1.  On or before August 30 of each year, an amount of money which is equal to 5.25 percent of the fees charged and collected during the immediately preceding fiscal year for hunting, trapping, fishing or combination hunting and fishing licenses or limited permits pursuant to NRS 502.240 must be accounted for separately, deposited with the State Treasurer for credit to the Wildlife Account and, except as otherwise provided in this subsection and NRS 502.294 and 502.310, used by the Department for the purposes of wildlife habitat rehabilitation and restoration. Each year, not more than 18 percent of the money credited to the Wildlife Account from any revenue received pursuant to this subsection may be used to monitor wildlife and its habitat for those purposes.

Terms Used In Nevada Revised Statutes 502.242

  • 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 money in the Wildlife Account credited pursuant to this section remains in the Account and does not revert to the State General Fund at the end of any fiscal year.