Nevada Revised Statutes 225.420 – Disposition and accounting of money
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1. All money received by the Secretary of State pursuant to NRS 225.300 to 225.440, inclusive, must be:
Terms Used In Nevada Revised Statutes 225.420
- 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.
(a) Deposited in the State Treasury and accounted for separately in the State General Fund; and
(b) Used only for the purpose of carrying out the provisions of NRS 225.300 to 225.440, inclusive.
2. The Secretary of State shall administer the account. The interest and income earned on the money in the account, after deducting any applicable charges, must be credited to the account.
3. The money in the account does not lapse to the State General Fund at the end of a fiscal year.
4. Claims against the account must be paid as other claims against the State are paid.