Nevada Revised Statutes 458.104 – Temporary advance from State General Fund
1. If the Administrator determines that current claims exceed the amount of money available to the Division because of a delay in the receipt of money from federal grants, the Administrator may request from the Director of the Office of Finance a temporary advance from the State General Fund for the payment of authorized expenses.
Terms Used In Nevada Revised Statutes 458.104
- Administrator: means the Administrator of the Division. See Nevada Revised Statutes 458.010
- 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
- Division: means the Division of Public and Behavioral Health of the Department of Health and Human Services. See Nevada Revised Statutes 458.010
- 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.
2. The Director of the Office of Finance shall notify the State Controller and the Fiscal Analysis Division of the Legislative Counsel Bureau of the approval of a request made pursuant to subsection 1. The State Controller shall draw his or her warrant upon receipt of the approval by the Director of the Office of Finance.
3. An advance from the State General Fund:
(a) Must be approved by the Director of the Office of Finance for use pursuant to NRS 458.080; and
(b) Is limited to 25 percent of the revenue expected to be received in the current fiscal year from any source other than legislative appropriation.
4. Any money which is temporarily advanced from the State General Fund to the Division pursuant to this section must be repaid by August 31 following the end of the fiscal year during which the money was advanced.