Nevada Revised Statutes 701.640 – Account for the Recovery of Costs: Creation; deposits; interest and income; claims; gifts, donations and grants; nonreversion; administration by Director of Department of Wildlife; uses
1. The Account for the Recovery of Costs is hereby created in the State General Fund.
Terms Used In Nevada Revised Statutes 701.640
- Bequest: Property gifted by will.
- 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.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- person: means a natural person, any form of business or social organization and any other nongovernmental legal entity including, but not limited to, a corporation, partnership, association, trust or unincorporated organization. See Nevada Revised Statutes 0.039
2. All money collected by the Department of Wildlife in accordance with regulations adopted pursuant to NRS 701.610 must be deposited in the Account.
3. The interest and income earned on the money in the Account, after deducting any applicable charges, must be credited to the Account. Claims against the Account must be paid as other claims against the State are paid.
4. The Director of the Department of Wildlife may apply for and accept any gift, donation, bequest, grant or other source of money for use by the Account. Any money so received must be deposited in the Account. If the Director of the Department of Wildlife receives any matching federal money which is credited to the Account pursuant to this subsection, the amount of money credited may be transferred to the Energy Planning and Conservation Account created by NRS 701.630.
5. Any money remaining in the Account at the end of a fiscal year does not revert to the State General Fund, and the balance in the Account must be carried forward to the next fiscal year.
6. The Director of the Department of Wildlife shall administer the Account. The money in the Account must be used by the Department of Wildlife solely:
(a) To provide to the Federal Government, the Public Utilities Commission of Nevada or any person any information relating to wildlife or wildlife habitat based on the location of an energy development project; or
(b) To match any federal money for a project or program for the conservation of any species of wildlife.