445A.255 - Creation and purpose; payment of claims; faith of State pledged. - Nevada Statutes

445A.255  Creation and purpose; payment of claims; faith of State pledged.

      1.  The Account to Finance the Construction of Projects, to be known as the Account for the Revolving Fund, is hereby created in the Fund for Water Projects Loans.

      2.  The account to fund activities, other than projects, authorized by the Safe Drinking Water Act, to be known as the Account for Set-Aside Programs, is hereby created in the Fund for the Municipal Bond Bank.

      3.  The money in the Account for the Revolving Fund and the Account for Set-Aside Programs may be used only for the purposes set forth in the Safe Drinking Water Act.

      4.  All claims against the Account for the Revolving Fund and the Account for Set-Aside Programs must be paid as other claims against the State are paid.

      5.  The faith of the State is hereby pledged that the money in the Account for the Revolving Fund and the Account for Set-Aside Programs will not be used for purposes other than those authorized by the Safe Drinking Water Act.

      (Added to NRS by 1997, 1823; A 1999, 21; A 2001, 2754)