Nevada Revised Statutes 670B.610 – Administration, accounting and use of money received by Commissioner; nonreversion; interest and income; claims
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1. The Commissioner shall:
Terms Used In Nevada Revised Statutes 670B.610
- 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.
(a) Administer and account for separately the money received pursuant to this chapter.
(b) Use the money received pursuant to this chapter for the purposes set forth in this chapter.
2. Any money that remains in the account created pursuant to subsection 1 at the end of the fiscal year does not revert to the State General Fund, and the balance of the account must be carried forward to the next fiscal year.
3. Any interest or income earned on the money in the account created pursuant to subsection 1 must be credited to the account, after deducting any applicable charges.
4. Any claims against the account must be paid as other claims against the State are paid.