to the Interim Finance Committee must be made available on the Internet website of the Legislature.

2. If the deadline for preparing a report or holding a meeting as required in subsection 1 falls on a Saturday, Sunday or legal holiday, the deadline is extended to the second business day following the deadline.

3. The Economic Forum may make preliminary projections of economic indicators and estimates of future state revenue at any time. Any such projections and estimates must be made available to the various agencies of the State through the Chief.

4. The Economic Forum may request information directly from any state agency, including, without limitation, the Nevada System of Higher Education. A state agency, including, without limitation, the Nevada System of Higher Education, that receives a reasonable request for information from the Economic Forum shall comply with the request as soon as is reasonably practicable after receiving the request.

5. The Economic Forum may request direct testimony from any state agency, including, without limitation, the Nevada System of Higher Education, at a meeting of the Economic Forum or the Technical Advisory Committee. The head, or a designee thereof, of a state agency, including, without limitation, the Nevada System of Higher Education, who receives a reasonable request for direct testimony at a meeting of the Economic Forum or the Technical Advisory Committee shall appear at the meeting and shall comply with the request.

6. To carry out its duties pursuant to this section, the Economic Forum may consider any information received from the Technical Advisory Committee and any other information received from independent sources.

7. Copies of the projections and estimates made pursuant to this section must be made available to the public by the Director of the Legislative Counsel Bureau for the cost of reproducing the material.
Nev. Rev. Stat. § 353.630 — NV Code / Title 31 / Chapter 353 / Section 353.630
Property subject to agreement deemed property of State or state agency for purposes of statutory limits on damages that may be awarded against State in certain circumstances
Status: in_force

While an agreement entered into pursuant to NRS 353.500 to 353.630 , inclusive, is in effect, the property that is the subject of the agreement shall be deemed to be the property of this State or the state agency for the purposes of statutory limits on damages that may be awarded against this State, including, without limitation, the limits in chapter 41 of NRS, with respect to any action or claim, including a claim for civil damages, that arises from or is related to the property and is brought by a person who is not a party to the agreement if:

1. An improvement is being constructed on the property pursuant to the agreement; or

2. This State or a state agency is in possession of the property.
Nev. Rev. Stat. § 353C.210 — NV Code / Title 31 / Chapter 353C / Section 353C.210
Notice of debt and demand to transmit to persons possessing or controlling credits or other personal property of, or owing debts to, debtor; limitations on and liability for transfer or disposition of property; hearing required; regulations governing hearings
Status: in_force

1. Notwithstanding any specific statute to the contrary, the State Controller may, in addition to any other remedy provided for in this chapter, give notice of the amount of a debt owed to this State and a demand to transmit to any person, including, without limitation, any officer, agency or political subdivision of this state, who has in his or her possession or under his or her control any credits or other personal property belonging to the debtor or who owes any debts to the debtor that remain unpaid. The notice and demand to transmit must be delivered personally or by certified or registered mail: (a) Not later than 4 years after the debt became due; or (b) Not later than 4 years after the last recording of an abstract of judgment pursuant to NRS 353C.170 or a certificate of liability pursuant to NRS 353C.180 .

2. If such notice is given to an officer or agency of this state, the notice must be delivered before the State Controller may file a claim pursuant to NRS 353C.190 on behalf of the debtor.

3. An agency that receives a notice and demand to transmit pursuant to this section may satisfy any debt owed to it by the debtor before it honors the notice and demand to transmit. If the agency is holding a bond or other property of the debtor as security for debts owed or that may become due and owing by the debtor, the agency is not required to transmit the amount of the bond or other property unless the agency determines that holding the bond or other property of the debtor as security is no longer required.

4. Except as otherwise provided by specific statute, a person who receives a demand to transmit pursuant to this section shall not thereafter transfer or otherwise dispose of the credits or other personal property of, or debts owed to, the person who is the subject of the demand to transmit without the consent of the State Controller.

5. Except as otherwise provided by specific statute, a person who receives a demand to transmit pursuant to this section shall, within 10 days thereafter, inform the State Controller of, and transmit to the State Controller within the time and in the manner requested by the State Controller, all credits or other personal property in his or her possession or control that belong to, and all debts that he or she owes to, the person who is the subject of the demand to transmit. Except as otherwise provided in subsection 6, no further notice is required to be served on such persons.

6. Except as otherwise provided by specific statute, if the property of the debtor consists of a series of payments owed to the debtor, the person who owes or controls the payments shall transmit the payments to the State Controller until otherwise notified by the State Controller. If the debt of the debtor is not paid within 1 year after the date on which the State Controller issued the original demand to transmit, the State Controller shall: (a) Issue another demand to transmit to the person responsible for making the payments that informs the person to continue transmitting payments to the State Controller; or (b) Notify the person that his or her duty to transmit the payments to the State Controller has ceased.

7. If the notice and demand to transmit is intended to prevent the transfer or other disposition of a deposit in a bank or other depository institution, or of any other credit or personal property in the possession or under the control of the bank or depository institution, the notice must be delivered or mailed to any branch or office of the bank or depository institution at which the deposit is carried or the credit or personal property is held.

8. If any person to whom the State Controller delivers a notice and demand to transmit transfers or otherwise disposes of any property or debts required by this chapter to be transmitted to the State Controller, the person is, to the extent of the value of the property or the amount of the debts so transferred or disposed of, liable to the State Controller for any portion of the debt that the State Controller is unable to collect from the debtor solely by reason of the transfer or other disposition of the property or debt.

9. A debtor who owes a debt to an agency for which the State Controller delivers a notice and demand to transmit concerning the debtor pursuant to this section is entitled to an administrative hearing before that agency to challenge the collection of the debt pursuant to the demand to transmit. Each agency may adopt such regulations as are necessary to provide an administrative hearing for the purposes of this subsection.
Nev. Rev. Stat. § 354.59821 — NV Code / Title 31 / Chapter 354 / Section 354.59821
Limitation upon revenue from taxes ad valorem: Forms for submission of ballot question and examples of previous questions to be provided by Committee on Local Government Finance
Status: in_force

1. The Committee on Local Government Finance shall annually provide to each city clerk, county clerk and district attorney: (a) Forms for submitting a ballot question to the registered voters of a local government for the imposition of an additional property tax pursuant to NRS 354.5982 ; and (b) Examples of past ballot questions for the imposition of an additional property tax.

2. The city clerk, county clerk or district attorney may make these forms and examples available to the general public.
Nev. Rev. Stat. § 354.740 — NV Code / Title 31 / Chapter 354 / Section 354.740
Use of leases and lease-purchase and installment-purchase agreements: Legislative findings and declaration
Status: in_force

The Legislature hereby finds and declares that:

1. The authority provided by other specific statutes for the government of this State and the political subdivisions of this State to use leases and lease-purchase and installment-purchase agreements provides an important and valuable option for these governmental entities and, when this authority is used properly, provides great benefit to the residents of this State.

2. The statutory provisions governing the use of leases and lease-purchase and installment-purchase agreements should be interpreted to allow the process of entering into and carrying out these agreements to be as streamlined and efficient as possible.

3. The government of this State and the political subdivisions of this State should not use leases and lease-purchase and installment-purchase agreements to: (a) Engage in or allow bid-shopping; or (b) Avoid or circumvent any requirement regarding the payment of prevailing wages for public works.

4. When using leases and lease-purchase and installment-purchase agreements, the government of this State and the political subdivisions of this State should provide for the preferential hiring of Nevada residents to the extent otherwise required by law.
Nev. Rev. Stat. § 353B.130 — NV Code / Title 31 / Chapter 353B / Section 353B.130
Limitation on effect of action by Board
Status: in_force

An act or undertaking of the Board does not constitute a debt of the State of Nevada, or any political subdivision thereof, or a pledge of the full faith and credit of the State of Nevada, or of any political subdivision thereof, and is payable solely from the Trust Fund.
Nev. Rev. Stat. § 353.200 — NV Code / Title 31 / Chapter 353 / Section 353.200
Investigation of organization, costs of operation and duplication of work of state executive departments and agencies
Status: in_force

The Chief shall have authority:

1. To investigate duplication of work of departments, institutions and agencies in the Executive Department of the State Government.

2. To investigate and study the organization and administration of departments, institutions and agencies in the Executive Department of the State Government.

3. To formulate plans for better and more effective management.

4. To prepare and report to the Governor or the Legislature, when requested, any information, financial data or statistics which the Governor or Legislature may require, such as monthly or quarterly estimates of the State's income and cost figures and information on the current operation of the Executive Department of the State Government.
Nev. Rev. Stat. § 353C.179 — NV Code / Title 31 / Chapter 353C / Section 353C.179
Withholding of income: Immunity of employer and State Controller
Status: in_force

1. An employer who complies with a notice to withhold income pursuant to NRS 353C.171 that is regular on its face may not be held liable in any civil action for any conduct taken in compliance with the notice.

2. Compliance by an employer with a notice to withhold income pursuant to NRS 353C.171 is a discharge of the employer's liability to the person as to that portion of the income affected.

3. If a court issues an order to stay a withholding of income, the State Controller may not be held liable in any civil action to the person who is the subject of the withholding of income for any money withheld before the stay becomes effective.
Nev. Rev. Stat. § 353.205 — NV Code / Title 31 / Chapter 353 / Section 353.205
Parts of proposed state budget; confidentiality; posting on websites
Status: in_force

1. The proposed budget for the Executive Department of the State Government for each fiscal year must be set up in four parts: (a) Part 1 must consist of a budgetary message by the Governor which includes: (1) A general summary of the long-term performance goals of the Executive Department of the State Government for: (I) Core governmental functions, including the education of pupils in kindergarten through grade 12, higher education, human services and public safety and health; and (II) Other governmental services; (2) An explanation of the means by which the proposed budget will provide adequate funding for those governmental functions and services such that ratable progress will be made toward achieving those long-term performance goals; (3) An outline of any other important features of the financial plan of the Executive Department of the State Government for the next 2 fiscal years; and (4) A general summary of the proposed budget setting forth the aggregate figures of the proposed budget in such a manner as to show the balanced relations between the total proposed expenditures and the total anticipated revenues, together with the other means of financing the proposed budget for the next 2 fiscal years, contrasted with the corresponding figures for the last completed fiscal year and fiscal year in progress. The general summary of the proposed budget must be supported by explanatory schedules or statements, classifying the expenditures contained therein by organizational units, objects and funds, and the income by organizational units, sources and funds. The organizational units may be subclassified by functions and by agencies, bureaus or commissions, or in any other manner determined by the Chief. (b) Part 2 must embrace the detailed budgetary estimates both of expenditures and revenues as provided in NRS 353.150 to 353.246 , inclusive. The information must be presented in a manner which sets forth separately the cost of continuing each program at the same level of service as the current year and the cost, by budgetary issue, of any recommendations to enhance or reduce that level of service. Revenues must be summarized by type, and expenditures must be summarized by program or budgetary account and by category of expense. Part 2 must include: (1) The identification of each long-term performance goal of the Executive Department of the State Government for: (I) Core governmental functions, including the education of pupils in kindergarten through grade 12, higher education, human services, and public safety and health; and (II) Other governmental services, and of each intermediate objective for the next 2 fiscal years toward achieving those goals. (2) An explanation of the means by which the proposed budget will provide adequate funding for those governmental functions and services such that those intermediate objectives will be met and progress will be made toward achieving those long-term performance goals. (3) A mission statement and measurement indicators for each department, institution and other agency of the Executive Department of the State Government, which articulate the intermediate objectives and long-term performance goals each such department, institution and other agency is tasked with achieving and the particular measurement indicators tracked for each such department, institution and other agency to determine whether the department, institution or other agency is successful in achieving its intermediate objectives and long-term performance goals, provided in sufficient detail to assist the Legislature in performing an analysis of the relative costs and benefits of program budgets and in determining priorities for expenditures. If available, information regarding such measurement indicators must be provided for each of the previous 4 fiscal years. If a new measurement indicator is being added, a rationale for that addition must be provided. If a measurement indicator is being modified, information must be provided regarding both the modified indicator and the indicator as it existed before modification. If a measurement indicator is being deleted, a rationale for that deletion and information regarding the deleted indicator must be provided. (4) Statements of the bonded indebtedness of the State Government, showing the requirements for redemption of debt, the debt authorized and unissued, and the condition of the sinking funds. (5) Any statements relative to the financial plan which the Governor may deem desirable, or which may be required by the Legislature. (c) Part 3 must set forth, for the Office of Economic Development and the Office of Energy, the results of the analyses conducted by those offices and reported to the Chief pursuant to NRS 353.207 for the immediately preceding 2 fiscal years. (d) Part 4 must include a recommendation to the Legislature for the drafting of a general appropriation bill authorizing, by departments, institutions and agencies, and by funds, all expenditures of the Executive Department of the State Government for the next 2 fiscal years, and may include recommendations to the Legislature for the drafting of such other bills as may be required to provide the income necessary to finance the proposed budget and to give legal sanction to the financial plan if adopted by the Legislature.

2. Except as otherwise provided in NRS 353.211 , as soon as each part of the proposed budget is prepared, a copy of the part must be transmitted to the Fiscal Analysis Division of the Legislative Counsel Bureau for confidential examination and retention.

3. Except for the information provided to the Fiscal Analysis Division of the Legislative Counsel Bureau pursuant to NRS 353.211 , parts 1 and 2 of the proposed budget are confidential until the Governor transmits the proposed budget to the Legislature pursuant to NRS 353.230 , regardless of whether those parts are in the possession of the Executive or Legislative Department of the State Government. Part 4 of the proposed budget is confidential until the bills which result from the proposed budget are introduced in the Legislature. As soon as practicable after the Governor transmits the proposed budget to the Legislature pursuant to NRS 353.230 , the information required to be included in the proposed budget pursuant to subparagraphs (1), (2) and (3) of paragraph (b) of subsection 1 must be posted on the Internet websites maintained by the Budget Division of the Office of Finance.
Nev. Rev. Stat. § 353C.222 — NV Code / Title 31 / Chapter 353C / Section 353C.222
Selling certain debt in lieu of requesting designation of debt as bad debt; deposit of money received from sale of debt
Status: in_force

1. If the period of limitation for the collection of a debt set forth in NRS 353C.140 has expired, the State Controller may, in lieu of requesting the State Board of Examiners to designate the debt as a bad debt pursuant to NRS 353C.220 , sell the debt to any person.

2. All money received by the State Controller from the sale of a debt pursuant to subsection 1 must be deposited in the Debt Recovery Account created by NRS 353C.226 .
Nev. Rev. Stat. § 353B.004 — NV Code / Title 31 / Chapter 353B / Section 353B.004
“System” defined
Status: in_force

“ System ” means the Nevada System of Higher Education.
Nev. Rev. Stat. § 354.695 — NV Code / Title 31 / Chapter 354 / Section 354.695
Severe financial emergency: Powers and duties of Department of Taxation; reimbursement for expenses; allocation from Contingency Account; recommendations by local government; cooperation of state agencies; delegation of powers and duties to financial manager; method for termination of management
Status: reserved

1. As soon as practicable after taking over the management of a local government, the Department shall, with the approval of the Committee: (a) Establish and implement a management policy and a financing plan for the local government; (b) Provide for the appointment of a financial manager for the local government who is qualified to manage the fiscal affairs of the local government; (c) Provide for the appointment of any other persons necessary to enable the local government to provide the basic services for which it was created in the most economical and efficient manner possible; (d) Establish an accounting system and separate accounts in a bank or credit union, if necessary, to receive and expend all money and assets of the local government; (e) Impose such hiring restrictions as deemed necessary; (f) Negotiate and approve all contracts entered into by or on behalf of the local government before execution and enter into such contracts on behalf of the local government as the Department deems necessary; (g) Negotiate and approve all collective bargaining contracts and other employment contracts to be entered into by the local government with an employee organization or any employee, except that the Department shall not negotiate or approve issues submitted to a fact finder whose findings and recommendations are final and binding pursuant to the provisions of the Government Employee-Management Relations Act; (h) If the Committee made a recommendation to the Commission that a severe financial emergency exists in the local government based upon the existence of one or more conditions described in paragraph (c), (d), (g), (h), (n), (o), (p), (r) or (aa) of subsection 2 of NRS 354.685 : (1) Open and renegotiate in good faith, or assist the local government in renegotiating, any existing collective bargaining agreement or other employment contract relating to compensation or monetary benefits during the period of severe financial emergency; and (2) Assume all rights, duties and powers pursuant to NRS 288.150 that are otherwise reserved to the local government during a period of severe financial emergency; (i) Approve all expenditures of money from any fund or account and all transfers of money from one fund to another; (j) Employ such technicians as are necessary for the improvement of the financial condition of the local government; (k) Meet with any holders and the creditors of the local government to negotiate in good faith and formulate a debt liquidation program that may include, without limitation, the adjustment of bonded indebtedness by the exchange of existing bonds for new bonds with a later maturity date and a different interest rate; (l) If the Department has taken over the management of a local government because the local government is involved in litigation or threatened litigation, carry out the duties of the Department pursuant to subsection 2 of NRS 31.010 ; (m) Approve the issuance of bonds or other forms of indebtedness by the local government; (n) Discharge any of the outstanding debts and obligations of the local government; and (o) Take any other actions necessary to ensure that the local government provides the basic functions for which it was created in the most economical and efficient manner possible.

2. The Department may provide for reimbursement from the local government for the expenses the Department incurs in managing the local government. If such reimbursement is not possible, the Department may request an allocation by the Interim Finance Committee from the Contingency Account pursuant to NRS 353.266 , 353.268 and 353.269 .

3. The governing body of a local government which is being managed by the Department pursuant to this section may make recommendations to the Department or the financial manager concerning the management of the local government.

4. Each state agency, board, department, commission, committee or other entity of the State shall provide such technical financial assistance concerning the management of the local government as is requested by the Department.

5. The Department may delegate any of the powers and duties imposed by this section to the financial manager appointed pursuant to paragraph (b) of subsection 1. A financial manager acting within the scope of his or her delegation pursuant to this subsection is responsible only to the Department for his or her actions.

6. Except as otherwise provided in NRS 354.723 and 450.760 , once the Department has taken over the management of a local government pursuant to the provisions of subsection 1, that management may only be terminated pursuant to NRS 354.725 .
Nev. Rev. Stat. § 353.325 — NV Code / Title 31 / Chapter 353 / Section 353.325
Submission and dissemination of audit report of state agency; prohibited provision in contract with auditor
Status: in_force

1. Each state agency, within 10 days after receiving an audit report pertaining to that agency, including a management letter and the agency's reply, shall submit one copy of the audit report to: (a) The Chief of the Budget Division of the Office of Finance; (b) The State Controller; and (c) The Legislative Auditor.

2. The audit report, including, without limitation, the opinion and findings of the auditor contained in the audit report, may be disseminated by or on behalf of the state agency for which the report was prepared by inclusion, without limitation, in or on: (a) An official statement or other document prepared in connection with the offering of bonds or other securities; (b) A filing made pursuant to the laws or regulations of this State; (c) A filing made pursuant to a rule or regulation of the Securities and Exchange Commission of the United States; or (d) A website maintained by a state agency on the Internet or its successor, without the consent of the auditor who prepared the audit report. A provision of a contract entered into between an auditor and a state agency that is contrary to the provisions of this subsection is against the public policy of this State and is void and unenforceable.
Nev. Rev. Stat. § 353B.007 — NV Code / Title 31 / Chapter 353B / Section 353B.007
Insurance coverage to protect prepaid tuition contracts and savings trust accounts
Status: in_force

The Board may endorse insurance coverage written exclusively to protect prepaid tuition contracts, and purchasers and beneficiaries of prepaid tuition contracts pursuant to NRS 353B.010 to 353B.190 , inclusive, and the regulations adopted pursuant thereto, and savings trust accounts and account owners, and beneficiaries of savings trust accounts pursuant to NRS 353B.300 to 353B.370 , inclusive, and the regulations adopted pursuant thereto, which may be issued in the form of a group life policy. The provisions of title 57 of NRS are not applicable to the Board in carrying out the provisions of this section.
Nev. Rev. Stat. § 353.210 — NV Code / Title 31 / Chapter 353 / Section 353.210
Submission of certain information concerning positions, certain contracts, expenditure requirements and anticipated income; provision of information to Fiscal Analysis Division of Legislative Counsel Bureau; proposed budgets for certain agencies; information concerning service contracts is public record
Status: in_force

1. Except as otherwise provided in subsections 6 and 7, on or before September 1 of each even-numbered year, all departments, institutions and other agencies of the Executive Department of the State Government, and all agencies of the Executive Department of the State Government receiving state money, fees or other money under the authority of the State, including those operating on money designated for specific purposes by the Nevada Constitution or otherwise, shall prepare, on blanks furnished them by the Chief, and submit to the Chief: (a) The number of full-time equivalent positions within the department, institution or agency. (b) The number of full-time equivalent positions within the department, institution or agency that have been vacant for at least 12 months, the number of months each such position has been vacant and the reasons for each such vacancy. (c) Any existing contracts for services the department, institution or agency has with temporary employment services or other persons, the proposed expenditures for such contracts in the next 2 fiscal years and the reasons for the use of such services. If such contracts include any privatization contracts, a copy of each of those privatization contracts together with: (1) A statement specifying the duration of the privatization contracts; (2) The number of privatization contracts proposed for the next 2 fiscal years and the estimated expenditures for the privatization contracts; and (3) An analysis of each of the privatization contracts, which includes, without limitation: (I) For the preceding, current and next fiscal years, the annual amount required to perform each of the privatization contracts; and (II) For the preceding and current fiscal years, the number of persons the department, institution or agency employed pursuant to the privatization contracts, reflected as the equivalent full-time position if the persons were regularly employed by the department, institution or agency, including the equivalent hourly wage and the cost of benefits for each job classification. (d) If the department, institution or agency has any existing performance contracts that it has entered into pursuant to chapter 333A of NRS , any request to reinvest any savings realized under such a contract for the next 2 fiscal years. (e) Estimates of expenditure requirements of the department, institution or agency, together with all anticipated income from fees and all other sources, for the next 2 fiscal years compared with the corresponding figures of the last completed fiscal year and the estimated figures for the current fiscal year.

2. The Chief shall direct that one copy of the forms submitted pursuant to subsection 1, accompanied by every supporting schedule and any other related material, be delivered directly to the Fiscal Analysis Division of the Legislative Counsel Bureau on or before September 1 of each even-numbered year.

3. The Budget Division of the Office of Finance shall give advance notice to the Fiscal Analysis Division of the Legislative Counsel Bureau of any conference between the Budget Division of the Office of Finance and personnel of other state agencies regarding budget estimates. A Fiscal Analyst of the Legislative Counsel Bureau or his or her designated representative may attend any such conference.

4. The estimates of expenditure requirements submitted pursuant to subsection 1 must be classified to set forth the data of funds, organizational units, and the character and objects of expenditures by program or budgetary account and by category of expense, and must include a mission statement and measurement indicators in adequate detail to comply with the requirements of subparagraph (3) of paragraph (b) of subsection 1 of NRS 353.205 . The organizational units may be subclassified by functions and by agencies, bureaus or commissions, or in any other manner at the discretion of the Chief.

5. If any department, institution or other agency of the Executive Department of the State Government, whether its money is derived from state money or from other money collected under the authority of the State, fails or neglects to submit estimates of its expenditure requirements as provided in this section, the Chief may, from any data at hand in the Chief's office or which the Chief may examine or obtain elsewhere, make and enter a proposed budget for the department, institution or agency in accordance with the data.

6. Agencies, bureaus, commissions and officers of the Legislative Department, the Public Employees' Retirement System and the Judicial Department of the State Government shall submit to the Chief for his or her information in preparing the proposed executive budget the budgets which they propose to submit to the Legislature.

7. On or before September 1 of each even-numbered year, the Tahoe Regional Planning Agency shall submit the budget which the Agency proposes to submit to the Legislature to: (a) The Chief for his or her information in preparing the proposed executive budget. (b) The Fiscal Analysis Division of the Legislative Counsel Bureau.

8. The information provided by a department, institution or agency pursuant to paragraph (c) of subsection 1 is a public record and must be open to public inspection.

9. As used in this section, “ privatization contract ” means a contract executed by or on behalf of a department, institution or agency which authorizes a private entity to provide public services which are: (a) Substantially similar to the services performed by the public employees of the department, institution or agency; and (b) In lieu of the services otherwise authorized or required to be provided by the department, institution or agency.
Nev. Rev. Stat. § 354.5982 — NV Code / Title 31 / Chapter 354 / Section 354.5982
Limitation upon revenue from taxes ad valorem: Authority to exceed pursuant to vote of people; addition of imposed costs
Status: in_force

1. The local government may exceed the limit imposed by NRS 354.59811 upon the calculated receipts from taxes ad valorem only if its governing body proposes to its registered voters an additional property tax, and the proposal is approved by a majority of the voters voting on the question at a general election, a general city election or a special election called for that purpose. The question submitted to the voters must contain the rate of the proposed additional property tax stated in dollars and cents per $100 assessed valuation, the purpose of the proposed additional property tax, the duration of the proposed additional property tax and an estimate established by the governing body of the increase in the amount of property taxes that an owner of a new home with a fair market value of $100,000 will pay per year as a result of the passage of the question. The duration of the levy must not exceed 30 years. The governing body may discontinue the levy before it expires and may not thereafter reimpose it in whole or in part without following the procedure required for its original imposition.

2. A special election may be held: (a) At any time, including, without limitation, on the date of a primary city election or a primary state election, if the governing body of the local government determines, by a unanimous vote, that an emergency exists; or (b) On the second Tuesday after the first Monday in June of an odd-numbered year, whether or not the local government also holds a general city election on that date.

3. The determination made by the governing body pursuant to subsection 2 that an emergency exists is conclusive unless it is shown that the governing body acted with fraud or a gross abuse of discretion. An action to challenge the determination made by the governing body must be commenced within 15 days after the governing body's determination is final. As used in this subsection, “ emergency ” means any unexpected occurrence or combination of occurrences which requires immediate action by the governing body of the local government to prevent or mitigate a substantial financial loss to the local government or to enable the governing body to provide an essential service to the residents of the local government.

4. To the allowed revenue from taxes ad valorem determined pursuant to NRS 354.59811 for a local government, the Executive Director of the Department of Taxation shall add any amount approved by the Legislature for the cost to that local government of any substantial program or expense required by legislative enactment.
Nev. Rev. Stat. § 353.080 — NV Code / Title 31 / Chapter 353 / Section 353.080
Failure of Legislative Auditor to perform duties: Penalties
Status: in_force

If the Legislative Auditor willfully shall fail to perform the duties imposed under the provisions of NRS 353.065 , 353.070 and 353.075 , or willfully shall neglect or refuse to perform any duty enjoined thereunder, the Legislative Auditor shall be deemed guilty of a misdemeanor and shall be further punished as provided in NRS 197.230 .
Nev. Rev. Stat. § 354.671 — NV Code / Title 31 / Chapter 354 / Section 354.671
Delinquent payments to Public Employees' Benefits Program: Notification; explanation to Committee on Local Government Finance; withholding of payments
Status: in_force

1. Upon receipt of notification by the Board of the Public Employees' Benefits Program pursuant to NRS 287.0434 that a local government is delinquent by more than 90 days on an amount due to the Public Employees' Benefits Program pursuant to paragraph (b) of subsection 4 of NRS 287.023 , the Executive Director shall notify the governing body that the presence of a representative of the governing body is required at the next practicable scheduled meeting of the Committee to explain the reason that the payment has not been made. The notice must be transmitted to the governing body at least 5 days before the date on which the meeting will be held.

2. If an explanation satisfactory to the Committee is not provided at the meeting as requested in the notice and an arrangement is not made for the submission of the payment, the Committee may instruct the Executive Director to request that the State Treasurer withhold from the local government an amount equal to the amount of the delinquent payment from the next distribution from the Local Government Tax Distribution Account, if the local government is otherwise entitled to receive such a distribution, the local school support tax if the local government is a school district or any other property taxes, taxes on the net proceeds of minerals or grants to which the local government may otherwise be entitled as a distribution from the State. Upon receipt of such a request, the State Treasurer shall withhold that amount from the payment or any future payment as necessary until the State Treasurer is notified by the Executive Director that the delinquent payment has been received by the Department, except that the State Treasurer shall not withhold any payment necessary for the local government to make a timely payment that is due and owing to a holder. The Department shall transmit the delinquent payment to the Public Employees' Benefits Program upon receipt.
Nev. Rev. Stat. § 354.543 — NV Code / Title 31 / Chapter 354 / Section 354.543
“Internal service fund” defined
Status: in_force

“Internal service fund” means a fund used to account for the financing of goods or services furnished by a designated department or agency to governmental units within its own organization or to other departments or agencies on the basis of reimbursement for costs.
Nev. Rev. Stat. § 353.255 — NV Code / Title 31 / Chapter 353 / Section 353.255
Appropriations to be applied specifically; penalty
Status: in_force

1. The sums appropriated for the various branches of expenditure in the public service of the State shall be applied solely to the objects for which they are respectively made, and for no others.

2. Any person violating the provisions of subsection 1 shall be punished by a fine of not more than $500.
Nev. Rev. Stat. § 353.590 — NV Code / Title 31 / Chapter 353 / Section 353.590
Exemption of agreement involving construction, alteration, repair or remodeling of improvement from laws requiring competitive bidding and certain provisions relating to public works; exceptions
Status: in_force

If an agreement pursuant to NRS 353.500 to 353.630 , inclusive, involves the construction, alteration, repair or remodeling of an improvement:

1. Except as otherwise provided in this section, the construction, alteration, repair or remodeling of the improvement may be conducted as specified in the agreement without complying with the provisions of: (a) Any law requiring competitive bidding; or (b) Chapter 341 of NRS .

2. The person or entity that enters into the agreement for the actual construction, alteration, repair or remodeling of the improvement shall include in the agreement the contractual provisions and stipulations that are required to be included in a contract for a public work pursuant to the provisions of NRS 338.013 to 338.090 , inclusive.

3. The State or a state agency, the contractor who is awarded the contract or entered into the agreement to perform the construction, alteration, repair or remodeling of the improvement and any subcontractor on the project shall comply with the provisions of NRS 338.013 to 338.090 , inclusive, in the same manner as if the State or a state agency had undertaken the project or had awarded the contract.

4. The provisions of: (a) Paragraph (b) of subsection 9 of NRS 341.100 ; and (b) NRS 341.105 ,

apply to the construction, alteration, repair or remodeling of the improvement.
Nev. Rev. Stat. § 353.357 — NV Code / Title 31 / Chapter 353 / Section 353.357
Temporary advance from State General Fund for certain authorized expenses of the Nevada Office of the Western Interstate Commission for Higher Education
Status: in_force

1. If the three Nevada State Commissioners on the Western Interstate Commission for Higher Education, acting jointly, determine that current claims against the Nevada Office of the Western Interstate Commission for Higher Education's Loan and Stipend Fund created pursuant to NRS 397.063 exceed the amount of money available in the Fund to pay the claims because of a delay in the receipt of revenue due the Fund, the three Nevada State Commissioners may request from the Director of the Office of Finance a temporary advance from the State General Fund to the Nevada Office of the Western Interstate Commission for Higher Education's Loan and Stipend Fund for the payment of authorized expenses.

2. If the Director of the Office of Finance approves a request made pursuant to subsection 1, the Director shall notify the State Controller and the Fiscal Analysis Division of the Legislative Counsel Bureau of that approval. The State Controller shall draw his or her warrant upon receipt of the approval by the Director of the Office of Finance.

3. An advance from the State General Fund is limited to 50 percent of the revenue expected to be received by the Nevada Office of the Western Interstate Commission for Higher Education's Loan and Stipend Fund in the current fiscal year from any source other than legislative appropriation.

4. Any money that is temporarily advanced from the State General Fund pursuant to subsection 2 must be repaid by August 31 following the end of the fiscal year in which the temporary advance is made.
Nev. Rev. Stat. § 354.598155 — NV Code / Title 31 / Chapter 354 / Section 354.598155
Special ad valorem capital projects fund
Status: in_force

1. Each local government that receives a portion of the revenue from the tax levied pursuant to the provisions of NRS 354.59815 shall establish a special ad valorem capital projects fund and shall deposit all revenue received pursuant to the provisions of NRS 354.59815 in that fund. All interest and income earned on the money in the fund must also be deposited in the fund.

2. The money in the fund may only be used for: (a) The purchase of capital assets including land, improvements to land and major items of equipment; (b) The renovation of existing governmental facilities not including normal recurring maintenance; and (c) The repayment of a medium-term obligation issued to fund a project described in paragraph (a) or (b).

3. Money may be retained in the fund for not more than 10 years to allow the funding of projects without the issuance of bonds or other obligations. For the purpose of determining the length of time a deposit of money has been retained in the fund, all money withdrawn from the fund shall be deemed to be taken on a first-in, first-out basis.

4. The annual budget and audit report of each local government must specifically identify this fund and must indicate in detail the projects that have been funded with money from the fund. Any planned accumulation of the money in the fund must also be specifically identified.
Nev. Rev. Stat. § 353.510 — NV Code / Title 31 / Chapter 353 / Section 353.510
“Agreement” defined
Status: in_force

“Agreement” means an agreement to purchase property, in the form of a lease or an agreement to pay in installments, pursuant to which the State of Nevada or a state agency may pay the purchase price of real or personal property over a period of time which extends beyond the biennium in which the agreement is executed, including, without limitation:

1. An agreement pursuant to which the State of Nevada or a state agency may acquire the property that is the subject of the agreement at the end of the term of the agreement or the end of the term of a renewal of the agreement upon payment of no additional consideration or nominal additional consideration; and

2. An agreement that, for the purposes of federal income tax, is treated as an agreement for conditional sale.
Nev. Rev. Stat. § 357.050 — NV Code / Title 31 / Chapter 357 / Section 357.050
Limitation of damages and waiver of penalty for cooperation of defendant
Status: in_force

In a civil action pursuant to this chapter, the court may give judgment for not less than twice or more than three times the amount of damages sustained, and no civil penalty, if it finds that:

1. The person against whom the judgment is entered: (a) Furnished all information known to the person concerning the act, within 30 days after becoming aware of the information, to the Attorney General or a designee of the Attorney General pursuant to NRS 357.070 ; and (b) Fully cooperated with any investigation of the act by the State or political subdivision; and

2. At the time the information was furnished, no criminal prosecution or civil or administrative proceeding had commenced with respect to the act and the person had no knowledge of the existence of any investigation with respect to the act.
Nev. Rev. Stat. § 353.147 — NV Code / Title 31 / Chapter 353 / Section 353.147
Placement of automated tellers at locations where state agency receives payments
Status: in_force

1. Upon approval of the State Board of Finance, a state agency may enter into contracts with financial institutions or other business organizations for the placement of automated tellers at locations where the agency receives payment of money.

2. Before a state agency may enter into a contract pursuant to subsection 1, the agency must submit the proposed contract to the State Treasurer for his or her review and transmittal to the State Board of Finance.

3. As used in this section, “automated teller” means an electronic device that dispenses cash in connection with an account maintained in a financial institution or with another business.
Nev. Rev. Stat. § 355.345 — NV Code / Title 31 / Chapter 355 / Section 355.345
Additional duties of State Treasurer relating to investments in scrutinized companies; actions to be consistent with fiduciary responsibility
Status: in_force

1. Except as otherwise provided in subsection 2, the State Treasurer: (a) Shall sell, redeem, divest or withdraw all direct holdings of a scrutinized company from the assets under his or her management within 3 months after preparing a list of scrutinized companies pursuant to NRS 355.335 which includes that scrutinized company. (b) Shall, on or before June 30 of each year, post on the Internet website of the State Treasurer a list that includes each investment that was sold, redeemed, divested or withdrawn pursuant to subsection 1. (c) Shall not acquire securities of a scrutinized company as part of the direct holdings of the Office of the State Treasurer. (d) Shall request that the manager of the indirect holdings of any public fund consider selling, redeeming, divesting or withdrawing holdings of a scrutinized company from the assets under his or her management.

2. Nothing in this section shall require the State Treasurer to take action as described in this section unless the State Treasurer determines and adopts findings, in good faith and based on credible information available to the public, that the action described in this section is consistent with the fiduciary responsibilities of the State Treasurer.
Nev. Rev. Stat. § 355.100 — NV Code / Title 31 / Chapter 355 / Section 355.100
Loans on agricultural lands: Abstract; appraisal
Status: in_force

1. Any person desiring to obtain a loan from the State Permanent School Fund on agricultural land shall: (a) Make written application to the State Board of Finance; and (b) At the same time, furnish to the State Board of Finance a full and complete abstract of title to the property offered as security for the loan.

2. If the abstract is approved by the Attorney General and it appears that the person offering such mortgage has an exceptional title free from all encumbrances, the State Board of Finance forthwith shall appoint an appraiser or appraisers to view the land and improvements thereon and make a report to the State Board of Finance of the value thereof. The person desiring to obtain the loan shall pay the cost of the appraiser or appraisers which may be incurred, not to exceed $5 per day and expenses.
Nev. Rev. Stat. § 355.120 — NV Code / Title 31 / Chapter 355 / Section 355.120
Investment in farm mortgage loans, farm loan bonds and other obligations issued by federal land banks and banks for cooperatives; limitations
Status: in_force

The State Treasurer may invest any available money in the State Treasury, other than that in the State Permanent School Fund and that in the State Insurance Fund, in farm mortgage loans fully insured and guaranteed by the Farmers Home Administration of the United States Department of Agriculture, farm loan bonds, consolidated farm loan bonds, debentures, consolidated debentures and other obligations issued by federal land banks and federal intermediate credit banks under the authority of the Federal Farm Loan Act, formerly 12 U.S.C. §§ 636 to 1012 , inclusive, and §§ 1021 to 1129 , inclusive, and the Farm Credit Act of 1971, 12 U.S.C. §§ 2001 to 2259 , inclusive, as now or hereafter amended, and bonds, debentures, consolidated debentures and other obligations issued by banks for cooperatives under the authority of the Farm Credit Act of 1933, formerly 12 U.S.C. §§ 1131 to 1138e , inclusive, and the Farm Credit Act of 1971, 12 U.S.C. §§ 2001 to 2259 , inclusive, as now or hereafter amended.
Nev. Rev. Stat. § 353C.173 — NV Code / Title 31 / Chapter 353C / Section 353C.173
Withholding of income: Filing of contest; duties of State Controller relating to contest; notice of determination on contest
Status: in_force

1. At any time after receiving the notice required pursuant to NRS 353C.172 , a person may file with the State Controller a contest to the withholding of income. If a person files a contest pursuant to this section, the State Controller must notify each employer of the person to which a notice was sent pursuant to NRS 353C.174 to discontinue the withholding pending the outcome of the contest.

2. The contest must be in writing, in the form prescribed by the State Controller, and include, without limitation: (a) The grounds for contesting the withholding; and (b) If the person is contesting the withholding on the grounds of financial hardship, evidence of how the withholding will cause a financial hardship to the person.

3. Upon receipt of a contest to the withholding of income, the State Controller: (a) Shall: (1) Consider the grounds for the contest stated by the person and any evidence submitted by the person, including, without limitation, any evidence submitted by the person that the withholding of income will cause a financial hardship to the person; and (2) Meet with the person to discuss the person's contest of withholding. The meeting may take place in person, by telephone or by videoconference. (b) May request additional information from the person related to whether the withholding of income will be a financial hardship to the person.

4. At a meeting held pursuant paragraph (b) of subsection 3, the State Controller shall offer the person an opportunity to: (a) Enter into an agreement with the State Controller pursuant to NRS 353C.130 to provide for the payment of the debt, and any penalty and interest, on an installment basis. (b) Pay the debt in full, including, without limitation, any penalty and interest. (c) Prove to the satisfaction of the State Controller that the withholding of income of the person will cause a financial hardship to the person.

5. If a person contests the withholding of income on the grounds that the withholding will be a financial hardship, after the meeting held pursuant to paragraph (b) of subsection 3, the State Controller shall make a determination whether the withholding of income will cause a financial hardship to the person. If the State Controller determines that the withholding of income will cause a financial hardship to the person, the State Controller must reduce the withholding to an amount that will not cause a financial hardship to the person.

6. The State Controller shall send a notice, by certified mail, of the determination made by the State Controller related to the contest of withholding to: (a) The person's last known address; and (b) Each employer of the person.
Nev. Rev. Stat. § 354.571 — NV Code / Title 31 / Chapter 354 / Section 354.571
“Supplemental city-county relief tax” defined
Status: in_force

“Supplemental city-county relief tax” means the fees, taxes, interest and penalties which derive from that portion of the city-county relief tax which exceeds the original tax levied at the rate of one-half of 1 percent.
Nev. Rev. Stat. § 353.155 — NV Code / Title 31 / Chapter 353 / Section 353.155
“Chief” defined
Status: in_force

As used in NRS 353.150 to 353.246 , inclusive, “ Chief ” means the Chief of the Budget Division of the Office of Finance.
Nev. Rev. Stat. § 353C.196 — NV Code / Title 31 / Chapter 353C / Section 353C.196
Limitation on refund for overpayment of debt; exception
Status: in_force

The State Controller is not required to draw a warrant to refund an overpayment of a debt which is paid to the State Controller if the amount of the overpayment is less than $10, unless the debtor, not later than 1 year after the date of the overpayment, submits a written request to the State Controller for payment of the refund.
Nev. Rev. Stat. § 354.770 — NV Code / Title 31 / Chapter 354 / Section 354.770
Acceptance of payments by credit card, debit card or electronic transfers of money
Status: in_force

1. A local government may enter into contracts with issuers of credit cards or debit cards, or operators of systems that provide for the electronic transfer of money to provide for the acceptance of credit cards, debit cards or electronic transfers of money by the local government: (a) For the payment of money owed to the local government for taxes, interest, penalties or any other obligation; or (b) In payment for goods or services.

2. If the issuer or operator charges the local government a fee for each use of a credit card or debit card or for each electronic transfer of money, the local government may require the cardholder or the person requesting the electronic transfer of money to pay a convenience fee when appropriate and authorized. The total convenience fees charged by the local government in a fiscal year must not exceed the total amount of fees charged to the local government by the issuer or operator in that fiscal year.

3. As used in this section: (a) “ Cardholder ” means the person or organization named on the face of a credit card or debit card to whom or for whose benefit the credit card or debit card is issued by an issuer. (b) “ Convenience fee ” means a fee paid by a cardholder or person requesting the electronic transfer of money to a local government for the convenience of using the credit card or debit card or the electronic transfer of money to make such payment. (c) “ Credit card ” means any instrument or device, whether known as a credit card or credit plate, or by any other name, issued with or without a fee by an issuer for the use of the cardholder in obtaining money, property, goods, services or anything else of value on credit. (d) “ Debit card ” means any instrument or device, whether known as a debit card or by any other name, issued with or without a fee by an issuer for the use of the cardholder in depositing, obtaining or transferring funds. (e) “Electronic transfer of money” has the meaning ascribed to it in NRS 463.01473 . (f) “ Issuer ” means a business organization, financial institution or authorized agent of a business organization or financial institution that issues a credit card or debit card. (g) “Local government” has the meaning ascribed to it in NRS 354.474 , except that the term does not include a court that has entered into a contract pursuant to NRS 1.113 .
Nev. Rev. Stat. § 353.229 — NV Code / Title 31 / Chapter 353 / Section 353.229
Economic Forum: Technical Advisory Committee on Future State Revenues
Status: in_force

1. The Technical Advisory Committee on Future State Revenues, consisting of seven members, is hereby created.

2. The members of the Committee are the persons serving in the following positions or their designees: (a) The Senate Fiscal Analyst; (b) The Assembly Fiscal Analyst; (c) The Chief of the Budget Division of the Office of Finance; (d) The head of the Research Division of the Employment Security Division of the Department of Employment, Training and Rehabilitation or, if that position ceases to exist, the position deemed by the Administrator of the Employment Security Division to be the equivalent of that position; (e) The Vice Chancellor for Finance of the Nevada System of Higher Education or a person designated by the Vice Chancellor; (f) The demographer employed pursuant to NRS 360.283 ; and (g) The Chair of the Committee on Local Government Finance.

3. The Committee shall: (a) At its first meeting and annually thereafter elect a Chair and Vice Chair from among its members; (b) Adopt such rules governing the conduct of the Committee as it deems necessary; (c) Hold such number of meetings as may be necessary to carry out the requests made by the Economic Forum pursuant to NRS 353.228 in the most timely manner practicable; and (d) Provide all assistance requested by the Economic Forum pursuant to NRS 353.227 .

4. A majority of the Committee constitutes a quorum and a majority of those members present must concur in any decision.

5. Each member of the Committee who is not an officer or employee of the State shall serve without compensation, except that while the member is engaged in the business of the Committee he or she is entitled to receive the per diem allowance and travel expenses provided for state officers and employees generally.

6. Each member of the Committee who is an officer or employee of the State must be relieved from duties without loss of his or her regular compensation so that the member may prepare for and attend meetings of the Committee and perform any work necessary to accomplish the tasks assigned to the Committee in the most timely manner practicable. A state agency shall not require an officer or employee who is a member of the Committee to make up the time he or she is absent from work to fulfill his or her obligations as a member, nor shall it require the member to take annual vacation or compensatory time for the absence. Such a member shall serve on the Committee without additional compensation, except that while the member is engaged in the business of the Committee he or she is entitled to receive the per diem allowance and travel expenses provided for state officers and employees generally, which must be paid by the state agency which employs the member.

7. The Committee may request information from any state agency. A state agency that receives a reasonable request for information from the Committee shall comply with the request as soon as is reasonably practicable after receiving the request.

8. The Director of the Legislative Counsel Bureau and the Budget Division of the Office of Finance shall jointly provide the Committee with: (a) Meeting rooms; (b) Staff; (c) Data processing services; and (d) Clerical assistance.
Nev. Rev. Stat. § 353.097 — NV Code / Title 31 / Chapter 353 / Section 353.097
Stale Claims Account; approval and payment of stale claims; payment of certain late claims for medical expenses
Status: in_force

1. As used in this section, “ stale claim ” means any claim which is presented by a state agency to the State Board of Examiners: (a) If the claim was eligible to be paid from money that was appropriated, after the date on which it is provided by law that money appropriated to that state agency for the previous fiscal year reverts to the fund from which appropriated; or (b) If the claim was eligible to be paid from money that was authorized, after the last day of the fiscal year in which that state agency was authorized to expend the money.

2. There is hereby created a Stale Claims Account in the State General Fund. Money for the Account must be provided by direct legislative appropriation.

3. Upon the approval of a stale claim pursuant to subsection 4, the claim must be paid from the Stale Claims Account. Payments of such stale claims for a state agency must not exceed: (a) If the claim was eligible to be paid from money that was appropriated, the amount of money reverted to the fund from which appropriated by the state agency for the fiscal year in which the obligations represented by the stale claims were incurred; or (b) If the claim was eligible to be paid from money that was authorized, the balance on the last day of the fiscal year of money that the state agency was authorized to expend during the fiscal year.

4. Except as otherwise provided in this section, a stale claim must be approved for payment from the Stale Claims Account by the State Board of Examiners. The State Board of Examiners may authorize its Clerk or a person designated by the Clerk, under such circumstances as it deems appropriate, to approve stale claims on behalf of the Board. A state agency that is aggrieved by a determination of the Clerk or the person designated by the Clerk to deny all or any part of a stale claim may appeal that determination to the State Board of Examiners.

5. A stale claim may be approved and paid at any time, despite the age of the claim, if payable from available federal grants or from a permanent fund in the State Treasury other than the State General Fund.

6. A state agency may pay from the appropriate budget account in the current fiscal year a stale claim of the state agency which is: (a) Less than $100; (b) For medical expenses pursuant to a claim from a third-party administrator; or (c) For payroll expenses.
Nev. Rev. Stat. § 354.5945 — NV Code / Title 31 / Chapter 354 / Section 354.5945
Capital improvement plan: Preparation and submission; provision to Director of Legislative Counsel Bureau upon request; filing for public inspection; limitation on amount of expenditures; required contents; reconciliation of capital outlay; exemption
Status: in_force

1. Except as otherwise provided in subsection 7, each local government shall annually prepare, on a form prescribed by the Department of Taxation for use by local governments, a capital improvement plan for the fiscal year ending on June 30 of that year and the ensuing 5 fiscal years.

2. On or before August 1 of each year, each local government shall submit a copy of the capital improvement plan of the local government to the: (a) Department of Taxation; and (b) Debt management commission of the county in which the local government is located. The Department of Taxation shall provide a copy of a capital improvement plan of a local government to the Director of the Legislative Counsel Bureau upon his or her request.

3. Each local government shall file a copy of the capital improvement plan of the local government for public record and inspection by the public in the offices of: (a) The clerk or secretary of the governing body; and (b) The county clerk.

4. The total amount of the expenditures contained in the capital improvement plan of the local government for the next ensuing fiscal year must equal the total amount of expenditures for capital outlay set forth in the final budget of the local government for each fund listed in that budget.

5. The capital improvement plan must include the estimated or actual revenues and expenditures for each capital project and the estimated or actual date for completion of each capital project.

6. The capital improvement plan must reconcile the capital outlay in each fund in the final budget for the first year of the capital improvement plan to the final budget in the next ensuing fiscal year. The reconciliation must identify the minimum level of expenditure for items classified as capital assets in the final budget and the minimum level of expenditure for items classified as capital projects in the capital improvement plan. The reconciliation of capital outlay items in the capital improvement plan must be presented on forms created and distributed by the Department of Taxation.

7. Local governments that are exempt from the requirements of the Local Government Budget and Finance Act pursuant to subsection 1 of NRS 354.475 are not required to file a capital improvement plan.
Nev. Rev. Stat. § 353D.200 — NV Code / Title 31 / Chapter 353D / Section 353D.200
Board of Trustees: Creation; membership; terms; vacancies; Chair; meetings; quorum; compensation
Status: in_force

<Section effective July 1, 2025. >

1. There is hereby created the Board of Trustees of the Nevada Employee Savings Trust.

2. The Board consists of: (a) The State Treasurer or the designee of the State Treasurer; (b) The Lieutenant Governor or the designee of the Lieutenant Governor; (c) One member, appointed by the Governor, who represents employers; (d) One member, appointed by the Governor, who has experience in the field of investments; (e) One member, appointed by the Majority Leader of the Senate, who represents retirees; and (f) One member, appointed by the Speaker of the Assembly, who has experience in small business.

3. Each appointed member serves a term of 4 years unless dismissed for cause. Members may be reappointed for additional terms of 4 years in the same manner as the original appointments.

4. Any vacancy occurring in the appointed membership of the Board must be filled in the same manner as the original appointment for the remainder of the unexpired term.

5. The State Treasurer or the designee of the State Treasurer shall serve as the Chair of the Board.

6. The Board shall meet at the call of the Chair as frequently as required to perform its duties.

7. A majority of the members of the Board constitutes a quorum for the transaction of business, and a majority of a quorum present at any meeting is sufficient for any official action taken by the Board.

8. Each member of the Board serves without compensation, except that each member is entitled to receive: (a) The per diem allowance and travel expenses provided for state officers and employees generally; and (b) Reimbursement for any other actual and reasonable expense incurred while performing the member's duties.
Nev. Rev. Stat. § 353B.320 — NV Code / Title 31 / Chapter 353B / Section 353B.320
Delegation by Board of administrative powers and duties to State Treasurer
Status: in_force

The Board may delegate to the State Treasurer any of its administrative powers and duties specified in NRS 353B.300 to 353B.370 , inclusive, if the Board determines that such delegation is necessary for the efficient and effective administration of the Nevada College Savings Program and the Trust Fund.
Nev. Rev. Stat. § 354.604 — NV Code / Title 31 / Chapter 354 / Section 354.604
Funds maintained by local governments
Status: in_force

Each local government shall maintain, according to its own needs:

1. The following kinds of governmental funds: (a) General fund; (b) Special revenue fund; (c) Capital projects fund; (d) Debt service fund; and (e) Permanent fund.

2. The following kinds of proprietary funds: (a) Enterprise fund; and (b) Internal service fund.

3. The following kinds of fiduciary funds: (a) Pension and other employee benefits funds; (b) Investment trust funds; (c) Private-purpose trust funds; and (d) Agency funds.
Nev. Rev. Stat. § 354.534 — NV Code / Title 31 / Chapter 354 / Section 354.534
“General fund” defined
Status: in_force

“General fund” means the fund used to account for all financial resources except those required to be accounted for in another fund.
Nev. Rev. Stat. § 353.230 — NV Code / Title 31 / Chapter 353 / Section 353.230
Review of estimates; preparation and submission of proposed budget; submission by Governor of separate document and recommendations; appearance of Governor or representative before legislative committees
Status: in_force

1. The Chief shall review the estimates, altering, revising, increasing or decreasing the items of the estimates as the Chief may deem necessary in view of the needs of the various departments, institutions and agencies in the Executive Department of the State Government and the total anticipated income of the State Government and of the various departments, institutions and agencies of the Executive Department during the next fiscal year. In performing the duties required by this subsection, the Chief shall use the projections and estimates prepared by the Economic Forum pursuant to NRS 353.228 .

2. The Chief shall meet with a Fiscal Analyst of the Legislative Counsel Bureau or his or her designated representative and personnel of the various departments, institutions and agencies of the Executive Department to discuss: (a) The budgetary requests of each department, institution and agency; and (b) The budgetary recommendations of the Budget Division for each department, institution and agency, for the next 2 fiscal years. The Chief shall allow the Fiscal Analyst of the Legislative Counsel Bureau or his or her designated representative full access to all materials connected with the review.

3. The Chief shall then prepare a final version of the proposed budget, in accordance with NRS 353.150 to 353.246 , inclusive, and shall deliver it to the Governor. The final version of the proposed budget must include the adjusted base budget for each department, institution and agency of the Executive Department, the costs for continuing each program at the current level of service and the costs, if any, for new programs, recommended enhancements of existing programs or reductions for the departments, institutions and agencies of the Executive Department for the next 2 fiscal years. All projections of revenue and any other information concerning future state revenue contained in the proposed budget must be based upon the projections and estimates prepared by the Economic Forum pursuant to NRS 353.228 .

4. The Governor shall, not later than 14 calendar days before the commencement of the regular legislative session, submit the proposed budget to the Director of the Legislative Counsel Bureau for transmittal to the Legislature. The Governor shall simultaneously submit, as a separate document: (a) An analysis of any new programs or enhancements of existing programs being recommended; and (b) Any increase in or new revenues which are being recommended in the proposed budget. The document must specify the total cost by department, institution or agency of new programs or enhancements, but need not itemize the specific costs. All projections of revenue and any other information concerning future state revenue contained in the document must be based upon the projections and estimates prepared by the Economic Forum pursuant to NRS 353.228 .

5. On or before the 19th calendar day of the regular legislative session, the Governor shall submit to the Legislative Counsel recommendations for each legislative measure which will be necessary to carry out the final version of the proposed budget or to carry out the Governor's legislative agenda. These recommendations must contain sufficient detailed information to enable the Legislative Counsel to prepare the necessary legislative measures.

6. During the consideration of the general appropriation bill and any special appropriation bills and bills authorizing budgeted expenditures by the departments, institutions and agencies operating on money designated for specific purposes by the Constitution or otherwise, drafted at the request of the Legislature upon the recommendations submitted by the Governor with the proposed budget, the Governor or a representative of the Governor have the right to appear before and be heard by the appropriation committees of the Legislature in connection with the appropriation bill or bills, and to render any testimony, explanation or assistance required of him or her.

7. As used in this section, “ adjusted base budget ” means the amount appropriated or authorized to support ongoing expenditures budgeted to the department, institution or agency by the Legislature for the second year of the current biennium, as adjusted for: (a) The removal of any one-time appropriation or authorization that was appropriated or authorized by the Legislature to the department, institution or agency for the second year of the biennium; (b) Statewide fringe benefits, assessments, rent insurance premiums and cost allocations; (c) Contractual obligations that are approved or expired during the current biennium; (d) Ongoing expenditures approved by the Interim Finance Committee during the current biennium; (e) Any annualization of costs that occurred for part of the second year of the current biennium; (f) Actual caseloads incurred during the first year of the biennium; (g) Rate changes that are projected to affect the budget of the department, institution or agency during the next biennium; and (h) Any other adjustment that is necessary: (1) Based on the limit upon total proposed expenditures calculated pursuant to NRS 353.213 ; or (2) As otherwise determined by the Chief.
Nev. Rev. Stat. § 353.550 — NV Code / Title 31 / Chapter 353 / Section 353.550
Requirements for agreement by state agency to acquire real property or interest in or improvement to real property with terms that extend beyond biennium in which executed
Status: in_force

1. A state agency may propose a project to acquire real property, an interest in real property or an improvement to real property through an agreement which has a term, including the terms of any options for renewal, that extends beyond the biennium in which the agreement is executed if the agreement: (a) Provides that all obligations of the State of Nevada and the state agency are extinguished by the failure of the Legislature to appropriate money for the ensuing fiscal year for payments due pursuant to the agreement; (b) Does not encumber any property of the State of Nevada or the state agency except for the property that is the subject of the agreement; (c) Provides that property of the State of Nevada and the state agency, except for the property that is the subject of the agreement, must not be forfeited if: (1) The Legislature fails to appropriate money for payments due pursuant to the agreement; or (2) The State of Nevada or the state agency breaches the agreement; (d) Prohibits certificates of participation in the agreement; and (e) For the biennium in which it is executed, does not require payments that are greater than the amount authorized for such payments pursuant to the applicable budget of the state agency.

2. The provisions of paragraph (d) of subsection 1 may be waived by the Board, upon the recommendation of the State Treasurer, if the Board determines that waiving those provisions: (a) Is in the best interests of this State; and (b) Complies with federal securities laws.

3. Before an agreement proposed pursuant to subsection 1 may become effective: (a) The proposed project must be approved by the Legislature by concurrent resolution or statute or as part of the budget of the state agency, or by the Interim Finance Committee when the Legislature is not in regular session; (b) The agency must submit the proposed agreement to the Chief, the Director of the Department of Administration, the State Treasurer and the State Land Registrar for their review and transmittal to the Board; (c) The Board must approve the proposed agreement; and (d) The Governor must execute the agreement.
Nev. Rev. Stat. § 353.3235 — NV Code / Title 31 / Chapter 353 / Section 353.3235
State agencies to record revenue receivable from certain billings in state central accounting system
Status: in_force

1. A state agency that uses an invoicing and billing procedure shall record the revenue receivable from those billings in the central accounting system of this state.

2. As used in this section, “state agency” means an agency, bureau, board, commission, department, division or any other unit of the Executive Department of the State Government.
Nev. Rev. Stat. § 353.333 — NV Code / Title 31 / Chapter 353 / Section 353.333
Compilation; contents; availability
Status: in_force

1. On or before January 1 of each year, the Governor shall compile a report on the status of the finances of the State including the information published in: (a) The most recent executive budget report prepared pursuant to the provisions of NRS 353.185 ; (b) The most recent report prepared by the State Controller pursuant to the provisions of NRS 227.110 ; (c) The most recent report on the count of state money prepared pursuant to the provisions of NRS 353.075 ; (d) The most recent report on the transactions and proceedings of the Department of Taxation prepared pursuant to the provisions of NRS 360.100 ; (e) The most recent report prepared by each school district pursuant to the provisions of NRS 387.303 ; (f) The most recent report prepared and submitted by each local government pursuant to the provisions of NRS 360.220 ; and (g) Any other report prepared by the State, or a county, city, town or school district, or any public agency of this State or its political subdivisions that the Governor deems to be relevant to the status of finances of the State.

2. The report required pursuant to subsection 1 must be: (a) Titled the “Nevada Report to Taxpayers”; (b) Written in plain English; and (c) Contain such information as the Governor deems appropriate to provide a full and accurate description on the status of the finances of the State, including, without limitation: (1) The total amount of revenue collected by the State or an agency of the State during the preceding fiscal year; (2) The actual total of all expenses and expenditures by the State or an agency of the State during the preceding fiscal year; (3) A comparison of the total amount appropriated or authorized for expenditure by the State during the preceding fiscal year and the actual total of all expenses and expenditures by the State during the preceding fiscal year; (4) The total amount of outstanding public debt of the State at the end of the preceding fiscal year; (5) The total cost to pay the public debt of the State during the preceding fiscal year; and (6) Such information on the revenue, expenditures and public debt of the State, or a county, city, town or school district, or any public agency of this State or its political subdivisions as the Governor deems necessary to provide a full and accurate description on the status of the finances of the State.

3. The Governor shall make the report required pursuant to subsection 1 available for access by the public on the Internet or its successor, if any.
Nev. Rev. Stat. § 353.3076 — NV Code / Title 31 / Chapter 353 / Section 353.3076
“Generally accepted accounting principles” defined
Status: in_force

“ Generally accepted accounting principles ” means generally accepted accounting principles for government as prescribed by the Governmental Accounting Standards Board.
Nev. Rev. Stat. § 356.330 — NV Code / Title 31 / Chapter 356 / Section 356.330
“Public money” defined
Status: in_force

1. “ Public money ” means all money deposited with a depository by any of the following: (a) The State Treasurer. (b) An official custodian with plenary authority, including control over money belonging to, or held for the benefit of, the State or any of its political subdivisions, public corporations, municipal corporations, courts, or public agencies, boards, commissions or committees. If the exercise of plenary authority over public money requires action by or the consent of two or more recognized official custodians, the official custodians shall be treated as one official custodian having plenary authority over the public money. For the purposes of this paragraph: (1) “ Control ” means the possession of public money and the authority to establish accounts of public money in public depository institutions and to make deposits, withdrawals and disbursements of public money. (2) “ Official custodian ” means the State or any of its political subdivisions, public corporations, municipal corporations, courts, or public agencies, boards, commissions or committees. (c) A public administrator or a person employed or contracted with pursuant to NRS 253.125 , as applicable, acting as a trustee, agent or bailee.

2. The term does not include money deposited with a depository by: (a) A Native American tribe or an agent or representative thereof; (b) The Federal Government or an agent or representative thereof; or (c) The Public Employees' Retirement System or an agent or representative thereof.
Nev. Rev. Stat. § 354.723 — NV Code / Title 31 / Chapter 354 / Section 354.723
Severe financial emergency: Procedure for disincorporation or dissolution of local government in certain circumstances; requirement for local government to take remedial action in certain circumstances
Status: repealed

1. If the Executive Director determines that a severe financial emergency which exists in a local government under management by the Department is unlikely to cease to exist within 3 years, the Executive Director shall determine: (a) The amount any tax or mandatory assessment levied by the local government must be raised to ensure a balanced budget for the local government; and (b) The manner in which the services provided by the local government must be limited to ensure a balanced budget for the local government, and submit his or her findings to the Committee.

2. The Committee shall review the findings submitted by the Executive Director pursuant to subsection 1. If the Committee determines that the severe financial emergency which exists in the local government is unlikely to cease to exist within 3 years and that the findings made by the Executive Director are appropriate, the Committee shall submit its recommendation and findings to the Nevada Tax Commission. If the Committee determines that the financial emergency is likely to cease to exist within 3 years, that decision is not subject to review by the Nevada Tax Commission.

3. The Nevada Tax Commission shall schedule a public hearing not later than 30 days after the Committee submits its recommendation and findings. The Nevada Tax Commission shall provide public notice of the hearing at least 10 days before the date on which the hearing will be held. The Executive Director shall provide copies of all documents relevant to the recommendation and findings of the Committee to the governing body of the local government existing in a severe financial emergency.

4. If, after the public hearing, the Nevada Tax Commission adopts the recommendation and findings of the Committee, the Commission may: (a) Require the submission of a question to the electors of the local government at the next primary or general municipal election or primary or general state election, as applicable, asking whether the local government should be disincorporated or dissolved; or (b) Require the local government to take any other remedial action in accordance with the recommendation and findings of the Committee.

5. If the electors of the local government do not approve the disincorporation or dissolution of the local government: (a) The maximum ad valorem tax levied within the local government, if any, must be raised to $5 on each $100 of assessed valuation; (b) Any other taxes or mandatory assessments levied in the local government, notwithstanding any limitation on those taxes or assessments provided by statute, must be raised in an amount the Nevada Tax Commission determines is necessary to ensure a balanced budget for the local government; and (c) The services provided by the local government must be limited in a manner the Nevada Tax Commission determines is necessary to ensure a balanced budget for the local government.

6. If the electors of the local government approve the disincorporation or dissolution of a local government that is: (a) Created by another local government, it must be disincorporated or dissolved: (1) Pursuant to the applicable provisions of law; or (2) If there are no specific provisions of law providing for the disincorporation or dissolution of the local government, by the entity that created the local government. If, at the time of the disincorporation or dissolution of the local government pursuant to this paragraph, there are any outstanding loans or bonded indebtedness of the local government, including, without limitation, loans made to the local government by the county in which the local government is located, the taxes for the payment of the bonds or other indebtedness must continue to be levied and collected in the same manner as if the local government had not been disincorporated or dissolved until all outstanding indebtedness is repaid, but for all other purposes the local government shall be deemed disincorporated or dissolved at the time that the entity which created the local government disincorporates or dissolves the local government. Any other liabilities and any remaining assets shall revert to the entity that created the local government which is being disincorporated or dissolved. (b) Created by a special or local act of the Legislature, it may only be disincorporated or dissolved by the Legislature. The Executive Director shall submit notification of the vote approving the disincorporation or dissolution of the local government to the Director of the Legislative Counsel Bureau for transmittal to the Legislature. At the first opportunity, the Legislature shall consider the question of whether the special or local act will be repealed. (c) Created in any other manner, it must be disincorporated or dissolved: (1) Pursuant to the applicable provisions of law; or (2) If there are no specific provisions of law providing for the disincorporation or dissolution of the local government, by the governing body of that local government. If, at the time of the disincorporation or dissolution of the local government pursuant to this paragraph, there are any outstanding loans or bonded indebtedness of the local government, including, without limitation, loans made to the local government by the county or counties in which the local government is located, the taxes for the payment of the bonds or other indebtedness must continue to be levied and collected in the same manner as if the local government had not been disincorporated or dissolved until all outstanding indebtedness is repaid, but for all other purposes the local government shall be deemed disincorporated or dissolved at the time that the governing body of the local government disincorporates or dissolves the local government. Except as otherwise provided in this subparagraph, any other liabilities and any remaining assets of the local government shall revert to the board of county commissioners of the county in which the local government is located. If the local government is located in more than one county, the governing body of the local government shall apportion the remaining liabilities and assets among the boards of county commissioners of the counties in which the local government is located.

7. Not later than 10 days after the Nevada Tax Commission requires the submission of a question to the electors to disincorporate or dissolve a local government pursuant to subsection 4, the Executive Director shall notify: (a) The city clerk, if the local government is a city; or (b) The county clerk in all other cases, and provide the clerk with the amount any tax or mandatory assessment levied by the local government must be raised and a description of the manner in which the services provided by the local government must be limited to ensure a balanced budget for the local government.

8. After the Executive Director notifies the city clerk or the county clerk, as applicable, pursuant to subsection 7, the clerk shall cause to be published in a newspaper of general circulation that is printed in the local government a notice of the election once in each calendar week for 2 successive calendar weeks by two weekly insertions a week apart, the first publication to be not more than 30 days nor less than 22 days next preceding the date of the election. If no newspaper is printed in the local government, publication of the notice of election must be made in a newspaper printed in this State and having a general circulation in the local government.

9. The notice required pursuant to subsection 8 must contain the following information: (a) That the Nevada Tax Commission has determined that the severe financial emergency which exists in the local government is unlikely to cease to exist within 3 years; (b) That the question of whether the local government should be disincorporated or dissolved will be submitted to the electors of the local government at the next primary or general municipal election or the next primary or general state election, as applicable; and (c) That if the electors do not approve the disincorporation or dissolution: (1) The maximum ad valorem tax levied within the local government, if any, will be raised to $5 on each $100 of assessed valuation; (2) Any taxes or mandatory assessment levied in the local government will be raised to ensure a balanced budget for the local government and the amount by which those taxes or mandatory assessments will be raised; and (3) The services the local government provides will be limited to ensure a balanced budget for the local government and the manner in which those services will be limited.

10. If any provisions providing generally for the disincorporation or dissolution of the local government require that the question of disincorporating or dissolving be published or submitted to a vote of the electors of the local government, the publication required by subsection 3 and the election required by subsection 4 satisfy those requirements. If: (a) There is any other conflict between the provisions of this section and any provisions providing generally for the disincorporation or dissolution of a local government; or (b) The provisions providing generally for the disincorporation or dissolution of a local government provide additional rights to protest the disincorporation or dissolution of a local government not provided by this section, the provisions of this section control a disincorporation or dissolution pursuant to this section and any person wishing to protest such a disincorporation or dissolution must proceed in accordance with the provisions of this section.

11. As used in this section, “local government” does not include a county, a school district or any agency or department of a county or city which prepares a budget separate from that of the parent political subdivision.
Nev. Rev. Stat. § 354.5965 — NV Code / Title 31 / Chapter 354 / Section 354.5965
Tentative budget: Inclusion and availability of list of certain contracts
Status: in_force

1. In preparing a tentative budget pursuant to NRS 354.596 , the governing body of a local government shall prepare and include a list of any existing contracts the local government has with persons or temporary employment services, the proposed expenditures for such contracts in the next 2 fiscal years and the reasons for the use of such persons or services. If such contracts include privatization contracts, the local government must include in the list: (a) The duration of such contracts; (b) The number of privatization contracts proposed for the next 2 fiscal years and the estimated expenditures for such contracts; and (c) A summary of the number of persons the local government proposes to employ pursuant to each contract, reflected as their equivalent full-time positions if the persons were employed regularly by the local government, and their equivalent hourly wage.

2. The list prepared pursuant to this section is a public record and must be open to public inspection.

3. As used in this section, “ privatization contract ” means a contract executed by or on behalf of a local government which authorizes a private entity to provide public services which are: (a) Substantially similar to the services provided by the public employees of the local government; and (b) In lieu of the services otherwise authorized or required to be provided by the local government.
Nev. Rev. Stat. § 353.207 — NV Code / Title 31 / Chapter 353 / Section 353.207
Submission of certain information concerning incentives for economic development; information open for public inspection
Status: in_force

<Section effective until June 30, 2032, when it expires by limitation. See, also, section 353.207 effective July 1, 2032, through June 30, 2035, when it expires by limitation, section effective July 1, 2035 through June 30, 2036, when it expires by limitation, section effective July 1, 2036 through Dec. 31, 2056, when it expires by limitation, and section effective Jan. 1, 2057.>

1. The Chief shall: (a) Require the Office of Economic Development and the Office of Energy each periodically to conduct an analysis of the relative costs and benefits of each incentive for economic development previously approved by the respective office and in effect during the immediately preceding 2 fiscal years, including, without limitation, any abatement of taxes approved by the Office of Economic Development pursuant to NRS 274.310 , 274.320 , 274.330 , 360.750 , 360.752 , 360.753 , 360.754 , 360.890 , 360.950 , 361.0687 , 374.357 or 701A.210 , to assist the Governor and the Legislature in determining whether the economic benefits of the incentive have accomplished the purposes of the statute pursuant to which the incentive was approved and warrant additional incentives of that kind; (b) Require each office to report in writing to the Chief the results of the analysis conducted by the office pursuant to paragraph (a); and (c) Establish a schedule for performing and reporting the results of the analysis required by paragraph (a) which ensures that the results of the analysis reported by each office are included in the proposed budget prepared pursuant to NRS 353.205 , as required by that section.

2. Each report prepared for the Chief pursuant to this section is a public record and is open to inspection pursuant to the provisions of NRS 239.010 .
Nev. Rev. Stat. § 356.200 — NV Code / Title 31 / Chapter 356 / Section 356.200
Deposit of county money in bank, credit union, savings and loan association or savings bank by other county officers
Status: in_force

1. With unanimous consent of his or her bondsmen, a county officer, other than a county treasurer, may deposit county money received by the office of the county officer in an insured bank, insured credit union, insured savings and loan association or insured savings bank located in the State of Nevada.

2. If the written consent of any bondsman to such a deposit has not been obtained, the bondsman must, upon giving notice as required by law, be released from all responsibility on the bond of the officer.

3. The accounts must be kept in the name of the county in such manner as the board of county commissioners may prescribe.

4. The balance in each such account, as certified by the proper officer of the bank, credit union, savings and loan association or savings bank in which the money is deposited, and by oath of the county treasurer, may be accounted for by the county as cash.

5. All money deposited in any depository bank, credit union, savings and loan association or savings bank by such a county officer may be drawn out by him or her on check or order payable only to the county treasurer or his or her order, but every county assessor may also withdraw money received in payment for license fees for motor vehicles by check or order payable to the Department of Motor Vehicles, and may also withdraw money received in payment for use taxes for motor vehicles by check or order payable to the Department of Taxation.

6. The county officer shall keep a register which shows the amount of county money on deposit and lists every check or order drawn upon the depository bank, credit union, savings and loan association or savings bank, numbering the items consecutively.

7. The county officer maintaining a deposit in any depository bank, credit union, savings and loan association or savings bank shall draw upon the deposit not later than the first Monday of each month and whenever the deposit exceeds $100 for the full amount of county money deposited therein, a withdrawal to be by check or order payable to the county treasurer, and shall thereupon deliver the withdrawal to the county treasurer.

8. This section does not apply to any deposit made by the clerk of any court pursuant to NRS 355.210 .
Nev. Rev. Stat. § 353.361 — NV Code / Title 31 / Chapter 353 / Section 353.361
Temporary advance from State General Fund for payment of money due from State Education Fund
Status: in_force

1. If the Superintendent of Public Instruction determines that the money due from the State Education Fund to a county school district, charter school or university school for profoundly gifted pupils pursuant to NRS 387.185 exceeds the amount of money available in the State Education Fund because of a delay in expected receipts, and a temporary advance requested pursuant to NRS 387.1213 will not provide adequate funding to address the shortfall, he or she may request from the Director of the Office of Finance a temporary advance from the State General Fund for the payment of such money due.

2. Upon receipt of a request made pursuant to subsection 1, the Director of the Office of Finance shall make a recommendation to the Interim Finance Committee to approve the temporary advance in whole or in part or to deny the request. If the Interim Finance Committee approves the request in whole or in part, the Director of the Office of Finance shall notify the State Controller and the Fiscal Analysis Division of the Legislative Counsel Bureau of the amount approved by the Interim Finance Committee, and the State Controller shall draw his or her warrant upon receipt of such a notice of approval. Any money which is temporarily advanced from the State General Fund pursuant to this section must be repaid by August 31 following the end of the fiscal year in which the temporary advance is made.
Nev. Rev. Stat. § 353.319 — NV Code / Title 31 / Chapter 353 / Section 353.319
Administration of law; regulations
Status: in_force

1. The State Controller shall administer the provisions of the State Accounting Procedures Law.

2. The State Controller shall, 30 days prior to the adoption, amendment or repeal of an accounting or reporting regulation give notice to each elective state officer, each state board or commission and the head of each state department.
Nev. Rev. Stat. § 353C.110 — NV Code / Title 31 / Chapter 353C / Section 353C.110
Regulations of State Controller: Generally
Status: in_force

The State Controller may adopt such regulations as are necessary to carry out the provisions of this chapter.
Nev. Rev. Stat. § 353C.080 — NV Code / Title 31 / Chapter 353C / Section 353C.080
“Tax” defined
Status: in_force

“Tax” means any compulsory charge levied by an agency or the State of Nevada against the wealth of a person for the common benefit of the general public.
Nev. Rev. Stat. § 353.224 — NV Code / Title 31 / Chapter 353 / Section 353.224
Approval of Legislature or Interim Finance Committee required for certain changes of positions
Status: in_force

1. A state agency other than the Nevada System of Higher Education and vocational licensing boards may not change a position for which money has been appropriated or authorized from one occupational group to another, as defined by the index developed pursuant to NRS 284.171 , without the approval of the Legislature or of the Interim Finance Committee.

2. All proposed changes of positions from one occupational group to another must be submitted to the Interim Finance Committee. The Interim Finance Committee has 45 days after a proposal is submitted to its Secretary within which to consider it. Any proposed change of a position from one occupational group to another which is not considered within the 45-day period shall be deemed approved.

3. The Secretary shall place each request submitted pursuant to subsection 2 on the agenda of the next meeting of the Interim Finance Committee.

4. In acting upon a proposed change of position, the Interim Finance Committee shall consider, among other things: (a) The need for the proposed change; and (b) The intent of the Legislature in approving the existing classification of positions.
Nev. Rev. Stat. § 355.140 — NV Code / Title 31 / Chapter 355 / Section 355.140
Authorized and prohibited investments of state money
Status: in_force

1. In addition to other investments provided for by a specific statute, the following bonds and other securities are proper and lawful investments of any of the money of this state, of its various departments, institutions and agencies, and of the State Insurance Fund: (a) Bonds and certificates of the United States; (b) Bonds, notes, debentures and loans if they are underwritten by or their payment is guaranteed by the United States; (c) Obligations or certificates of the United States Postal Service, the Federal National Mortgage Association, the Government National Mortgage Association, the Federal Agricultural Mortgage Corporation, the Federal Home Loan Banks, the Federal Home Loan Mortgage Corporation or the Student Loan Marketing Association, whether or not guaranteed by the United States; (d) Bonds of this state or other states of the Union; (e) Bonds of any county of this state or of other states; (f) Bonds of incorporated cities in this state or in other states of the Union, including special assessment district bonds if those bonds provide that any deficiencies in the proceeds to pay the bonds are to be paid from the general fund of the incorporated city; (g) General obligation bonds of irrigation districts and drainage districts in this state which are liens upon the property within those districts, if the value of the property is found by the board or commission making the investments to render the bonds financially sound over all other obligations of the districts; (h) Bonds of school districts within this state; (i) Bonds of any general improvement district whose population is 200,000 or more and which is situated in two or more counties of this state or of any other state, if: (1) The bonds are general obligation bonds and constitute a lien upon the property within the district which is subject to taxation; and (2) That property is of an assessed valuation of not less than five times the amount of the bonded indebtedness of the district; (j) Medium-term obligations for counties, cities and school districts authorized pursuant to chapter 350 of NRS ; (k) Loans bearing interest at a rate determined by the State Board of Finance when secured by first mortgages on agricultural lands in this state of not less than three times the value of the amount loaned, exclusive of perishable improvements, and of unexceptional title and free from all encumbrances; (l) Farm loan bonds, consolidated farm loan bonds, debentures, consolidated debentures and other obligations issued by federal land banks and federal intermediate credit banks under the authority of the Federal Farm Loan Act, formerly 12 U.S.C. §§ 636 to 1012 , inclusive, and §§ 1021 to 1129 , inclusive, and the Farm Credit Act of 1971, 12 U.S.C. §§ 2001 to 2259 , inclusive, and bonds, debentures, consolidated debentures and other obligations issued by banks for cooperatives under the authority of the Farm Credit Act of 1933, formerly 12 U.S.C. §§ 1131 to 1138e , inclusive, and the Farm Credit Act of 1971, 12 U.S.C. §§ 2001 to 2259 , inclusive, excluding such money thereof as has been received or which may be received hereafter from the Federal Government or received pursuant to some federal law which governs the investment thereof; (m) Negotiable certificates of deposit issued by commercial banks, insured credit unions, savings and loan associations or savings banks; (n) Bankers' acceptances of the kind and maturities made eligible by law for rediscount with Federal Reserve banks or trust companies which are members of the Federal Reserve System, except that acceptances may not exceed 180 days' maturity, and may not, in aggregate value, exceed 25 percent of the total par value of the portfolio as determined at the time of purchase; (o) Commercial paper issued by a corporation, trust or limited-liability company organized and operating in the United States or by a depository institution licensed by the United States or any state and operating in the United States that: (1) At the time of purchase has a remaining term to maturity of not more than 270 days; and (2) Is rated by a nationally recognized rating service as “A-1,” “P-1” or its equivalent, or better, except that investments pursuant to this paragraph may not, in aggregate value, exceed 25 percent of the total par value of the portfolio as determined at the time of purchase. If the rating of an obligation is reduced to a level that does not meet the requirements of this paragraph, the State Treasurer shall take such action as he or she deems appropriate to preserve the principal value and integrity of the portfolio as a whole and report to the State Board of Finance any action taken by the State Treasurer pursuant to this paragraph; (p) Notes, bonds and other unconditional obligations for the payment of money, except certificates of deposit that do not qualify pursuant to paragraph (m), issued by corporations organized and operating in the United States or by depository institutions licensed by the United States or any state and operating in the United States that: (1) Are purchased from a registered broker-dealer; (2) At the time of purchase have a remaining term to maturity of not more than 5 years; and (3) Are rated by a nationally recognized rating service as “A” or its equivalent, or better, except that investments pursuant to this paragraph may not, in aggregate value, exceed 25 percent of the total par value of the portfolio as determined at the time of purchase. If the rating of an obligation is reduced to a level that does not meet the requirements of this paragraph, the State Treasurer shall take such action as he or she deems appropriate to preserve the principal value and integrity of the portfolio as a whole and report to the State Board of Finance any action taken by the State Treasurer pursuant to this paragraph; (q) A bond, note or other obligation issued or unconditionally guaranteed by the International Bank for Reconstruction and Development, the International Finance Corporation or the Inter-American Development Bank that: (1) Is denominated in United States dollars; (2) Is a senior unsecured unsubordinated obligation; (3) At the time of purchase has a remaining term to maturity of 5 years or less; and (4) Is rated by a nationally recognized rating service as “AA” or its equivalent, or better, except that investments pursuant to this paragraph may not, in aggregate value, exceed 15 percent of the total par value of the portfolio as determined at the time of purchase; (r) A bond, note or other obligation publicly issued in the United States by a foreign financial institution, corporation or government that: (1) Is denominated in United States dollars; (2) Is a senior unsecured unsubordinated obligation; (3) Is registered with the Securities and Exchange Commission in accordance with the provisions of the Securities Act of 1933, 15 U.S.C. §§ 77a et seq., as amended; (4) Is purchased from a registered broker-dealer; (5) At the time of purchase has a remaining term to maturity of 5 years or less; and (6) Is rated by a nationally recognized rating service as “A” or its equivalent, or better, except that investment pursuant to this paragraph may not, in aggregate value, exceed 10 percent of the total par value of the portfolio as determined at the time of purchase; (s) Money market mutual funds which: (1) Are registered with the Securities and Exchange Commission; (2) Are rated by a nationally recognized rating service as “AAA” or its equivalent; and (3) Invest only in securities issued by the Federal Government or agencies of the Federal Government or in repurchase agreements fully collateralized by such securities; (t) Collateralized mortgage obligations that are rated by a nationally recognized rating service as “AAA” or its equivalent; and (u) Asset-backed securities that are rated by a nationally recognized rating service as “AAA” or its equivalent.

2. Repurchase agreements and reverse-repurchase agreements are proper and lawful investments of money of the State and the State Insurance Fund for the purchase or sale of securities which are negotiable and of the types listed in subsection 1 if made in accordance with the following conditions: (a) The State Treasurer shall designate in advance and thereafter maintain a list of qualified counterparties which: (1) Regularly provide audited and, if available, unaudited financial statements to the State Treasurer; (2) The State Treasurer has determined to have adequate capitalization and earnings and appropriate assets to be highly credit worthy; and (3) Have executed a written master repurchase agreement or master reverse-repurchase agreement, as applicable, in a form satisfactory to the State Treasurer and the State Board of Finance pursuant to which all repurchase agreements or reverse-repurchase agreements are entered into. The master repurchase agreement and master reverse-repurchase agreement must require the prompt delivery to the State Treasurer and the appointed custodian of written confirmations of all transactions conducted thereunder, and must be developed giving consideration to the Federal Bankruptcy Act, 11 U.S.C. §§ 101 et seq. (b) In all repurchase agreements: (1) At or before the time money to pay the purchase price is transferred, title to the purchased securities must be recorded in the name of the appointed custodian, or the purchased securities must be delivered with all appropriate, executed transfer instruments by physical delivery to the custodian; (2) The State must enter into a written contract with the custodian appointed pursuant to subparagraph (1) which requires the custodian to: (I) Disburse cash for repurchase agreements only upon receipt of the underlying securities; (II) Notify the State when the securities are marked to the market if the required margin on the agreement is not maintained; (III) Hold the securities separate from the assets of the custodian; and (IV) Report periodically to the State concerning the market value of the securities; (3) The market value of the purchased securities must exceed 102 percent of the repurchase price to be paid by the counterparty and the value of the purchased securities must be marked to the market weekly; (4) The date on which the securities are to be repurchased must not be more than 90 days after the date of purchase; and (5) The purchased securities must not have a term to maturity at the time of purchase in excess of 10 years. (c) In all reverse-repurchase agreements: (1) The State must enter into a written contract with the appointed custodian which authorizes the custodian to transfer the securities underlying the reverse-repurchase agreement only at or after the time at which money to pay the purchase price of the securities is transferred to the custodian; (2) The date on which the State commits to repurchase a security purchased by a counterparty or securities of the same issuer, description, issue date and maturity must not be more than 90 days after the date on which the counterparty purchased the securities from the State; and (3) Money received by the custodian pursuant to subparagraph (1) may be used by the State only to purchase securities whose maturity matches or is not longer than the term of the reverse-repurchase agreement.

3. As used in this section: (a) “ Counterparty ” means a bank organized and operating or licensed to operate in the United States pursuant to federal or state law or a securities dealer which is: (1) A registered broker-dealer; (2) Designated by the Federal Reserve Bank of New York as a “primary” dealer in United States government securities; and (3) In full compliance with all applicable capital requirements. (b) “ Repurchase agreement ” means a purchase of securities by the State or State Insurance Fund from a counterparty which commits to repurchase those securities or securities of the same issuer, description, issue date and maturity on or before a specified date for a specified price. (c) “ Reverse-repurchase agreement ” means a purchase of securities by a counterparty from the State which commits to repurchase those securities or securities of the same issuer, description, issue date and maturity on or before a specified date for a specified price.
Nev. Rev. Stat. § 356.020 — NV Code / Title 31 / Chapter 356 / Section 356.020
Collateral for uninsured deposits: Types; pledge; fair market value; review; reports by depository; deposit of additional securities
Status: in_force

1. All money deposited by the State Treasurer which is not within the limits of insurance provided by an instrumentality of the United States must be secured by collateral composed of the following types of securities: (a) United States treasury notes, bills, bonds or obligations as to which the full faith and credit of the United States are pledged for the payment of principal and interest, including the guaranteed portions of Small Business Administration loans if the full faith and credit of the United States is pledged for the payment of the principal and interest; (b) Bonds of this state; (c) Bonds of any county, municipality or school district within this state; (d) Promissory notes secured by first mortgages or first deeds of trust which meet the requirements of NRS 356.025 ; (e) Mortgage-backed pass-through securities guaranteed by the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation or the Government National Mortgage Association; (f) Collateralized mortgage obligations or real estate mortgage investment conduits that are rated “AAA,” “Aaa” or its equivalent by a nationally recognized rating service; (g) Instruments in which the State is permitted by NRS 355.140 to invest; or (h) Irrevocable letters of credit from any Federal Home Loan Bank with the State Treasurer named as the beneficiary.

2. Collateral deposited by the depository bank, credit union, savings and loan association or savings bank must be pledged with the State Treasurer or with a trust company, a broker-dealer registered under 15 U.S.C. § 78o(b)(1) , any Federal Home Loan Bank or any insured bank, credit union, savings and loan association or savings bank, other than the depository bank, credit union, savings and loan association or savings bank, which will accept the securities in trust for the purposes of this section.

3. The fair market value of the deposit of securities as collateral by each depository bank, credit union, savings and loan association or savings bank must be at least the amount required pursuant to NRS 356.300 to 356.390 , inclusive. The fair market value of any collateral consisting of promissory notes with first mortgages or first deeds of trust shall be deemed to be 75 percent of the unpaid principal of the notes.

4. All securities to be used as such collateral are subject to review by the State Treasurer. The depository bank, credit union, savings and loan association or savings bank shall submit reports to the State Treasurer as required pursuant to NRS 356.300 to 356.390 , inclusive.

5. The State Treasurer may, from time to time, require the deposit of additional securities as collateral if, in his or her judgment, the additional securities are necessary to secure the State Treasurer's deposit.
Nev. Rev. Stat. § 357.060 — NV Code / Title 31 / Chapter 357 / Section 357.060
Joint and several liability
Status: in_force

Liability pursuant to this chapter is joint and several for an act done by two or more persons.
Nev. Rev. Stat. § 354.755 — NV Code / Title 31 / Chapter 354 / Section 354.755
Partnership with tax-exempt organization to finance construction of certain medical buildings: Criteria; applicability of laws governing public works; subcontracts; provisions required to be included in agreement with prime contractor
Status: in_force

1. An organization may partner with a local government and provide private financing only for the construction of a hospital, medical education building or medical research building in this State if the organization: (a) Qualifies as a tax-exempt organization pursuant to 26 U.S.C. § 501(c) and a supporting organization pursuant to 26 U.S.C. § 509(a)(3) ; and (b) Is organized and operated to support the local government in the construction of a hospital, medical education building or medical research building in this State.

2. An organization that meets the criteria set forth in subsection 1: (a) Is exempt from the provisions of NRS 338.1375 to 338.139 , inclusive, in selecting a contractor for a project developed by the organization; (b) Shall comply with the provisions of NRS 338.013 to 338.090 , inclusive; and (c) Is exempt from the provisions of chapter 341 of NRS and not subject to the oversight or involvement of the State Public Works Division of the Department of Administration, except for any authority of the Deputy Administrator of the Public Works-Compliance and Code Enforcement Section exercised pursuant to subsection 2 of NRS 341.145 .

3. All subcontracts for a project developed by an organization that meets the criteria set forth in subsection 1 must be competitively bid pursuant to NRS 338.1685 to 338.16995 , inclusive. An eligible subcontractor who bids on such a project is entitled to receive a preference in bidding pursuant to subsection 3 or 4 of NRS 338.1389 .

4. Any contract or agreement entered into with a prime contractor for a project developed by an organization that meets the criteria set forth in subsection 1 must include, without limitation, provisions requiring: (a) That at least 15 percent of the subcontracts for the project will be awarded to local small businesses; and (b) The prime contractor to comply with the requirements of NRS 338.01165 for the use of apprentices.
Nev. Rev. Stat. § 355.005 — NV Code / Title 31 / Chapter 355 / Section 355.005
Regulations of State Treasurer
Status: in_force

The State Treasurer shall adopt regulations which the State Treasurer deems necessary to carry out his or her duties pursuant to the provisions of this chapter.
Nev. Rev. Stat. § 353.2707 — NV Code / Title 31 / Chapter 353 / Section 353.2707
“Account” defined
Status: in_force

“ Account ” means the Disaster Relief Account created by NRS 353.2735 .
Nev. Rev. Stat. § 354.479 — NV Code / Title 31 / Chapter 354 / Section 354.479
“Accrual basis” defined
Status: in_force

“Accrual basis” means the basis of accounting under which expenditures or expenses are recorded as soon as they result in liabilities for benefits received and revenues are recorded when earned, despite the possibility that the receipt of the revenue or the payment for the expense may take place, in whole or in part, in another accounting period.
Nev. Rev. Stat. § 353.226 — NV Code / Title 31 / Chapter 353 / Section 353.226
Economic Forum: Impanelment; appointment, terms, qualifications and removal of members; vacancies
Status: in_force

1. On or before July 1 of each even-numbered year, the Governor shall impanel an Economic Forum.

2. The Governor shall appoint three members of the Governor’s own selection and one member nominated by the Majority Floor Leader of the Senate and one member nominated by the Speaker of the Assembly to serve on the Economic Forum for a term of 2 years.

3. On or before June 15 of each even-numbered year, and within 30 days after the position of his or her nominee on the Economic Forum becomes vacant, each nominating authority set forth in subsection 2 shall submit to the Governor the name of his or her nominee to the Economic Forum.

4. If a nominating authority fails to submit a timely nomination of a person who is qualified pursuant to subsections 6 and 7 to the Governor pursuant to subsection 3, the Governor may appoint any qualified person to the position.

5. Each member appointed pursuant to subsection 2 or 4 may be removed by the Governor for good cause.

6. Each member must be an expert with demonstrated ability in the field of economics, taxation or other discipline necessary to economic forecasting and be able to bring knowledge and professional judgment to the deliberations of the Economic Forum.

7. No officer or employee of the State Government, including publicly supported institutions of higher education, may be a member of the Economic Forum.

8. Except as otherwise provided in subsection 4, a person appointed to fill a vacancy must be nominated and appointed in the same manner as his or her predecessor in office.
Nev. Rev. Stat. § 353A.025 — NV Code / Title 31 / Chapter 353A / Section 353A.025
Periodic review; biennial report of compliance by agency; biennial report of status of accounting and controls in agencies by Director
Status: in_force

1. The head of each agency shall periodically review the agency's system of internal accounting and administrative control to determine whether it is in compliance with the uniform system of internal accounting and administrative control for agencies adopted pursuant to subsection 1 of NRS 353A.020 .

2. On or before July 1 of each even-numbered year, the head of each agency shall report to the Director whether the agency's system of internal accounting and administrative control is in compliance with the uniform system adopted pursuant to subsection 1 of NRS 353A.020 . The reports must be made available for inspection by the members of the Legislature.

3. For the purposes of this section, “agency” does not include: (a) A board created by the provisions of NRS 590.485 and chapters 623 to 625A, inclusive, 628, 630 to 644A, inclusive, 648, 654 and 656 of NRS. (b) The Nevada System of Higher Education. (c) The Public Employees' Retirement System. (d) The Housing Division of the Department of Business and Industry. (e) The Colorado River Commission of Nevada.

4. The Director shall, on or before the first Monday in February of each odd-numbered year, submit a report on the status of internal accounting and administrative controls in agencies to the: (a) Director of the Legislative Counsel Bureau for transmittal to the: (1) Senate Standing Committee on Finance; and (2) Assembly Standing Committee on Ways and Means; (b) Governor; and (c) Legislative Auditor.

5. The report submitted by the Director pursuant to subsection 4 must include, without limitation: (a) The identification of each agency that has not complied with the requirements of subsections 1 and 2; (b) The identification of each agency that does not have an effective method for reviewing its system of internal accounting and administrative control; and (c) The identification of each agency that has weaknesses in its system of internal accounting and administrative control, and the extent and types of such weaknesses.
Nev. Rev. Stat. § 356.125 — NV Code / Title 31 / Chapter 356 / Section 356.125
Written consent of board of county commissioners required for deposits in time accounts; contracts for time accounts; depository not required to accept county deposits
Status: in_force

1. A county treasurer may deposit county money in insured depository banks, insured credit unions, insured savings and loan associations or insured savings banks in time accounts only with the written consent of the board of county commissioners.

2. The time accounts so established are subject to the applicable contract between the depository and the county.

3. The provisions of this section do not require any depository to accept county deposits.
Nev. Rev. Stat. § 354.620 — NV Code / Title 31 / Chapter 354 / Section 354.620
Unencumbered balance of appropriation lapses at end of fiscal year; reversion to fund
Status: in_force

Any unencumbered balance on an accrual or modified accrual basis or any unexpended balance on a cash basis remaining to the credit of any appropriation shall lapse at the end of the fiscal year and shall revert to the available balance of the fund from which appropriated.
Nev. Rev. Stat. § 353.1466 — NV Code / Title 31 / Chapter 353 / Section 353.1466
Acceptance of credit cards, debit cards and electronic transfers of money: Entry of state agency into contract; entry of Director of Office of Finance into contracts for participating state agencies; reports by state agency that fails to enter or participate in contract
Status: in_force

1. Except as otherwise provided in subsection 2, a state agency shall seek and obtain the approval of the State Board of Finance to enter into a contract for the acceptance of credit cards, debit cards or electronic transfers of money pursuant to NRS 353.1465 unless it is impracticable for the agency to enter into such a contract.

2. The Director of the Office of Finance may enter into one or more contracts with issuers of credit cards or debit cards or operators of systems that provide for the electronic transfer of money to provide for the acceptance of credit cards, debit cards or electronic transfers of money by any state agency that chooses to participate in the contract. The Director must obtain approval of the State Board of Finance in the manner required pursuant to NRS 353.1465 for such a contract, and the contract is subject to the requirements of that section. If a state agency participates in such a contract, it is not required to seek and obtain approval to enter into a contract pursuant to subsection 1.

3. A state agency that has not entered into a contract pursuant to NRS 353.1465 or is not participating in a contract pursuant to subsection 2 shall report to the Legislative Commission and the Interim Finance Committee on or before July 1 of every even-numbered year concerning the reasons that the agency has failed to enter into or participate in such a contract, including any supporting financial information, and the efforts the agency is taking to allow it to enter into or participate in such a contract in the future.
Nev. Rev. Stat. § 353.175 — NV Code / Title 31 / Chapter 353 / Section 353.175
Qualifications of Chief of Budget Division
Status: in_force

1. The Chief shall have 4 years of responsible experience and education in accounting, public budget administration, governmental research, or in a related position involving administrative or financial responsibility, or any equivalent combination of experience or training.

2. The Chief shall be selected with special reference to his or her training, experience, capacity and interest in the activities embraced within NRS 353.150 to 353.246 , inclusive. The Chief’s knowledge and abilities should include the following: (a) A comprehensive knowledge of the principles and practices of public budgeting and governmental accounting, and a working knowledge of statistical methods. (b) An extensive knowledge of the organization and operations of state departments, agencies and institutions, and of statutes and regulations governing state budgeting and accounting. (c) An extensive knowledge of principles of public organization and administration. (d) Administrative ability in the direction of staff analyses of state budgetary and other operations, and in the maintenance of effective working relationships with all state officials concerned with budget administration. (e) The ability to organize and present clearly oral and written reports of findings and recommendations.
Nev. Rev. Stat. § 353C.176 — NV Code / Title 31 / Chapter 353C / Section 353C.176
Withholding of income: Notice to withhold binding on employer; employer may deduct amount for reimbursement of costs; delivery of withheld money by employer by check or electronic transfer
Status: in_force

1. A notice to withhold income pursuant to NRS 353C.171 is binding upon any employer of the person to whom it is mailed. To reimburse the employer for his or her costs in making the withholding, the employer may deduct $3 from the amount paid to the person each time the employer makes a withholding.

2. Except as otherwise provided in subsection 3: (a) An employer may deliver money withheld to the State Controller by check or electronic transfer of money. (b) If an employer receives notices to withhold income pursuant to NRS 353C.171 for more than one employee, the employer may consolidate the amounts of money that are payable to the State Controller and pay those amounts with one check, but the employer shall attach to each check a statement identifying by name and social security number each person for whom payment is made and the amount transmitted for that person.

3. If the provisions of NRS 353.1467 apply, the employer shall make payment to the State Controller by any method of electronic transfer of money allowed by the State Controller. If an employer makes such payment by electronic transfer of money, the employer shall transmit separately the name and appropriate identification number, if any, of each person for whom payment is made and the amount transmitted for that person.

4. As used in this section, “electronic transfer of money” has the meaning ascribed to it in NRS 353.1467 .
Nev. Rev. Stat. § 354.624 — NV Code / Title 31 / Chapter 354 / Section 354.624
Annual audit: Requirements; designation of auditor; scope and disposition; dissemination; prohibited provision in contract with auditor
Status: in_force

1. Each local government shall provide for an annual audit of all of its financial statements. A local government may provide for more frequent audits as it deems necessary. Except as otherwise provided in subsection 2, each annual audit must be concluded and the report of the audit submitted to the governing body as provided in subsection 6 not later than 5 months after the close of the fiscal year for which the audit is conducted. An extension of this time may be granted by the Department of Taxation to any local government that submits an application for an extension to the Department. If the local government fails to provide for an audit in accordance with the provisions of this section, the Department of Taxation shall cause the audit to be made at the expense of the local government. All audits must be conducted by a certified public accountant or by a partnership or professional corporation that is registered pursuant to chapter 628 of NRS .

2. The annual audit of a school district must: (a) Be concluded and the report submitted to the board of trustees as provided in subsection 6 not later than 4 months after the close of the fiscal year for which the audit is conducted. (b) If the school district has more than 150,000 pupils enrolled, include an audit of the expenditure by the school district of public money used: (1) To design, construct or purchase new buildings for schools or related facilities; (2) To enlarge, remodel or renovate existing buildings for schools or related facilities; and (3) To acquire sites for building schools or related facilities, or other real property for purposes related to schools.

3. The governing body may, without requiring competitive bids, designate the auditor or firm annually. The auditor or firm must be designated, and notification of the auditor or firm designated must be sent to the Department of Taxation not later than 3 months before the close of the fiscal year for which the audit is to be made.

4. Each annual audit must cover the business of the local government during the full fiscal year. It must be a financial audit conducted in accordance with generally accepted auditing standards in the United States, including findings on compliance with statutes and regulations and an expression of opinion on the financial statements. The Department of Taxation shall prescribe the form of the financial statements, and the chart of accounts must be as nearly as possible the same as the chart that is used in the preparation and publication of the annual budget. The report of the audit must include: (a) A schedule of all fees imposed by the local government which were subject to the provisions of NRS 354.5989 ; (b) A comparison of the operations of the local government with the approved budget, including a statement from the auditor that indicates whether the governing body has taken action on the audit report for the prior year; (c) If the local government is subject to the provisions of NRS 244.186 , a report showing that the local government is in compliance with the provisions of paragraphs (a) and (b) of subsection 1 of NRS 244.186 ; and (d) If the local government is subject to the provisions of NRS 710.140 or 710.145 , a report showing that the local government is in compliance with the provisions of those sections with regard to the facilities and property it maintains and the services it provides outside its territorial boundaries.

5. Each local government shall provide to its auditor: (a) A statement indicating whether each of the following funds established by the local government is being used expressly for the purposes for which it was created, in the form required by NRS 354.6241 : (1) An enterprise fund. (2) An internal service fund. (3) A fiduciary fund. (4) A self-insurance fund. (5) A fund whose balance is required by law to be: (I) Used only for a specific purpose other than the payment of compensation to a bargaining unit, as defined in NRS 288.134 ; or (II) Carried forward to the succeeding fiscal year in any designated amount. (b) A list and description of any property conveyed to a nonprofit organization pursuant to NRS 244.287 or 268.058 . (c) If the local government is subject to the provisions of NRS 244.186 , a declaration indicating that the local government is in compliance with the provisions of paragraph (c) of subsection 1 of NRS 244.186 . (d) If the local government is subject to the provisions of NRS 710.140 or 710.145 , a declaration indicating that the local government is in compliance with the provisions of those sections with regard to the facilities and property it maintains and the services it provides outside its territorial boundaries.

6. The opinion and findings of the auditor contained in the report of the audit must be presented at a meeting of the governing body held not more than 30 days after the report is submitted to it. Immediately thereafter, the entire report, together with the management letter required by generally accepted auditing standards in the United States or by regulations adopted pursuant to NRS 354.594 , must be filed as a public record with: (a) The clerk or secretary of the governing body; (b) The county clerk; (c) The Department of Taxation; and (d) In the case of a school district, the Department of Education.

7. After the report of the audit is filed by the local government, the report of the audit, including, without limitation, the opinion and findings of the auditor contained in the report of the audit, may be disseminated by or on behalf of the local government for which the report was prepared by inclusion, without limitation, in or on: (a) An official statement or other document prepared in connection with the offering of bonds or other securities; (b) A filing made pursuant to the laws or regulations of this State; (c) A filing made pursuant to a rule or regulation of the Securities and Exchange Commission of the United States; or (d) A website maintained by a local government on the Internet or its successor, without the consent of the auditor who prepared the report of the audit. A provision of a contract entered into between an auditor and a local government that is contrary to the provisions of this subsection is against the public policy of this State and is void and unenforceable.

8. If an auditor finds evidence of fraud or dishonesty in the financial statements of a local government, the auditor shall report such evidence to the appropriate level of management in the local government.

9. The governing body shall act upon the recommendations of the report of the audit within 3 months after receipt of the report, unless prompter action is required concerning violations of law or regulation, by setting forth in its minutes its intention to adopt the recommendations, to adopt them with modifications or to reject them for reasons shown in the minutes.
Nev. Rev. Stat. § 354.6015 — NV Code / Title 31 / Chapter 354 / Section 354.6015
Fiscal report of local government: Requirements; publication of summary; regulations
Status: in_force

1. Except as otherwise provided in subsection 3, the governing board of a local government shall: (a) Submit electronically a fiscal report of the local government to the Department of Taxation in accordance with the requirements prescribed by the Committee on Local Government Finance pursuant to subsection 2; and (b) Publish a summary of the fiscal report, which must contain the information required by the Committee on Local Government Finance pursuant to subsection 2, in a newspaper of general circulation in the county in which the local government is situated.

2. The Committee on Local Government Finance shall prescribe, by regulation: (a) The dates and times for filing a fiscal report, which must require a local government to file at least one fiscal report per year; (b) The content of a fiscal report, which must include, without limitation, revenues, expenditures, fund balances, cash balances, components of assessed value, debt schedules and any other information that the Committee on Local Government Finance determines to be appropriate for determining the financial status of a local government; (c) The content for a summary of a fiscal report that must be published pursuant to subsection 1; and (d) A uniform method for creating and submitting a fiscal report electronically pursuant to this section. The method must facilitate the storage and reproduction of the fiscal report in electronic format by the Department of Taxation.

3. The Committee on Local Government Finance may establish, by regulation, an exception to the requirement that a fiscal report be submitted to the Department of Taxation in electronic format. The exception must be limited to local governments that the Committee determines do not have the financial ability to comply with the method for submitting a fiscal report to the Department of Taxation prescribed by the Committee. If the Committee on Local Government Finance provides an exception pursuant to this subsection, the Committee shall provide, by regulation, specific standards that it will use to determine whether a local government qualifies for an exemption pursuant to this subsection.

4. The Committee on Local Government Finance shall adopt regulations pursuant to this section in the manner prescribed for state agencies in chapter 233B of NRS .
Nev. Rev. Stat. § 354.280 — NV Code / Title 31 / Chapter 354 / Section 354.280
Contents of monthly statement of county treasurer
Status: in_force

The county treasurer shall:

1. Keep a complete record of the source and amount of all receipts, apportionments to, payments from, and balances in all funds; and

2. Submit to the board of county commissioners each month at any regular or special meeting a statement containing the information required in subsection 1 for the previous month, giving the balance in each county, state and special fund, together with a statement of all money on deposit, outstanding checks against that money and cash on hand.
Nev. Rev. Stat. § 353.251 — NV Code / Title 31 / Chapter 353 / Section 353.251
State Agency Fund for Bonds
Status: in_force

The State Agency Fund for Bonds is hereby created as an agency fund. The Fund is a continuing fund without reversion. The State Controller may establish such accounts in the State Agency Fund for Bonds as are necessary to account properly for surety bonds or deposits held by the various agencies of the State. The money in the Fund must be paid out on claims as other claims against the State are paid.
Nev. Rev. Stat. § 355.167 — NV Code / Title 31 / Chapter 355 / Section 355.167
Local Government Pooled Investment Fund: Creation; administration; permissible investments; permissible loans; written request for withdrawal by local government; interest; regulations
Status: in_force

1. The Local Government Pooled Investment Fund is hereby created as an agency fund to be administered by the State Treasurer.

2. Any local government, as defined in NRS 354.474 , may deposit its money with the State Treasurer for credit to the Fund for purposes of investment.

3. The State Treasurer may invest the money of the Fund: (a) In securities which have been authorized as investments for a local government by any provision of NRS or any special law. (b) In time certificates of deposit in the manner provided by NRS 356.015 .

4. The State Treasurer may lend securities in which he or she invests pursuant to subsection 3 or NRS 355.165 if the State Treasurer receives collateral from the borrower in the form of cash or marketable securities that are: (a) Acceptable to the State Treasurer; and (b) At least 102 percent of the value of the securities borrowed. The State Treasurer may enter into such contracts as are necessary to extend and manage loans pursuant to this subsection.

5. Each local government that elects to deposit money with the State Treasurer for such an investment must: (a) Upon the deposit, inform the State Treasurer in writing how long a period the money is expected to be available for investment. (b) At the end of the period, notify the State Treasurer in writing whether it wishes to extend the period.

6. If a local government wishes to withdraw any of its money before the end of the period of investment, it must make a written request to the State Treasurer. Whenever the State Treasurer is required to sell or liquidate invested securities because of a request for early withdrawal, any penalties or loss of interest incurred must be charged against the deposit of the local government which requested the early withdrawal.

7. All interest received on money of the Fund must be deposited for credit to the Fund.

8. The State Treasurer may assess reasonable charges against the Fund for reimbursement of the expenses which he or she incurs in administering the Fund. The amount of the assessments must be transferred to an account within the State General Fund for use of the State Treasurer in carrying out the provisions of this section.

9. At the end of each quarter of each fiscal year, the State Treasurer shall: (a) Compute the proportion of the total deposits in the Fund which were attributable during the quarter to each local government; (b) Apply that proportion to the total amount of interest received during the quarter on invested money of the Fund; and (c) Pay to each participating local government or reinvest upon its instructions its proportionate share of the interest, as computed pursuant to paragraphs (a) and (b), less the proportionate amounts of the assessments for the expenses of administration.

10. The State Treasurer may adopt reasonable regulations to carry out the provisions of this section.
Nev. Rev. Stat. § 353.3241 — NV Code / Title 31 / Chapter 353 / Section 353.3241
Modified accrual or accrual basis of accounting to be used
Status: in_force

1. The modified accrual or accrual basis of accounting, as appropriate, must be utilized in measuring financial position and operating results.

2. Revenues and expenditures concerning governmental funds must be recognized on the modified accrual basis. Revenues must be recognized in the accounting period in which they become available and measurable. Expenditures must be recognized in the accounting period in which the liability of the fund is incurred, if measurable, except for unmatured interest on general long-term debt and on indebtedness secured by interest-bearing levies for special assessments, which must be recognized when due.

3. Revenues and expenses concerning proprietary funds must be recognized on the accrual basis. Revenues must be recognized in the accounting period in which they are earned and become measurable. Expenses must be recognized in the period incurred, if measurable.

4. Revenues and expenses or expenditures, as appropriate, concerning fiduciary funds must be recognized on the basis consistent with the objective for accounting measurement. Nonexpendable trust funds and funds held in trust for pensions must be accounted for on the accrual basis. Expendable trust funds must be accounted for on the modified accrual basis. Assets and liabilities of agency funds must be accounted for on the modified accrual basis.

5. Transfers must be recognized in the accounting period in which the relevant interfund receivables and payables arise.
Nev. Rev. Stat. § 353C.172 — NV Code / Title 31 / Chapter 353C / Section 353C.172
Withholding of income: Notice to person who is subject to withholding
Status: in_force

Not earlier than 15 days after sending the notice required pursuant to subsection 2 of NRS 353C.171 , if the State Controller intends to require each employer of a person to withhold income from the person's wages and pay it over to the State Controller in accordance with the provisions of NRS 353C.171 to 353C.179 , inclusive, the State Controller must provide to the person who is subject to the withholding of income a notice, sent by certified mail to the person's last known address:

1. That his or her income is going to be withheld not earlier than 15 days after the postmark of the notice sent pursuant to this section;

2. That a notice to withhold income applies to any current or subsequent employer;

3. That a notice to withhold income has been mailed to his or her employer;

4. Of the information provided to his or her employer pursuant to NRS 353C.174 ;

5. That he or she may contest the withholding pursuant to NRS 353C.173 ; and

6. Of the grounds and procedures for contesting the withholding.
Nev. Rev. Stat. § 354.5947 — NV Code / Title 31 / Chapter 354 / Section 354.5947
Annual report concerning capital improvements owned, leased or operated by local government: Compilation; requirements; submission to Department of Taxation; provision to Director of Legislative Counsel Bureau upon request
Status: in_force

1. In addition to the records and inventory controls established and maintained pursuant to NRS 354.625 , the governing body of each local government shall, for each fiscal year, compile a report concerning the capital improvements owned, leased or operated by the local government.

2. The report of the capital improvements required pursuant to subsection 1 must be prepared in such detail as is required by generally accepted accounting principles.

3. The governing body shall submit, in any format including an electronic format, a copy of the report compiled pursuant to subsection 1 on or before February 1 of the year next succeeding the period to which the report pertains to the Department of Taxation. The Department of Taxation shall provide a copy of the report compiled pursuant to subsection 1 to the Director of the Legislative Counsel Bureau upon his or her request.
Nev. Rev. Stat. § 353D.350 — NV Code / Title 31 / Chapter 353D / Section 353D.350
Nevada Employee Savings Trust: Creation; appointment of Trustee; investments; Board authorized to retain investment adviser; use of assets in Trust; assets in Trust must be held separately from assets of State; exemption from certain laws
Status: in_force

<Section effective July 1, 2025. >

1. The Nevada Employee Savings Trust is hereby created as an instrumentality of the State.

2. The Board shall appoint an institution qualified to act as a trustee of Individual Retirement Account trusts or an insurance company that issues annuity contracts pursuant to section 408 of the Internal Revenue Code , 26 U.S.C. § 408 , and licensed to do business in the State of Nevada to act as Trustee of the Trust.

3. The assets of Individual Retirement Accounts established or maintained for covered employees must be allocated to the Trust and may be combined for investment purposes. Trust assets must be managed and administered for the exclusive purposes of providing benefits to covered employees and defraying reasonable expenses of administering and managing the investments, Individual Retirement Accounts, Board, Program and Trust.

4. The Board shall establish within the Trust one or more investment funds, each pursuing an investment strategy and policy established by the Board. The underlying investments of each investment fund must be diversified so as to minimize the risk of large losses under any circumstances. The Board may, at any time or from time to time, add, replace or remove any investment fund.

5. The Board may allow covered employees to allocate assets of their Individual Retirement Accounts among such investment funds and, in such case, the Board also may designate an investment fund as a default investment for the Individual Retirement Accounts of covered employees who do not make an investment choice.

6. The Board, in consultation with such third-party professional investment advisers, managers or consultants as it may retain, shall select the underlying investments of each investment fund. Such underlying investments may include, without limitation, shares of mutual funds and exchange-traded funds, publicly traded equity and fixed-income securities and other investments available for investment by the Trust. An investment fund may not invest in any bond, debt instrument or other security issued by the State.

7. The Board may, in its discretion, retain an investment adviser to select and manage the investments of an investment fund on a discretionary basis, subject to the Board's ongoing review and oversight. An investment adviser retained pursuant to this subsection must be: (a) An investment adviser registered as such under the Investment Advisers Act of 1940, 15 U.S.C. §§ 80b-1 et seq. ; or (b) A bank or other institution exempt from registration under the Investment Advisers Act.

8. The Trustee shall be subject to directions of the Board or of an investment adviser pursuant to this section and shall otherwise have no responsibility for the selection, retention or disposition of the investments or assets of the Trust.

9. The assets of the Trust must at all times be preserved, invested and expended solely for the purposes of the Trust and no property rights therein shall exist in favor of the State or any covered employer. Trust assets must not be transferred or used by the State for any purposes other than the purposes of the Trust or paying the expenses of operating the Program. Amounts deposited with the Trustee do not constitute property of the State and must not be commingled with state money and the State has no claim to or against, or interest in, the assets of the Trust.

10. The assets of the Trust must at all times be held separate and apart from the assets of the State. The State, Program, Board, any member of the Board or any covered employer shall not guaranty any investment, rate of return, or interest on amounts held in the Trust, an investment fund or any Individual Retirement Account. The State, Program, Board, any member of the Board or any covered employer is not liable for any losses incurred by Trust investments or otherwise by any covered employee or other person as a result of participating in the Program.

11. The provisions of chapter 90 of NRS, the Uniform Securities Act, do not apply to the Trust, any investment fund or any interest held by an Individual Retirement Account in the Trust or such investment fund.

12. The Trust and each investment fund are exempt from all taxation by this State and any political subdivision thereof.
Nev. Rev. Stat. § 353.3027 — NV Code / Title 31 / Chapter 353 / Section 353.3027
“Expenditure” defined
Status: in_force

“Expenditure” means the cost of goods delivered or services rendered, whether paid or unpaid, any provision for debt retirement not reported as a liability of the fund from which retired, and any capital outlays. For financial reporting, the term does not include an encumbrance.
Nev. Rev. Stat. § 354.59889 — NV Code / Title 31 / Chapter 354 / Section 354.59889
Limitations on fees applicable to public utilities: Change of fees
Status: in_force

1. A city or county shall not change any of its fees except through the adoption of an ordinance which provides that the change does not become effective until at least 90 days after the city or county complies with the provisions of subsection 3 of NRS 354.59885 .

2. The cumulative amount of any increases in fees imposed by a city or county during any period of 24 months must not exceed 1 percent of the gross revenue of any public utility to which the increase applies from customers located within the jurisdiction of that city or county.
Nev. Rev. Stat. § 353D.160 — NV Code / Title 31 / Chapter 353D / Section 353D.160
“Trust” defined
Status: in_force

<Section effective July 1, 2025. >

“ Trust ” means the Nevada Employee Savings Trust created pursuant to section 26 of this act and each Individual Retirement Account trust or annuity contract allocated to the Nevada Employee Savings Trust pursuant to NRS 353D.350 .
Nev. Rev. Stat. § 353D.180 — NV Code / Title 31 / Chapter 353D / Section 353D.180
Construction of chapter
Status: in_force

<Section effective July 1, 2025. >

This chapter, being necessary to secure the public health, safety, convenience and welfare, must be liberally construed to effect its purposes.
Nev. Rev. Stat. § 353B.170 — NV Code / Title 31 / Chapter 353B / Section 353B.170
Annual report
Status: in_force

The Board shall:

1. Prepare an annual report setting forth in appropriate detail an accounting of the Trust Fund and a description of the financial condition of the Trust Fund at the close of each fiscal year, including, without limitation, a statement of projected receipts, disbursements and operating costs of the Trust Fund.

2. Submit the report prepared pursuant to subsection 1 on or before March 31 of each year: (a) In odd-numbered years, to the Governor, the Senate Standing Committee on Finance and the Assembly Standing Committee on Ways and Means. (b) In even-numbered years, to the Governor and the Interim Finance Committee.
Nev. Rev. Stat. § 355.020 — NV Code / Title 31 / Chapter 355 / Section 355.020
Salary for appointive members; compensation for members and employees
Status: in_force

1. The two members appointed by the Governor are each entitled to receive a salary of not more than $80 per day, as fixed by the State Board of Finance, for their services while actually engaged in the performance of their duties as members of the Board.

2. While engaged in the business of the Board, each member and employee of the Board is entitled to receive the per diem allowance and travel expenses provided for state officers and employees generally.
Nev. Rev. Stat. § 353.570 — NV Code / Title 31 / Chapter 353 / Section 353.570
State Treasurer authorized to take appropriate actions to facilitate agreements
Status: in_force

The State Treasurer may take such actions as he or she deems appropriate to facilitate an agreement pursuant to NRS 353.500 to 353.630 , inclusive, including, without limitation:

1. Entering into contracts for relevant professional services;

2. Obtaining credit enhancement and interest rate hedges; and

3. Assisting with the offering of certificates of participation pursuant to the limitations set forth in NRS 353.550 .
Nev. Rev. Stat. § 356.360 — NV Code / Title 31 / Chapter 356 / Section 356.360
Amount of required collateral; limitation on amount of public money held; reports; administrative fine
Status: in_force

The program established pursuant to NRS 356.350 must provide that:

1. Each depository that participates in the program is required to maintain as collateral acceptable securities having a fair market value that is at least 102 percent of the amount of the uninsured balances of the public money held by the depository;

2. A depository shall satisfy the requirement set forth in subsection 1 by arranging for a third-party depository to hold acceptable securities on behalf of the depository for the benefit of a collateral pool pursuant to regulations adopted by the State Treasurer under NRS 356.390 ;

3. No depository that participates in the program may, at any one time, hold public money in an amount exceeding the total equity of the depository, as reflected on the financial statement of the depository;

4. Each depository that participates in the program is required to: (a) Submit to the State Treasurer, in the form and manner prescribed by the State Treasurer, the following reports: (1) A daily report of the total amount of public money held by the depository; (2) If requested by the State Treasurer, a weekly summary report of the total fair market value of acceptable securities held by a third-party depository on behalf of the depository; (3) A monthly report setting forth a list of accounts at the depository that hold public money; and (4) A current annual report containing the financial statement of the depository; and (b) Direct any third-party depository that holds acceptable securities on behalf of the depository to submit a monthly report to the State Treasurer setting forth a list of those securities, including, without limitation, the fair market value of those securities; and

5. The State Treasurer may impose an administrative fine not to exceed: (a) One hundred dollars per day against a depository that fails to submit or fails to direct the submission of in a timely manner a report required by subsection 4; and (b) Two hundred fifty dollars per day against a depository that fails to maintain the collateral required by subsection 1.
Nev. Rev. Stat. § 353.195 — NV Code / Title 31 / Chapter 353 / Section 353.195
Examination of public accounts
Status: in_force

The Chief may:

1. Examine all public accounts of agencies in the Executive Department of the State Government.

2. Administer an oath to and examine under oath, when the Chief deems it necessary, any public official in the Executive Department of the State Government in relation to or concerning his or her books and accounts.
Nev. Rev. Stat. § 353.2755 — NV Code / Title 31 / Chapter 353 / Section 353.2755
Requests for grants and loans: Conditions; contents; procedure for review of requests; recommendation of State Board of Examiners
Status: in_force

1. Not later than 60 days after the Governor, in the case of a notice by a state agency, or the governing body of a local government determines that an event constitutes a disaster, a state agency or local government may submit to the Division a written notice of the state agency's or local government's intention to request a grant or loan from the Account as provided in NRS 353.2705 to 353.2771 , inclusive, if: (a) The agency or local government finds that, because of a disaster, it is unable to pay for an expense or grant match specified in NRS 353.274 , 353.2745 or 353.2751 from money appropriated or otherwise available to the agency or local government; (b) The request has been approved by the chief administrative officer of the state agency or the governing body of the local government; and (c) If the requester is an incorporated city, the city has requested financial assistance from the county and was denied all or a portion of the requested assistance.

2. Not later than 10 working days after it receives a notice from a state agency or local government pursuant to subsection 1, the Division shall forward a copy of the notice to the State Board of Examiners and the Fiscal Analysis Division of the Legislative Counsel Bureau.

3. A request by a state agency or local government for a grant or loan from the Account: (a) Must be submitted to the Division and the Department of Taxation not later than 18 months after the Governor, in the case of a request by a state agency, or the governing body of the local government determines that an event constitutes a disaster, unless the Chief of the Division grants an extension of time; and (b) Must include: (1) A statement specifying whether the request is for a grant or loan and setting forth the amount of money requested by the state agency or local government; (2) An assessment of the need of the state agency or local government for the money requested; (3) If the request is submitted by a local government that has established a fund pursuant to NRS 354.6115 to mitigate the effects of a natural disaster, a statement of the amount of money that is available in that fund, if any, for the payment of expenses incurred by the local government as a result of a disaster; (4) A determination of the type, value and amount of resources the state agency or local government may be required to provide as a condition for the receipt of a grant or loan from the Account; (5) A written report of damages prepared by the Division and the written determination made by the Division that the event constitutes a disaster pursuant to NRS 353.2753 ; and (6) If the requester is an incorporated city, all documents which relate to a request for assistance submitted to the board of county commissioners of the county in which the city is located. Any additional documentation relating to the request that is requested by the Division or the Department of Taxation must be submitted to the Division or the Department, as the case may be, within 10 working days after the date of the Division's or the Department's request unless the Chief of the Division or the Executive Director of the Department, as applicable, or his or her designee, grants an extension.

4. Not later than 60 days after the Division receives a request for a grant or loan and receives any additional information requested by the Division, the Division shall: (a) Except as otherwise provided in this subsection, review the request to determine whether it contains the information necessary for the State Board of Examiners and the Interim Finance Committee to act upon the request and otherwise complies with the requirements of NRS 353.2705 to 353.2771 , inclusive; (b) Prepare a written report of the determination required by paragraph (a); (c) Submit a copy of the request and its report to the State Board of Examiners and to the Fiscal Analysis Division of the Legislative Counsel Bureau; and (d) Provide a copy of its report to the state agency or local government, as applicable, and the Department of Taxation. The Division shall coordinate its review of the request with the Department of Taxation to ensure, to the extent practicable, that the Division's review does not duplicate the review conducted by the Department pursuant to subsection 5.

5. Not later than 60 days after the Department of Taxation receives a request for a grant or loan and receives any additional information requested by the Department, the Department shall: (a) Review any financial information submitted in support of the request which the Department believes to be relevant, including, without limitation: (1) The report of damages prepared by the Division pursuant to NRS 353.2753 ; (2) Information relating to the expenses for which the grant or loan is requested; (3) If the requester is a local government and is requesting a loan, information relating to the current ability of the local government to meet its financial obligations; and (4) If the requester is a local government and is requesting a grant or loan for the payment of any grant match described in NRS 353.2745 or 353.2751 , information relating to the grant or grant match; (b) Prepare a written report of its findings; (c) Submit a copy of its report to the State Board of Examiners and to the Fiscal Analysis Division of the Legislative Counsel Bureau; and (d) Provide a copy of the report to the state agency or local government, as applicable, and the Division.

6. Upon its receipt of a request for a grant or loan submitted pursuant to this section and the reports of the Division and the Department of Taxation relating to the request, the State Board of Examiners: (a) Shall consider the request and the reports; and (b) May require any additional information that it determines is necessary to make a recommendation.

7. If the State Board of Examiners finds that a grant or loan is appropriate, it shall include in its recommendation to the Interim Finance Committee the proposed amount of the grant or loan. If the State Board of Examiners recommends a grant, it shall include a recommendation regarding whether or not the state agency or local government requires an advance to avoid severe financial hardship. If the State Board of Examiners recommends a loan for a local government, it shall include the information required pursuant to subsection 1 of NRS 353.2765 . If the State Board of Examiners finds that a grant or loan is not appropriate, it shall include in its recommendation the reason for its determination.

8. The provisions of this section do not prohibit a state agency or local government from submitting more than one request for a grant or loan from the Account.

9. As used in this section, the term “natural disaster” has the meaning ascribed to it in NRS 354.6115 .
Nev. Rev. Stat. § 354.594 — NV Code / Title 31 / Chapter 354 / Section 354.594
Committee on Local Government Finance to determine and advise local governments of regulations, procedures and report forms
Status: in_force

The Committee on Local Government Finance shall determine and advise local government officers of regulations, procedures and report forms for compliance with NRS 354.470 to 354.626 , inclusive.
Nev. Rev. Stat. § 353D.070 — NV Code / Title 31 / Chapter 353D / Section 353D.070
“Covered employer” defined
Status: in_force

<Section effective July 1, 2025. >

“ Covered employer ” means an employer that:

1. Employs more than five persons in this State;

2. Has been in business for at least 36 months; and

3. Has not maintained a tax-favored retirement plan for its employees or has not done so in an effective form and operation at any time within the current calendar year or 3 immediately preceding calendar years.
Nev. Rev. Stat. § 354.562 — NV Code / Title 31 / Chapter 354 / Section 354.562
“Revenue” defined
Status: in_force

“ Revenue ” means the gross receipts and receivables of a local government derived from taxes and all other sources except from appropriations and allotments.
Nev. Rev. Stat. § 353.075 — NV Code / Title 31 / Chapter 353 / Section 353.075
Report to be filed following count
Status: in_force

1. When the count of state money, funds and securities is completed, the Legislative Auditor shall make a report and file it in the Office of the Secretary of State. When filed with the Secretary of State, the report is a public record.

2. The report must show separately: (a) The actual amount of money in the State Treasury in the custody of the State Treasurer. (b) The amounts on deposit, listing each depository bank, credit union, savings and loan association or savings bank and the amounts on deposit. (c) Lists of all state-owned securities in the State Treasury which are in the custody of the State Treasurer or in depository banks, credit unions, savings banks or insured savings and loan associations. (d) A statement of securities deposited with the State Treasurer for safekeeping showing the total value of the securities, the department or commission for whom the State Treasurer holds the securities, and the purpose for which the securities were obtained.
Nev. Rev. Stat. § 353.2715 — NV Code / Title 31 / Chapter 353 / Section 353.2715
“Eligible project” defined
Status: in_force

“ Eligible project ” means a project that:

1. Is related to a disaster; and

2. Is proposed, coordinated or conducted by a public or nonprofit private entity that has been designated and approved as qualifying and eligible to receive federal grant money for the disaster from a federal agency.
Nev. Rev. Stat. § 353C.1965 — NV Code / Title 31 / Chapter 353C / Section 353C.1965
State Controller required to establish and maintain list of persons who owe debt assigned for collection; licensing agency required to provide certain information to State Controller; notification; information shared between State Controller and licensing agency not public record; immunity from liability for licensing agency; regulations
Status: in_force

1. The State Controller shall establish and maintain a list of persons who owe a debt to an agency that has been assigned to the State Controller for collection pursuant to NRS 353C.195 .

2. A licensing agency shall provide to the State Controller: (a) The name, address and social security number or employer identification number, as applicable, of each licensee; and (b) The business identification number of the licensee, if the licensee has a state business license.

3. A licensing agency shall provide the information described in subsection 2: (a) On or before February 1 of each year for licensees who renewed licenses from July 1 through December 31 of the previous calendar year; or (b) On or before August 1 of each year for licensees who renewed licenses from January 1 through June 30 of the current calendar year.

4. If the State Controller determines that the name of any licensee appears on the list established by the State Controller pursuant to subsection 1, the State Controller shall send a written notice to the licensee, which includes, without limitation: (a) The amount of the debt; (b) A request for payment of the debt; (c) Notification that the licensee may enter into an agreement with the State Controller pursuant to NRS 353C.130 for the payment of the debt; (d) Notification that the licensee must respond to the notice within 30 days after the date on which the notice was sent; (e) Notification that the licensee may request a hearing to determine the validity of the debt not later than 30 days after the date on which the notice was sent; and (f) Notification that the licensing agency is prohibited from renewing the license of the licensee unless the licensee pays the debt, enters into an agreement for the payment of the debt pursuant to NRS 353C.130 or demonstrates to the State Controller that the debt is not valid.

5. The State Controller shall notify the licensing agency if the licensee does not pay the debt that has been assigned to the State Controller for collection, enter into an agreement for the payment of the debt pursuant to NRS 353C.130 or demonstrate that the debt is not valid. A licensing agency shall not renew the license of the licensee who is the subject of the notification until the State Controller notifies the licensing agency that the licensee has: (a) Satisfied the debt; (b) Entered into an agreement for the payment of the debt pursuant to NRS 353C.130 ; or (c) Demonstrated that the debt is not valid.

6. Information shared between the State Controller and a licensing agency to carry out the provisions of this section is not a public record.

7. A licensing agency may not be held liable in any civil action for any action taken by the licensing agency in good faith to comply with the provisions of this section.

8. The State Controller shall verify with the Secretary of State the information related to the state business license of each licensee.

9. The State Controller shall adopt such regulations as the State Controller determines necessary or advisable to carry out the provisions of this section.

10. As used in this section: (a) “ License ” means a state business license or any license, certification, registration, permit or other authorization that grants a person the authority to engage in a profession or occupation in this State. (b) “ Licensee ” means a person to whom a license has been issued. (c) “ Licensing agency ” means the Secretary of State or any agency, board or commission that regulates an occupation or profession except for the Department of Motor Vehicles, the Division of Insurance of the Department of Business and Industry, the Commissioner of Insurance or any local government. (d) “State business license” has the meaning ascribed to it in NRS 76.030 .
Nev. Rev. Stat. § 353.3115 — NV Code / Title 31 / Chapter 353 / Section 353.3115
“Reversion” defined
Status: in_force

“Reversion” as applied to an appropriation means the return of the unused amount of an appropriation to the fund from which appropriated.
Nev. Rev. Stat. § 355.265 — NV Code / Title 31 / Chapter 355 / Section 355.265
“Venture capital” defined
Status: in_force

“ Venture capital ” means equity, near-equity and seed capital financing, including, without limitation, early stage research and development capital for start-up enterprises, and other equity, near-equity or seed capital for growth and expansion of entrepreneurial enterprises.
Nev. Rev. Stat. § 354.6117 — NV Code / Title 31 / Chapter 354 / Section 354.6117
Limitation on amount of money transferred to certain funds; exception
Status: in_force

1. Except as otherwise provided in subsection 2, the total amount of money which may be transferred in a fiscal year from the general fund of a local government to the funds established pursuant to NRS 354.6113 and 354.6115 must not exceed 10 percent of the total amount of the budgeted expenditures of the general fund, plus any money transferred from the general fund, other than the money transferred to those funds, for that fiscal year.

2. Any money that a local government, pursuant to NRS 354.6116 , deposits in or transfers to one or more of the funds established by the local government pursuant to NRS 354.6113 or 354.6115 : (a) Is not subject to the limitation on the amount of money that a local government may transfer to those funds pursuant to subsection 1. (b) Must not be included in the determination of the total amount of money transferred to those funds for the purposes of the limitation set forth in subsection 1.
Nev. Rev. Stat. § 354.760 — NV Code / Title 31 / Chapter 354 / Section 354.760
Notice to debtor of required payee of negotiable instrument
Status: in_force

1. All invoices or other notices issued by a local government to collect an account receivable must state that if the debtor wishes to pay by check or other negotiable instrument, such negotiable instrument must name as payee: (a) The local government; or (b) The title of the governmental official charged by law with the collection of such accounts. In no event may the invoice or other notice state that a check or other negotiable instrument may name a natural person as payee.

2. Notwithstanding the provisions of subsection 1, a local government may deposit into the appropriate account a check or other negotiable instrument which it determines is intended as payment for an account receivable.

3. As used in this section, “ local government ” means every political subdivision or other entity which has the right to levy or receive money from ad valorem taxes or other taxes or from any mandatory assessments, including, without limitation, counties, cities, towns, boards, authorities, school districts and other districts organized pursuant to chapters 244, 244A, 318, 318A, 379, 439, 450, 474, 539, 541, 543 and 555 of NRS.
Nev. Rev. Stat. § 353A.075 — NV Code / Title 31 / Chapter 353A / Section 353A.075
Agency to make records available to Division; limitation
Status: in_force

1. Except as otherwise provided in subsection 2, upon the request of the Administrator or the Administrator’s authorized representative, all officers and employees of each executive branch agency shall make available to the Division all books, accounts, claims, reports, vouchers or other records of information, confidential or otherwise, in the possession or control of the agency.

2. This section does not authorize the Administrator or the Administrator’s authorized representative to have access to any books, accounts, claims, reports, vouchers or other records or information of any business or activity which NRS 665.130 and 668.085 require to be kept confidential.