Nevada Revised Statutes 353.2655 – Nevada Protection Account
1. There is hereby created the Nevada Protection Account in the State General Fund.
Terms Used In Nevada Revised Statutes 353.2655
- Bequest: Property gifted by will.
- 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.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
2. The money in the Account must be used to protect the State of Nevada and its residents through funding activities to prevent the location of a federal nuclear waste repository at Yucca Mountain.
3. The Account must be administered by the Governor, who may:
(a) Apply for and accept any gift, donation, bequest, grant or other source of money for deposit in the Account; and
(b) Expend any money received pursuant to paragraph (a) in accordance with subsection 2.
4. The interest and income earned on the money in the Account, after deducting any applicable charges, must be credited to the Account.
5. The money in the Account must remain in the Account and does not revert to the State General Fund at the end of any fiscal year.