Nevada Revised Statutes 432.095 – Creation and administration of Placement Prevention Revolving Account; authorization of boards of county commissioners in certain counties to establish account for payment of claims of recipients of goods or services…
1. There is hereby created the Placement Prevention Revolving Account in the amount of $25,000 to be used for the payment of claims in a county whose population is less than 100,000 of recipients of goods or services from the Division and vendors providing goods or services to those recipients pursuant to procedures established by the Division.
Terms Used In Nevada Revised Statutes 432.095
- Administrator: means the Administrator of the Division. See Nevada Revised Statutes 432.010
- Agency which provides child welfare services: has the meaning ascribed to it in NRS 432B. See Nevada Revised Statutes 432.010
- Child: means a person who is less than 18 years of age or who remains under the jurisdiction of a court pursuant to NRS 432B. See Nevada Revised Statutes 432.010
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- county: includes Carson City. See Nevada Revised Statutes 0.033
- Division: means the Division of Child and Family Services of the Department. See Nevada Revised Statutes 432.010
- 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.
- population: means the number of people in a specified area as determined by the last preceding national decennial census conducted by the Bureau of the Census of the United States Department of Commerce pursuant to Section 2 of Article I of the Constitution of the United States and reported by the Secretary of Commerce to the Governor pursuant to 13 U. See Nevada Revised Statutes 0.050
2. Upon written request from the Administrator, the State Controller shall draw a warrant from money already authorized for the use of the Division in the sum of $25,000. When the warrant is paid, the Administrator shall deposit the money in a financial institution qualified to receive deposits of public money. All money deposited in the Placement Prevention Revolving Account pursuant to this section must be secured with a depository bond that is satisfactory to the State Board of Examiners, unless it is otherwise secured by the Federal Deposit Insurance Corporation, the National Credit Union Share Insurance Fund or a private insurer approved pursuant to NRS 672.755.
3. After an expenditure of money from the Placement Prevention Revolving Account, the Administrator shall present a claim to the State Board of Examiners to maintain a balance of $25,000. If the claim is approved by the State Board of Examiners, the State Controller shall draw a warrant from money already authorized for the use of the Division in the amount of the claim in favor of the Placement Prevention Revolving Account, and the State Treasurer shall pay the warrant.
4. Money in the Placement Prevention Revolving Account created pursuant to subsection 1 does not revert to the State General Fund at the end of the fiscal year, and the balance in the Account must be carried forward.
5. Purchases made by the Division pursuant to this section are exempt from the State Purchasing Act.
6. The board of county commissioners of a county whose population is 100,000 or more may establish a fund or account to be used for the payment of claims of recipients of goods or services from the agency which provides child welfare services and vendors providing goods or services to those recipients pursuant to procedures established by the agency which provides child welfare services.