Nevada Revised Statutes 445C.350 – Transfer of portion of ending balance in Fund to certain accounts
If the balance in the Fund for Cleaning Up Discharges of Petroleum at the end of any fiscal year is estimated at $7,500,000 or more, the Department shall transfer:
Terms Used In Nevada Revised Statutes 445C.350
- 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.
1. An amount requested by the State Department of Conservation and Natural Resources, not to exceed $500,000 of the balance of $7,500,000, to the Account for the Management of Air Quality created pursuant to NRS 445B.590. Any money transferred to the Account for the Management of Air Quality pursuant to this subsection may be expended only to pay the direct and indirect costs of preparing the report required pursuant to NRS 445B.380.
2. The balance in the Fund for Cleaning Up Discharges of Petroleum which exceeds $7,500,000 after transferring the amount required pursuant to paragraph (a) to the account created pursuant to NRS 408.242.