Nevada Revised Statutes 231.14095 – Small Business Enterprise Loan Account: Creation; administration; interest and income; nonreversion; use; claims; deposit of gifts, grants, bequests and donations
1. The Small Business Enterprise Loan Account is hereby created in the State General Fund as a revolving loan account. The Account must be administered by the Office.
Terms Used In Nevada Revised Statutes 231.14095
- 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. All interest and income earned on the money in the Account must be credited to the Account.
3. The money in the Account does not revert to the State General Fund at the end of any fiscal year and must be carried forward to the next fiscal year.
4. Money in the Account must be used by the Office to develop and carry into effect the program developed by the Office pursuant to NRS 231.1409 or for any other purpose authorized by the Legislature.
5. Claims against the Account must be paid as other claims against the agency are paid.
6. The Office may apply for and accept gifts, grants, bequests and donations from any source for deposit in the Account.