Nevada Revised Statutes 533.369 – Special Account for Studies Concerning Water: Deposits; interest and income; limitation on use of money; refund of money to applicant; balance does not revert to State General Fund
1. All money collected pursuant to subsection 3 of NRS 533.364 or subsection 3 of NRS 533.368 must be deposited with the State Treasurer for credit to a special Account for Studies Concerning Water.
Terms Used In Nevada Revised Statutes 533.369
- 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 interest and income earned on the money in the Account for Studies Concerning Water, after deducting any applicable charges, must be credited to the Account.
3. The money received pursuant to subsection 3 of NRS 533.364 or subsection 3 of NRS 533.368 must be used to defray the cost of conducting the studies required pursuant to subsection 1 of NRS 533.368 and the inventories required pursuant to subsection 1 of NRS 533.364. Any money paid by an applicant that exceeds the amount required to conduct a study must be refunded to the applicant.
4. Any balance remaining in the Account does not revert to the State General Fund at the end of the fiscal year.