1.  The Department shall establish the Wildlife Trust Fund. The Department may accept any gift, donation, bequest or devise from any private source for deposit in the Wildlife Trust Fund. All money must be accounted for in the Wildlife Trust Fund.

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2.  As soon as practicable after receiving any gift, donation, bequest or devise for an unanticipated emergency event from any private source pursuant to subsection 1 that is exempt from the provisions of NRS 353.335 pursuant to paragraph (e) of subsection 6 of NRS 353.335, the Director or the Director’s designee shall submit to the Commission and the Interim Finance Committee a report which states:

(a) The unanticipated emergency event for which the gift, donation, bequest or devise was received;

(b) The amount of the gift, donation, bequest or devise;

(c) The amount of the gift, donation, bequest or devise that was expended for the unanticipated emergency event; and

(d) The private source from which the gift, donation, bequest or devise was received.

3.  All of the money in the Wildlife Trust Fund must be deposited in a financial institution to draw interest or to be expended, invested and reinvested pursuant to the specific instructions of the donor, or if no such specific instructions exist, in the sound discretion of the Director. The provisions of NRS 356.011 apply to any accounts in financial institutions maintained pursuant to this section.

4.  The money in the Wildlife Trust Fund must be budgeted and expended, within any limitations which may have been specified by particular donors, at the discretion of the Director. The Director may authorize independent contractors that may be funded in whole or in part from the money in the Wildlife Trust Fund.

5.  The Director or the Director’s designee shall annually post on the Internet website maintained by the Department a statement setting forth the investment and expenditure of the money in the Wildlife Trust Fund.

6.  A separate statement concerning the anticipated amount and proposed expenditures of the money in the Wildlife Trust Fund must be submitted to the Director of the Office of Finance for his or her information at the same time and for the same fiscal years as the requested budget of the Department submitted to the Chief of the Budget Division of the Office of Finance pursuant to NRS 353.210. The statement must be attached to the requested budget for the Department when the requested budget is submitted to the Fiscal Analysis Division of the Legislative Counsel Bureau pursuant to NRS 353.211.

7.  The provisions of chapter 333 of NRS do not apply to the expenditure of money in the Wildlife Trust Fund.

8.  As used in this section, ‘unanticipated emergency event’ means:

(a) The unanticipated spread of a communicable disease among wildlife in this State;

(b) Drought conditions in this State that the Department determines to be extreme;

(c) A wildfire or the rehabilitation efforts related to a wildfire; or

(d) Any other similar unanticipated event that puts wildlife, wildlife habitat or human life at risk.