Nevada Revised Statutes 703.147 – Public Utilities Commission Regulatory Fund
1. The Public Utilities Commission Regulatory Fund is hereby created as a special revenue fund. Except as otherwise provided in NRS 702.170 and 704.7828, all money collected by the Commission pursuant to law must be deposited in the State Treasury for credit to the Fund. Money collected for the use of the Consumer’s Advocate of the Bureau of Consumer Protection in the Office of the Attorney General must be transferred pursuant to the provisions of subsection 8 of NRS 704.035.
Terms Used In Nevada Revised Statutes 703.147
- Commission: means the Public Utilities Commission of Nevada. See Nevada Revised Statutes 703.010
- 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.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
2. Money in the Fund which belongs to the Commission may be used:
(a) To defray the costs of:
(1) Maintaining staff and equipment to regulate adequately public utilities and other persons subject to the jurisdiction of the Commission.
(2) Participating in all rate cases involving those persons.
(3) Audits, inspections, investigations, publication of notices, reports and retaining consultants connected with that regulation and participation.
(4) The salaries, travel expenses and subsistence allowances of the members of the Commission.
(b) For any other purpose authorized by the Legislature.
3. All claims against the Fund must be paid as other claims against the State are paid.
4. The Commission must furnish upon request a statement showing the balance remaining in the Fund as of the close of the preceding fiscal year.