SUMMARY--Requires separate accounting of money donated for restricted use at veterans' cemeteries. (BDR 37-1840)
FISCAL NOTE: Effect on Local Government: No.
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 veterans' cemeteries; requiring the separate accounting of money donated for a restricted use at a veterans' cemetery; authorizing the expenditure of such money; specifying that any money remaining in such an account at the end of a fiscal year does not revert to the state general fund; 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 417.220 is hereby amended to read as follows:
417.220 1. Money received by the commissioner or the deputy commissioner from:
(a) Fees pursuant to subsection 3 of NRS 417.210;
(b) Allowances for burial from the Department of Veterans Affairs or the Social Security Administration;
(c) Appropriations made by the legislature for veterans' cemeteries; and
(d) [Gifts] Except as otherwise provided in subsection 4, gifts of money or proceeds derived from the sale of gifts of personal property he is authorized to accept,
must be deposited with the state treasurer for credit to the account for a veterans' cemetery in northern Nevada or the account for a veterans' cemetery in southern Nevada, whichever is appropriate, in the state general fund.
2. The interest and income earned on the money in the accounts, after deducting any applicable charges, must be credited to the accounts.
3. The money in each account [must] may only be used for the operation and maintenance of the cemetery for which the account was created.
4. Gifts of money received by the commissioner or the deputy commissioner which he is authorized to accept and which the donor has restricted to one or more specific uses at a veterans' cemetery:
(a) Must be accounted for separately in the state general fund; and
(b) May only be used in the manner designated by the donor.
5. The interest and income earned on the money in an account created pursuant to subsection 4, after deducting any applicable charges, must be credited to the account.
6. Any money remaining at the end of a fiscal year in an account created pursuant to subsection 4 does not revert to the state general fund and must be carried over to the next fiscal year.
7. Gifts of personal property which the commissioner or the deputy commissioner is authorized to receive [but] which are [not] :
(a) Not appropriate for conversion to money may be used in kind.
(b) Restricted by the donor to a specific use may only be used in accordance with the restriction.
Sec. 2 This act becomes effective on July 1, 1997.