Nevada Revised Statutes 217.260 – Fund for the Compensation of Victims of Crime
1. Money for payment of compensation as ordered by the Department and for payment of salaries and other expenses incurred by the Department pursuant to NRS 217.010 to 217.270, inclusive, must be paid from the Fund for the Compensation of Victims of Crime, which is hereby created. Money in the Fund must be disbursed by the Department in the same manner as other claims against the State are paid and in accordance with the rules and regulations adopted pursuant to NRS 217.130. Such rules and regulations must include, without limitation, the requirements that:
Terms Used In Nevada Revised Statutes 217.260
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- 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.
(a) Claims be categorized as to their priority; and
(b) Claims categorized as the highest priority be paid, in whole or in part, before other claims.
2. The Department shall prepare quarterly estimates of:
(a) The revenue in the Fund which is available for the payment of compensation; and
(b) The anticipated expenses for the next quarter.
3. Money deposited in the Fund which is recovered from a forfeiture of assets pursuant to NRS 200.760 and the interest and income earned on that money must be used for the counseling and medical treatment of victims of crimes committed in violation of NRS 200.366, 200.710, 200.720, 200.725, 200.730 or 201.230.
4. The interest and income earned on the money in the Fund for the Compensation of Victims of Crime, after deducting any applicable charges, must be credited to the Fund.
5. Any money remaining in the Fund for the Compensation of Victims of Crime at the end of each fiscal year does not revert to the State General Fund and must be carried over into the next fiscal year.