Nevada Revised Statutes 354.601 – Construction of capital improvement without funding for operation and maintenance included in approved budget prohibited
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A local government shall not begin the construction of a capital improvement unless the funding for the operation and maintenance of the improvement during the current fiscal year, including personnel, is included in an approved budget.
Terms Used In Nevada Revised Statutes 354.601
- 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.