Nevada Revised Statutes 223.660 – Account for the Grant Program for Broadband Infrastructure: Creation; administration; nonreversion; use; claims
1. The Account for the Grant Program for Broadband Infrastructure is hereby created in the State General Fund. The Director of the Office of Science, Innovation and Technology shall administer the Account.
Terms Used In Nevada Revised Statutes 223.660
- 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 interest and income earned on the money in the Account, after deducting any applicable charges, must be credited to the Account.
3. 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.
4. The money in the Account must only be used to:
(a) Make infrastructure grants for the development or improvement of broadband services for persons with low income and persons in rural areas of this State established by the Director pursuant to subsection 5 of NRS 223.610; and
(b) Defray the costs of establishing and administering the programs established pursuant to subsection 5 of NRS 223.610 and NRS 226.600.
5. Claims against the Account must be paid as other claims against the State are paid.