Assembly Bill No. 648

Assembly Bill No. 648-Committee on Taxation

CHAPTER

621

AN ACT relating to local governmental finances; prohibiting a local government from submitting certain claims for interest earned in a prior fiscal year on money received as an apportionment from the county treasurer; and providing other matters properly relating thereto.

[Approved July 16, 1997]

THE PEOPLE OF THE STATE OF NEVADA, REPRESENTED IN SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS:

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Section 1. NRS 361.755 is hereby amended to read as follows:
361.755 1. At least once each quarter and at such intervals as may be required by the board of county commissioners, the county treasurer [must] shall apportion all the money that [shall have come into his hands] he has received as ex officio tax receiver since the last apportionment into several funds, as provided by law, and [he shall] make out a statement of the [same] apportionment under oath and transmit the statement to the county auditor. The county auditor shall file the statement in his office.
2. A local government that receives an apportionment from the county treasurer may not submit a claim for interest earned in a prior fiscal year on the money apportioned, unless the claim is based solely upon an error in the calculation of the money apportioned in that prior fiscal year.
Sec. 2. This act becomes effective on July 1, 1997.
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