Nevada Revised Statutes 217.530 – Creation; administration; use; limitations
1. The Contingency Account for Victims of Human Trafficking is hereby created in the State General Fund.
Terms Used In Nevada Revised Statutes 217.530
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
2. The Director of the Department of Health and Human Services shall administer the Contingency Account. The money in the Contingency Account:
(a) Must be expended only for the purposes of:
(1) Establishing or providing programs or services to victims of human trafficking; and
(2) Fundraising for the direct benefit of the Contingency Account. The total amount of money expended pursuant to this subparagraph in any fiscal year must not exceed $10,000 or 10 percent of the amount of money in the Contingency Account at the beginning of that fiscal year, whichever is less.
(b) Is hereby authorized for expenditure as a continuing appropriation for these purposes.
3. The Director may apply for and accept gifts, grants and donations or other sources of money for deposit in the Contingency Account.
4. The interest and income earned on the money in the Contingency Account, after deducting any applicable charges, must be credited to the Contingency Account.
5. Any money remaining in the Contingency Account at the end of a fiscal year does not revert to the State General Fund, and the balance in the Contingency Account must be carried forward to the next fiscal year.