706.1516 - Transportation Authority Regulatory Fund: Creation; deposits; use; claims; statements. - Nevada Statutes

706.1516  Nevada Transportation Authority Regulatory Fund: Creation; deposits; use; claims; statements.

      1.  The Nevada Transportation Authority Regulatory Fund is hereby created as a special revenue fund. All money collected by the Authority pursuant to law must be deposited in the State Treasury for credit to the Fund.

      2.  Money in the Fund may be used only to defray the costs of:

      (a) Maintaining staff and equipment needed to regulate adequately persons subject to the jurisdiction of the Authority.

      (b) Participating in all proceedings relevant to the jurisdiction of the Authority.

      (c) Audits, inspections, investigations, publication of notices, reports and retaining consultants connected with that maintenance and participation.

      (d) The salaries, travel expenses and subsistence allowances of the members of the Authority.

      3.  All claims against the Fund must be paid as other claims against the State are paid.

      4.  The Authority must furnish upon request a statement showing the balance remaining in the Fund as of the close of the preceding fiscal year.

      (Added to NRS by 1997, 1924; A 2007, 2054)