Nevada Revised Statutes 407A.615 – Outdoor Education and Recreation Grant Program Account: Creation; administration; sources; interest and income; uses; claims; nonreversion
1. The Outdoor Education and Recreation Grant Program Account is hereby created in the State General Fund.
Terms Used In Nevada Revised Statutes 407A.615
- 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
- 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 Administrator shall administer the Account.
3. In addition to any direct legislative appropriation, the Administrator may apply for and accept any gift, grant, bequest, donation or other source of money. Except as otherwise provided in NRS 407A.620, any money so received must be deposited in the Account.
4. Any interest and income earned on money in the Account, after deducting any applicable charges, must be credited to the Account.
5. The money in the Account must be used to carry out the Grant Program.
6. Claims against the Account must be paid as other claims against the State are paid.
7. 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.