Nevada Revised Statutes 219A.310 – Nevada Youth Legislature Account: Creation in Legislative Fund; use of money in Account; interest and income; submission of annual itemized statement
1. There is hereby created the Nevada Youth Legislature Account in the Legislative Fund.
Terms Used In Nevada Revised Statutes 219A.310
- 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
- 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. Money for the Account may be provided:
(a) By appropriation; or
(b) Through the acceptance of gifts, grants and donations as authorized pursuant to NRS 219A.200 and 219A.300.
3. The money in the Account must be held in trust for the Youth Legislature and may be used only:
(a) For the educational programs and operations of the Youth Legislature;
(b) To provide administrative support for the Youth Legislature;
(c) To pay for expenses directly related to the Youth Legislature; and
(d) For such other purposes directly related to the Youth Legislature as the Board may approve.
4. The interest and income earned on the money in the Account, after deducting any applicable charges, must be credited to the Account. All claims against the Account must be paid as other claims against the State are paid.
5. Any money remaining in the Account at the end of a fiscal year does not revert to the State General Fund, and the balance in the Account must be carried forward to the next fiscal year.
6. Each year, the Board shall submit an itemized statement of the income and expenditures for the Account to the Legislative Commission.