Nevada Revised Statutes 231.3739 – Homelessness Support Services Matching Account: Creation; administration; use of money; interest and income; nonreversion; gifts, grants, donations or appropriations
1. The Homelessness Support Services Matching Account is hereby created in the State General Fund. The Account must be administered by the Executive Director of the Office of Economic Development and money in the Account may be expended only for the purpose of providing matching funds pursuant to NRS 231.3711 to 231.3737, inclusive.
Terms Used In Nevada Revised Statutes 231.3739
- 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.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
2. The interest and income earned on the money in the Account, after deducting any applicable charges, must be credited to the Account.
3. Any money in the Account and any unexpended appropriations made to the Account from the State General Fund remaining at the end of a fiscal year do not revert to the State General Fund, and the balance in the Account must be carried forward to the next fiscal year.
4. The Executive Director may apply for and accept any gift, grant, donation or appropriation for deposit in the Account.