Nevada Revised Statutes 561.335 – Revolving Account for Agriculture Working Capital
1. The Revolving Account for Agriculture Working Capital in the amount of $10,000 is hereby created for the use of the Department.
Terms Used In Nevada Revised Statutes 561.335
- Board: means the State Board of Agriculture. See Nevada Revised Statutes 561.025
- Department: means the State Department of Agriculture. See Nevada Revised Statutes 561.025
- Director: means the Director of the Department. See Nevada Revised Statutes 561.025
- Lien: A claim against real or personal property in satisfaction of a debt.
- Livestock: means :
(a) All cattle or animals of the bovine species. See Nevada Revised Statutes 561.025
2. The Account must be used specifically for carrying out the provisions of NRS 569.005 to 569.080, inclusive, and 569.100 to 569.130, inclusive.
3. The Account may be used for:
(a) Paying the expenses of all programs and laws administered by the Department, except expenses related to estrays and feral livestock which are required to be paid pursuant to NRS 569.090. The Account must be reimbursed promptly from the proper funds in the State Treasury by claims paid as other claims against the State are paid for any expenses paid pursuant to this paragraph.
(b) Providing advance money to officers and employees of the Department for travel expenses and subsistence allowances arising out of their official duties or employment. Such an advance constitutes a lien in favor of the Department upon the accrued wages of the requesting officer or employee in an amount equal to the sum advanced, but the Director may advance more than the amount of the accrued wages of the officer or employee. Upon the return of the officer or employee, the officer or employee is entitled to receive any authorized expenses and subsistence in excess of the amount advanced, and a sum equal to the advance must be paid into the Revolving Account for Agriculture Working Capital.
(c) Making grants and loans for any purpose authorized by subsection 2 of NRS 561.445. Any loan or grant made pursuant to this paragraph must be reimbursed promptly, as other claims against the State are paid, from the money deposited in the State Treasury pursuant to subsection 1 of NRS 561.445.
4. The Revolving Account for Agriculture Working Capital must be deposited in a bank or credit union qualified to receive deposits of public money and the deposit must be secured by a depository bond satisfactory to the State Board of Examiners.