Nevada Revised Statutes 278.750 – Creation and administration; credit of interest and income; expenditure
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1. The Southern Nevada Enterprise Community Projects Account is hereby created in the State General Fund. The interest and income earned on the money in the Account, after deducting any applicable charges, must be credited to the Account.
Terms Used In Nevada Revised Statutes 278.750
- 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
2. The Southern Nevada Enterprise Community Board shall administer the Account and may accept gifts, grants and other money for deposit in the Account.
3. The money in the Account may only be used to fund projects in the Southern Nevada Enterprise Community and is hereby authorized for expenditure as a continuing appropriation for this purpose.