Nevada Revised Statutes 353.3085 – ‘Lapse’ defined
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‘Lapse’ as applied to an appropriation means the automatic termination of such appropriation within a fund.
Terms Used In Nevada Revised Statutes 353.3085
- 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