Nevada Revised Statutes 407.0763 – Account for Maintenance of State Park Facilities and Grounds: Creation; money in Account does not lapse; expenditures
1. The Account for Maintenance of State Park Facilities and Grounds 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. The money in the Account does not lapse to the State General Fund at the end of any fiscal year.
Terms Used In Nevada Revised Statutes 407.0763
- Administrator: means the Administrator of the Division. See Nevada Revised Statutes 407.011
- Director: means the Director of the Department. See Nevada Revised Statutes 407.011
- 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.
2. The Administrator, with the approval of the Director, may expend the money which represents the principal of the Account and the interest and income earned on the money which represents the principal of the Account to repair and maintain state park facilities and grounds. The Administrator may expend the money which represents the principal of the Account and the interest and income in the Account or allow it to accrue until a sufficient amount is available for repair and maintenance projects. The Administrator shall not expend more than $2,000,000 during any biennium commencing on July 1 of an odd-numbered year to repair and maintain state park facilities and grounds.