Referred to Concurrent Committees on Government Affairs
and Ways and Means
SUMMARY--Revises provisions governing distribution of revenue from lease of federal land. (BDR 26-5)
FISCAL NOTE: Effect on Local Government: No.
Effect on the State or on Industrial Insurance: Yes.
EXPLANATION - Matter in italics is new; matter in brackets [ ] is material to be omitted.
AN ACT relating to state financial administration; revising the provisions governing the distribution of revenue received by the state from the lease of federal land; and providing other matters properly relating thereto.
THE PEOPLE OF THE STATE OF NEVADA, REPRESENTED IN SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS:
Section 1 NRS 328.460 is hereby amended to read as follows:
328.460 The state controller shall apportion money in the account for revenue from the lease of federal lands as follows:
1. Twenty-five percent to the state distributive school account in the state general fund.
2. Seventy-five percent to the [counties] county from which the fuels, minerals and geothermal resources are extracted. [Of the amount received by each county, one-fourth must be distributed to the school district in that county.]
Sec. 2. NRS 328.470 is hereby amended to read as follows:
328.470 1. The state controller shall ascertain from the reports received by the state treasurer the portion of money in the account for revenue from the lease of federal lands attributable to activities in each county and apportion the money payable to counties accordingly.
2. All money received [:
(a) By] by the county treasurer pursuant to this section must be deposited in the general fund of the county [or the county school district fund, as the case may be; and
(b) By a county or school district] and must be used for:
[(1)] (a) Construction and maintenance of roads and other public facilities;
[(2)] (b) Public services; and
[(3)] (c) Planning.
Sec. 3. This act becomes effective on July 1, 1997.