for the immediately preceding calendar year is more than 50 percent of the fees collected by the Commission pursuant to that section for that calendar year.]

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Terms Used In Nevada Revised Statutes 563.350

  • 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.  Any money the Commission receives pursuant to NRS 563.330 and 563.340:

(a) Must be deposited in the State Treasury and accounted for separately in the State General Fund;

(b) May be used by the Commission only for the costs of carrying out the provisions of NRS 563.250 to 563.380, inclusive; and

(c) Does not revert to the State General Fund at the end of any fiscal year.

2.  Any interest or income earned on the money in the account must be credited to the account. Any claims against the account must be paid in the manner that other claims against the State are paid.