Nevada Revised Statutes 353.266 – Creation; source; use
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1. The Contingency Account is hereby created in the State General Fund. Money for the Account must be provided by direct legislative appropriation.
Terms Used In Nevada Revised Statutes 353.266
- 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
- Statute: A law passed by a legislature.
2. Money in the Contingency Account may be allocated and expended within the limitations and in the manner provided in NRS 353.268, 353.269 and 538.650 or by the Legislature directly:
(a) For emergency use to supplement regular legislative appropriations which fail to cover unforeseen expenses;
(b) To meet expenses pursuant to the requirements of the law; or
(c) As provided by specific statute.