reglab/statecodes huggingface dataset:
2023 Nevada Revised Statutes › Chapter 354 - Local Financial Administration › NRS 354.609 - Petty cash, imprest or revolving account.

1. The governing body of any local government may, by resolution, establish one or more petty cash accounts, imprest accounts or revolving accounts in a bank or credit union to assist in the administration of any activities in which the local government is authorized by law to engage.
2. A resolution establishing any petty cash account, imprest account or revolving account in a bank or credit union shall, in detail, set forth the following:
(a) The object and purpose of the account.
(b) The source of money to be used to establish and maintain the account.
(c) The method of controlling expenditures from the account.
(d) The maximum dollar amount of any single expenditure.
3. Payments made out of any such accounts in accordance with the establishing resolution may be made directly without approval of the governing body of any local government.
4. Reimbursement of any such petty cash, imprest or revolving accounts must be made no less often than monthly. The reimbursement must be supported by proper evidences of expenditures made from the account and must be approved by the governing body in the same manner as other claims against the fund to which the reimbursement is to be charged.
(Added to NRS by 1973, 1080; A 1975, 369; 1999, 1475)
2023 Nevada Revised Statutes › Chapter 354 - Local Financial Administration › NRS 354.6105 - Fund for extraordinary maintenance, repair or improvement of capital projects.

1. A local government may establish a fund for the extraordinary maintenance, repair or improvement of capital projects.
2. Any interest and income earned on the money in the fund in excess of any amount which is reserved for rebate payments to the Federal Government pursuant to 26 U.S.C. § 148, as amended, or is otherwise required to be applied in a specific manner by the Internal Revenue Code of 1986, as amended, must be credited to the fund.
3. Except as otherwise provided in NRS 374A.020, the money in the fund may be used only for the extraordinary maintenance, repair or improvement of capital projects or facilities that replace capital projects of the entity that made the deposits in the fund. The money in the fund at the end of the fiscal year may not revert to any other fund or be a surplus for any purpose other than the purpose specified in this subsection.
4. As used in this section, "extraordinary maintenance, repair or improvement" means all expenses ordinarily incurred not more than once every 5 years to maintain a local governmental facility or capital project in a fit operating condition.
(Added to NRS by 1995, 2552; A 1997, 56; 2001, 1807, 2323; 2003, 162)
2023 Nevada Revised Statutes › Chapter 354 - Local Financial Administration › NRS 354.6113 - Fund for construction of capital projects.

1. The governing body of a local government may, by resolution, establish a fund for the construction of capital projects.
2. Any interest or income earned on money in the fund in excess of any amount which is reserved for rebate payments to the Federal Government pursuant to 26 U.S.C. § 148, as amended, or is otherwise required to be applied in a specific manner by the Internal Revenue Code of 1986, as amended, must be credited to the fund.
3. The money in the fund must be used only for the construction of capital projects which are included in the plan for capital improvement of the local government prepared pursuant to NRS 350.013. The money in the fund at the end of the fiscal year may not revert to any other fund or be a surplus for any purpose other than the purpose specified in this subsection.
4. The annual budget and audit report of the local government prepared pursuant to NRS 354.624 must specifically identify the fund and:
(a) Indicate in detail the capital projects that have been constructed with money from the fund;
(b) Specify the amount of money, if any, that will be deposited in the fund for the next fiscal year;
(c) Specify any proposed capital projects that will be constructed with money from the fund during the next fiscal year; and
(d) Identify any planned accumulation of the money in the fund.
The audit report must include a statement by the auditor whether the local government has complied with the provisions of this subsection.
(Added to NRS by 1995, 2551)
2023 Nevada Revised Statutes › Chapter 354 - Local Financial Administration › NRS 354.6116 - Revenue from taxes ad valorem from lessee or user of certain taxable property to be deposited in or transferred to certain funds.

A local government, except a school district, that receives revenue from taxes ad valorem from a lessee or user of property which is taxable pursuant to NRS 361.157 or 361.159 shall deposit the revenue in or transfer the revenue to one or more of the funds established by the local government pursuant to NRS 354.6113 or 354.6115 and use that revenue only for the purposes authorized by those sections if the revenue was received in:
1. A fiscal year after the fiscal year the taxes were owed; or
2. The fiscal year the taxes are owed and the taxes were excluded from the estimate of revenue from taxes ad valorem for the local government pursuant to NRS 354.597.
(Added to NRS by 1997, 1113; A 2001, 1809)
2023 Nevada Revised Statutes › Chapter 354 - Local Financial Administration › NRS 354.6117 - Limitation on amount of money transferred to certain funds; exception.

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.
(Added to NRS by 1995, 2553; A 1997, 1113; 2001, 1809)
2023 Nevada Revised Statutes › Chapter 354 - Local Financial Administration › NRS 354.6118 - Interfund loans or loans to other local governments: Public hearing required.

Before making an interfund loan or loaning money to another local government, the governing body of the local government that wishes to make the loan must:
1. Determine at a public hearing that:
(a) A sufficient amount of money is available for the loan and that money is not restricted as to its use; and
(b) The loan of the money will not compromise the economic viability of the fund from which the money is loaned; and
2. Establish at the public hearing conducted pursuant to subsection 1:
(a) The amount of time the money will be on loan from the fund;
(b) The terms and conditions for repaying the loan; and
(c) The rate of interest, if any, to be charged for the loan.
(Added to NRS by 2001, 1497; A 2003, 52)
2023 Nevada Revised Statutes › Chapter 354 - Local Financial Administration › NRS 354.612 - Establishment of one or more funds by resolution required; contents of resolution; accounting requirements; copy of resolution to be provided to Department of Taxation; proprietary funds; enterprise funds.

1. A local government shall establish by resolution one or more funds. The resolution establishing the fund must set forth in detail:
(a) The object or purpose of the fund;
(b) The resources to be used to establish the fund;
(c) The source or sources from which the fund will be replenished;
(d) The method for controlling expenses and establishing revenues of the fund; and
(e) The method by which a determination will be made as to whether the balance, reserve or retained earnings of the fund are reasonable and necessary to carry out the purpose of the fund.
2. Financial statements and other schedules required for funds must be prepared in accordance with generally accepted accounting principles.
3. Upon adoption of a resolution establishing a fund, a local government shall provide an executed copy of the resolution to the Department of Taxation.
4. In establishing a proprietary fund, a local government shall, besides furnishing working capital for the fund, provide that one of its financial objectives is to recover the complete costs of operation of the activity being financed, including overhead, without producing any significant amount of profit in the long run.
5. Each enterprise fund established must account for all charges properly related to the purpose of the enterprise fund, including, without limitation, debt service, capital outlay and operating expenses. Upon dissolution of the enterprise fund, no transfer of equity that may be made available to other funds or functions may be declared until after all proper obligations have been charged against the enterprise fund.
(Added to NRS by 1965, 734; A 1971, 201; 1981, 1767; 1991, 390; 2001, 1810; 2005, 579)
2023 Nevada Revised Statutes › Chapter 354 - Local Financial Administration › NRS 354.616 - Adjustment of expenses and revenues.

1. A local governing body may provide for the adjustment of expenses as defined by NRS 354.470 to 354.626, inclusive. Receipts from adjustment of expenses shall be credited to the governmental function to which the reimbursed expense was originally charged.
2. A local governing body may provide for the adjustment of revenues as defined by NRS 354.470 to 354.626, inclusive. Disbursements for adjustment of revenues shall be charged to the revenue account to which the refunded revenue was originally credited.
(Added to NRS by 1965, 735; A 1971, 1015, 1344)
2023 Nevada Revised Statutes › Chapter 354 - Local Financial Administration › NRS 354.620 - Unencumbered balance of appropriation lapses at end of fiscal year; reversion to fund.

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.
(Added to NRS by 1965, 735; A 2001, 1810)
2023 Nevada Revised Statutes › Chapter 354 - Local Financial Administration › NRS 354.6215 - Limitation on use of reserves or balances of funds created to insure risks.

Except as otherwise provided in NRS 354.6241, if a local government provides a fund for self-insurance of property, for any form of insurance for the benefit of its employees, or for any other risk that it is permitted by law to assume, the reserves or balance of a fund thus provided must not be expended for any purpose other than that for which the fund was established, except that when the governing body deems the reserve or balance to be no longer required, either in whole or in part, it shall transfer the excess balance to the general fund of the local government. Any such transfer must be reported to the Department of Taxation within 30 days. Money so transferred is not available as a basis for augmentation of the local government’s budget during the year of transfer.
(Added to NRS by 1981, 310; A 1995, 1934)
2023 Nevada Revised Statutes › Chapter 354 - Local Financial Administration › NRS 354.6241 - Contents of statement provided by local government to auditor; expenditure of excess reserves in certain funds; restrictions on use of budgeted ending fund balance in certain circumstances.

1. The statement required by paragraph (a) of subsection 5 of NRS 354.624 must indicate for each fund set forth in that paragraph:
(a) Whether the fund is being used in accordance with the provisions of this chapter.
(b) Whether the fund is being administered in accordance with generally accepted accounting procedures.
(c) Whether the reserve in the fund is limited to an amount that is reasonable and necessary to carry out the purposes of the fund.
(d) The sources of revenues available for the fund during the fiscal year, including transfers from any other funds.
(e) The statutory and regulatory requirements applicable to the fund.
(f) The balance and retained earnings of the fund.
2. Except as otherwise provided in subsections 3 and 4 and NRS 354.59891 and 354.613, to the extent that the reserve in any fund set forth in paragraph (a) of subsection 5 of NRS 354.624 exceeds the amount that is reasonable and necessary to carry out the purposes for which the fund was created, the reserve may be expended by the local government pursuant to the provisions of chapter 288 of NRS.
3. For any local government other than a school district, for the purposes of chapter 288 of NRS, a budgeted ending fund balance of not more than 16.67 percent of the total budgeted expenditures, less capital outlay, for a general fund:
(a) Is not subject to negotiations with an employee organization; and
(b) Must not be considered by a fact finder or arbitrator in determining the financial ability of the local government to pay compensation or monetary benefits.
4. For a school district, for the purposes of chapter 288 of NRS:
(a) A budgeted ending fund balance of not more than 12 percent of the total budgeted expenditures for a county school district fund:
(1) Is not subject to negotiations with an employee organization; and
(2) Must not be considered by a fact finder or arbitrator in determining the financial ability of the local government to pay compensation or monetary benefits; and
(b) Any portion of a budgeted ending fund balance which exceeds 16.6 percent of the total budgeted expenditures for a county school district fund:
(1) Is not subject to negotiations with an employee organization; and
(2) Must not be considered by a fact finder or arbitrator in determining the financial ability of the local government to pay compensation or monetary benefits.
(Added to NRS by 1995, 1934; A 2001, 387, 1812; 2011, 1690; 2015, 2967; 2019, 3608, 4240; 2021, 1137; 2023, 4)
2023 Nevada Revised Statutes › Chapter 354 - Local Financial Administration › NRS 354.6245 - Review of annual audits by Department of Taxation; referral of accountant who issued noncompliant audit to Nevada State Board of Accountancy; plan of correction of violations.

1. The Department of Taxation shall review each annual audit to determine whether it complies with regulations adopted pursuant to NRS 354.594. Any independent auditor’s report, whether upon financial position and results of operations or upon internal financial controls, which the Department believes may not comply with those regulations must be referred by the Department to the Nevada State Board of Accountancy for investigation and such action in respect to the issuing accountant as the Board may find appropriate in the circumstances.
2. In its review of the annual audits submitted, the Department shall identify all violations of statute and regulation reported therein. Within 60 days after the delivery of the annual audit to the local government, the governing body shall advise the Department what action has been taken to prevent recurrence of each violation of law or regulation or to correct each continuing violation. The Department shall evaluate the local government’s proposed plan of correction and, if the plan is satisfactory, shall so advise the governing body. If the plan is not satisfactory, the Department shall advise the governing body that it deems the plan inadequate and propose an alternative plan. Within 30 days thereafter the governing body shall report its assent to the Department’s plan or request a hearing before the Nevada Tax Commission. This hearing must be held at the next meeting of the Commission, but the hearing must not be held more than 90 days after such a request is received. The determination of the Nevada Tax Commission is final.
3. If the governing body fails to submit a proposed plan of correction pursuant to subsection 2, or the Executive Director of the Department of Taxation determines that the plan established is not being complied with, he or she must, through the Office of the Attorney General, seek a writ from a court of competent jurisdiction to compel compliance.
(Added to NRS by 1981, 310; A 1983, 252)
2023 Nevada Revised Statutes › Chapter 354 - Local Financial Administration › NRS 354.625 - Records relating to property and equipment; control of inventory.

The governing body of every local government shall:
1. Cause to be established and maintained adequate property and equipment records and, where appropriate, adequate inventory controls. Any local government created after July 1, 1975, shall establish such records and controls within 1 year after its creation unless the Department of Taxation grants an extension of time.
2. Require that all such property, equipment and inventory records clearly indicate specific ownership.
3. Designate, by entry in the minutes of the governing body, the officer, employee or officers or employees responsible for the maintenance of property and equipment records and, where appropriate, inventory records, and notify the Department of Taxation of such designation.
(Added to NRS by 1967, 940; A 1975, 157, 1689)
2023 Nevada Revised Statutes › Chapter 354 - Local Financial Administration › NRS 354.6256 - Use of proceeds of certain obligations to pay operating expenses prohibited; exceptions.

The proceeds from any obligation issued by a local government that has a term which is more than 1 year must not be used to pay operating expenses, except that:
1. The proceeds of any obligation issued to construct or acquire a facility may be used to pay operating expenses for the period provided in subsection 7 of NRS 350.516.
2. The proceeds of a medium-term obligation issued by a local government with respect to which the Nevada Tax Commission has determined that a severe financial emergency exists pursuant to NRS 354.685 may be used to pay operating expenses with the approval of the Executive Director of the Department of Taxation.
(Added to NRS by 2001, 2318)
2023 Nevada Revised Statutes › Chapter 354 - Local Financial Administration › NRS 354.655 - Definitions.

As used in NRS 354.655 to 354.725, inclusive, unless the context requires otherwise:
1. "Basic function" means an activity of a local government for the purpose of accomplishing a primary service or function of the local government, including, without limitation, those services and functions relating to general governance, public safety, public works, public health, public welfare and judicial services or functions for which the local government is responsible.
2. "Commission" means the Nevada Tax Commission.
3. "Committee" means the Committee on Local Government Finance.
4. "Department" means the Department of Taxation.
5. "Executive Director" means the Executive Director of the Department.
6. "Fiscal watch" means the monitoring of a local government pursuant to a notice issued pursuant to subsection 1 of NRS 354.675.
7. "Holder" includes, without limitation, any owner or other person described in NRS 350.530, a trustee, guarantor, insurer and credit enhancer, and a bank that issues a letter of credit.
8. "Local government" means any local government subject to the provisions of the Local Government Budget and Finance Act.
9. "Technical financial assistance" means assistance provided by the Department to a local government, including, without limitation, assistance with developing budgets, reviewing contracts, analyzing cost allocations, debt management, feasibility analyses and revenue forecasting.
10. The words and terms defined in the Local Government Budget and Finance Act have the meanings ascribed to them in that act.
(Added to NRS by 1995, 141; A 1995, 1901; 1999, 1032, 2538; 2001, 1814; 2005, 1392; 2015, 724)
2023 Nevada Revised Statutes › Chapter 354 - Local Financial Administration › NRS 354.657 - Purpose; liberal construction.

1. The purpose of NRS 354.655 to 354.725, inclusive, is to:
(a) Restore and maintain the financial solvency of any local government in financial distress;
(b) Provide basic functions for which a local government in financial distress is responsible; and
(c) Provide a tiered program of financial oversight and assistance by the State based on the existing financial conditions of a local government, including, without limitation, placing the local government on fiscal watch, providing technical financial assistance to the local government and assisting the local government if it is found to exist in a state of severe financial emergency.
2. To accomplish the purpose set forth in subsection 1, the provisions of NRS 354.655 to 354.725, inclusive, must be broadly and liberally construed.
(Added to NRS by 2001, 1795; A 2005, 1392; 2007, 2882; 2015, 725)
2023 Nevada Revised Statutes › Chapter 354 - Local Financial Administration › NRS 354.665 - Delinquent documents: Notification; explanation to Committee on Local Government Finance; withholding of payments.

1. If a local government does not file a statement, report or other document as required by the provisions of NRS 350.013, 354.5945, 354.6015, 354.6025, 354.624, 354.6245 or 387.303 within 15 days after the day on which it was due, the Executive Director shall notify the governing body of the local government in writing that the report is delinquent. The notification must be noted in the minutes of the first meeting of the governing body following transmittal of the notification.
2. If the required report is not received by the Department within 45 days after the day on which the report was due, 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 report has not been filed. The notice must be transmitted to the governing body not less than 5 days before the date on which the meeting will be held.
3. 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 report, the Committee may instruct the Executive Director to request that the State Treasurer withhold from the local government 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 the payment and all future payments until the State Treasurer is notified by the Executive Director that the report 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.
(Added to NRS by 1995, 1891; A 2001, 1421, 1814; 2003, 78; 2015, 725)
2023 Nevada Revised Statutes › Chapter 354 - Local Financial Administration › NRS 354.671 - Delinquent payments to Public Employees’ Benefits Program: Notification; explanation to Committee on Local Government Finance; withholding of payments.

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.
(Added to NRS by 2007, 2882; A 2015, 726)
2023 Nevada Revised Statutes › Chapter 354 - Local Financial Administration › NRS 354.715 - Severe financial emergency: Enforcement of compliance by local government with certain requests of Department of Taxation; penalties for willful failure to comply with requests.

1. If a local government or any officer or employee of the local government fails to comply with any request made by the Department pursuant to NRS 354.695, the Department may apply to the district court to compel compliance.
2. In any proceeding brought pursuant to subsection 1, the Department may seek a declaration by the district court that the failure to comply with the request of the Department was willful. A willful failure to comply by any:
(a) Officer of the local government works a forfeiture of his or her office.
(b) Employee of the local government is grounds for dismissal from his or her employment.
3. Any officer or employee of the local government who willfully fails to comply with any request made by the Department pursuant to NRS 354.695 is guilty of a gross misdemeanor.
(Added to NRS by 1995, 143; A 2015, 734)
2023 Nevada Revised Statutes › Chapter 354 - Local Financial Administration › NRS 354.721 - Severe financial emergency: Creation of Severe Financial Emergency Fund; investment and use of money in Fund; requirements relating to loans from Fund.

1. The Severe Financial Emergency Fund is hereby created in the State Treasury as a revolving fund. The Executive Director shall administer the Fund.
2. The money in the Fund must be invested as other state funds are invested. Any interest and income earned on the money in the Fund must, after deducting any applicable charges, be credited to the Fund.
3. Money in the Severe Financial Emergency Fund may be:
(a) Distributed by the Executive Director as a loan to a local government for the purpose of paying the operating expenses and general obligations of the local government until the local government receives revenues if:
(1) The Department takes over the management of a local government pursuant to NRS 354.685 to 354.725, inclusive;
(2) The Executive Director determines that a loan from the Severe Financial Emergency Fund is necessary to pay the operating expenses and general obligations of the local government; and
(3) The local government adopts a resolution in which the local government agrees to:
(I) Use the money only for the purpose of paying the operating expenses and general obligations of the local government until the local government receives revenues; and
(II) Repay the entire amount of the loan, without any interest, to the Severe Financial Emergency Fund as soon as practicable, but not later than 24 months after the date on which the resolution is adopted.
(b) Used for any other purpose authorized by the Legislature.
4. A loan approved by the Executive Director must be repaid as soon as practicable by the local government, but the duration of the loan must not exceed 24 months after the date on which the loan was made. The Executive Director shall not charge interest on a loan made pursuant to this section.
5. The Executive Director shall report to the Committee on Local Government Finance and to the Nevada Tax Commission as soon as practicable after the date that the loan is approved concerning:
(a) The status of the loan;
(b) The purposes for which the local government will use the money from the loan; and
(c) The resources that the local government will use to repay the loan.
(Added to NRS by 1999, 1031; A 2010, 26th Special Session, 11; 2015, 734)
2023 Nevada Revised Statutes › Chapter 354 - Local Financial Administration › NRS 354.725 - Severe financial emergency: Termination or modification of management of local government on motion of Nevada Tax Commission or at request of local government or Committee on Local Government Finance.

1. The Nevada Tax Commission may, on its own motion or at the request of a local government or the Committee, terminate the management of a local government by the Department at any time upon a finding that the severe financial emergency has ceased to exist.
2. The governing body of a local government which has complied with all requests made by the Department pursuant to NRS 354.695 may petition the Nevada Tax Commission for termination or modification of the management of the local government by the Department or of any request made by the Department pursuant to NRS 354.695.
3. The Commission shall not terminate or modify the management of a local government pursuant to subsection 1 or 2 without first obtaining a recommendation from the Committee as to the termination or modification.
4. The Nevada Tax Commission shall provide notice, a hearing and a written decision on each such petition.
5. In determining whether a condition of severe financial emergency should be terminated, the Nevada Tax Commission shall give consideration to the following:
(a) The local governing body has shown a desire and capability to manage the financial affairs of the local government in accordance with the provisions of NRS.
(b) The local government has staff available with sufficient financial expertise that they can adequately control the finances of the local government.
(c) All violations of statutes have been corrected.
(d) The local government has no funds with deficit fund balances.
(e) The local government has increased its revenues or made appropriate expenditure reductions so that it is anticipated that it can operate for the next fiscal year in a positive cash and fund balance position without imposing any increased or additional tax pursuant to NRS 354.705.
(f) The governing body has expressed a determination through a resolution submitted to the Department of Taxation to manage the affairs of the local government in accordance with the provisions of NRS relating to financial matters and utilizing sound accounting and financial management practices.
6. The Nevada Tax Commission may require the governing body to submit special reports to the Department for a period not to exceed 5 years as a condition of terminating the management of the local government by the Department.
7. When a petition relating to a specific request is denied, the governing body may not resubmit a petition to terminate or modify that request until 3 months following the date of denial.
(Added to NRS by 1995, 143; A 1995, 1902; 2015, 738)
2023 Nevada Revised Statutes › Chapter 354 - Local Financial Administration › NRS 354.740 - Use of leases and lease-purchase and installment-purchase agreements: Legislative findings and declaration.

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.
(Added to NRS by 2007, 831; A 2009, 2072; 2015, 30, 2654; 2023, 3380)
2023 Nevada Revised Statutes › Chapter 354 - Local Financial Administration › NRS 354.743 - Use of leases and lease-purchase and installment-purchase agreements: "Agreement" defined.

As used in NRS 354.740 and 354.745, "agreement" means an agreement to purchase property in the form of a lease or an agreement to pay in installments, pursuant to which a local government 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 a local government may acquire the property that is the subject of the agreement at the end of the term of the agreement or at 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.
(Added to NRS by 2023, 3379)
2023 Nevada Revised Statutes › Chapter 354 - Local Financial Administration › NRS 354.745 - Use of leases and lease-purchase and installment-purchase agreements: Provisions required to be included in agreement; applicability of provisions governing payment of prevailing wage.

If a local government enters into a lease or lease-purchase or installment-purchase agreement which involves the construction, alteration, repair or remodeling of an improvement:
1. The person or entity that executes one or more contracts or agreements for the actual construction, alteration, repair or remodeling of the improvement shall include in such a contract or 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.
2. The local government, 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 local government had undertaken the project or had awarded the contract.
(Added to NRS by 2023, 3379)
2023 Nevada Revised Statutes › Chapter 354 - Local Financial Administration › NRS 354.750 - Alternative method for local government to borrow money or purchase or lease property.

1. A local government may borrow money or purchase or lease property or facilities from a nonprofit corporation or trustee in conjunction with one or more other local governments, and in connection therewith may sell or lease property or facilities to the nonprofit corporation or trustee, in each case with such maturity, term, payment, security, pledge, default, remedy, prepayment, redemption, interest rate and other terms or provisions as may be specified in the loan, loan purchase, installment sale, lease or other agreement or note entered into by the local government for that purpose if:
(a) Each participating local government determines that it will benefit from economies of scale in borrowing money or purchasing or leasing property in conjunction with one or more other local governments pursuant to this section; and
(b) In the case of borrowing to finance operations and other noncapital purposes, the amount borrowed and the interest payable thereon, at the initial interest rate if interest is variable, does not exceed 85 percent of the estimated amount of uncollected taxes, income, revenue, cash receipts and other money of the local government which will be available during the term of the agreement for the repayment of the loan and the interest thereon. As used in this paragraph, "revenue" includes, without limitation, federal and state money received by the local government.
2. A local government may enter into an agreement for liquidity or credit enhancement, with such reimbursement, term, payment, security, pledge, default, remedy, interest rate and other terms, and may invest the proceeds of any borrowing, sale or lease under this section or any certificates of participation therein and any money pledged or set aside for the payment or security thereof in such securities or obligations, as the local government deems necessary or appropriate in connection with any borrowing, sale or lease pursuant to this section. A local government may also do all things and execute all documents that may be necessary or desirable in connection with the issuance of certificates of participation, or other interests, in any loan, note, installment sale, lease or other agreement of the local government entered into pursuant to this section or otherwise necessary to effectuate the purposes of this section, and may authorize a nonprofit corporation or trustee to act as its agent for purposes of entering into any trust, liquidity, credit, investment or other agreement in connection with financing pursuant to this section.
3. This section provides a complete, additional and alternative method for accomplishing the acts authorized by this section and must be liberally construed to accomplish its purposes.
4. As used in this section, "local government" has the meaning ascribed to it in NRS 354.474.
(Added to NRS by 1989, 1259)
2023 Nevada Revised Statutes › Chapter 354 - Local Financial Administration › NRS 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.

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.
(Added to NRS by 2023, 3378)
2023 Nevada Revised Statutes › Chapter 354 - Local Financial Administration › NRS 354.760 - Notice to debtor of required payee of negotiable instrument.

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.
(Added to NRS by 1997, 1498; A 2015, 2229; 2017, 2037, 2722)
2023 Nevada Revised Statutes › Chapter 354 - Local Financial Administration › NRS 354.770 - Acceptance of payments by credit card, debit card or electronic transfers of money.

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.
(Added to NRS by 1997, 1323; A 1999, 70; 2001, 1322; 2009, 1573)
2023 Nevada Revised Statutes › Chapter 354 - Local Financial Administration › NRS 354.780 - Placement of automated tellers at locations where local government receives payments.

1. A local government may enter into contracts with financial institutions or other business organizations for the placement of automated tellers at locations where the local government receives payments of money.
2. As used in this section:
(a) "Automated teller" means an electronic device that dispenses cash in connection with an account maintained in a financial institution or with another business.
(b) "Local government" has the meaning ascribed to it in NRS 354.474.
(Added to NRS by 1997, 1323)
2023 Nevada Revised Statutes › Chapter 354 - Local Financial Administration › NRS 354.790 - Additional fee for providing service to customer in expeditious or convenient manner.

1. Except as otherwise provided by specific statute, a local government may charge, in addition to the fee otherwise imposed for a service provided by the local government, a reasonable fee for providing the service in an expedited manner or in a manner that is expeditious or convenient to the customer.
2. The fee authorized pursuant to subsection 1 must not exceed 5 percent of the fee otherwise imposed.
3. As used in this section, "local government" has the meaning ascribed to it in NRS 354.474.
(Added to NRS by 1997, 1323)
2023 Nevada Revised Statutes › Chapter 355 - Public Investments › NRS 355.010 - Creation; members.

1. The State Board of Finance is hereby created.
2. The State Board of Finance shall consist of the Governor, the State Controller, the State Treasurer and two other members to be appointed by the Governor for terms of 4 years each.
3. At least one of the members appointed by the Governor shall be actively engaged in commercial banking in this state.
[Part 1:212:1917; A 1919, 284; 1919 RL p. 3146; NCL § 6962] + [Part 1:93:1919; 1919 RL p. 3109; NCL § 6956] + [Part 2:93:1919; 1919 RL p. 3109; NCL § 6957]—(NRS A 1969, 1200)
2023 Nevada Revised Statutes › Chapter 355 - Public Investments › NRS 355.020 - Salary for appointive members; compensation for members and employees.

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.
[Part 2:93:1919; 1919 RL p. 3109; NCL § 6957]—(NRS A 1969, 1200; 1975, 298; 1981, 1980; 1989, 1712)
2023 Nevada Revised Statutes › Chapter 355 - Public Investments › NRS 355.030 - Legal adviser; Secretary.

1. The Attorney General is the legal adviser of the State Board of Finance.
2. The Chief Deputy State Treasurer is ex officio Secretary of the State Board of Finance.
[3:93:1919; 1919 RL p. 3110; NCL § 6958] + [4:93:1919; 1919 RL p. 3111; NCL § 6959]—(NRS A 1969, 1201; 1977, 561)
2023 Nevada Revised Statutes › Chapter 355 - Public Investments › NRS 355.040 - Records.

The State Board of Finance shall keep a permanent record of all its meetings, in which record shall be:
1. Recorded the aye and nay vote of the members of the Board upon all questions presented to the Board.
2. Kept all opinions of the Attorney General as required by the provisions of this chapter.
[3:212:1917; 1919 RL p. 3147; NCL § 6964]
2023 Nevada Revised Statutes › Chapter 355 - Public Investments › NRS 355.045 - General duties.

The State Board of Finance shall review and approve or disapprove the policies established by the State Treasurer for investment of money of the State and of money in the Local Government Pooled Investment Fund. The Board shall review both sets of policies at least every 4 months.
(Added to NRS by 1979, 723; A 1981, 496; 1997, 1282)