SUMMARY--Prohibits local government from submitting certain claims for interest earned in prior fiscal year on money received as apportionment from county treasurer. (BDR 32-536)
FISCAL NOTE: Effect on Local Government: Yes.
Effect on the State or on Industrial Insurance: No.
EXPLANATION - Matter in italics is new; matter in brackets [ ] is material to be omitted.
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.
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.