Nevada Revised Statutes 407.0762 – Account for Maintenance of State Parks: Creation; deposits; money in Account does not lapse; expenditures
1. The Account for Maintenance of State Parks within the Division of State Parks is hereby created in the State General Fund. Except as otherwise provided in NRS 407.0765, any amount of fees collected pursuant to paragraphs (d), (e) and (f) of subsection 1 or subsection 2 of NRS 407.065 in a calendar year, which is in excess of the amounts authorized for expenditure from that revenue source in the Division’s budget for the fiscal year beginning in that calendar year, must be deposited in the Account. The interest and income earned on the money in the Account, after deducting any applicable charges, must be credited to the Account.
Terms Used In Nevada Revised Statutes 407.0762
- Administrator: means the Administrator of the Division. See Nevada Revised Statutes 407.011
- Director: means the Director of the Department. See Nevada Revised Statutes 407.011
- Division: means the Division of State Parks of the Department. See Nevada Revised Statutes 407.011
- 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 Account does not lapse to the State General Fund at the end of any fiscal year.
3. The money deposited in the Account pursuant to subsection 1 must only be used to repair and maintain state parks, monuments and recreational areas.
4. Before the Administrator may expend money pursuant to subsection 3:
(a) For emergency repairs and projects with a cost of less than $25,000, the Administrator must first receive the approval of the Director.
(b) For projects with a cost of $25,000 or more, other than emergency repairs, the Administrator must first receive the approval of the Director and of the Interim Finance Committee.