Nevada Revised Statutes 353C.226 – Debt Recovery Account: Creation; use; expenditure of money in Account
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1. The Debt Recovery Account is hereby created in the State General Fund.
Terms Used In Nevada Revised Statutes 353C.226
- 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. Money in the Account may only be used for support of the debt collection efforts of the State Controller pursuant to this chapter.
3. Money transferred to the Account is a continuing appropriation solely for the purpose of authorizing the expenditure of the transferred money for the purpose set forth in subsection 2.
4. Upon the approval of the Interim Finance Committee, the State Controller may expend money in the Account.