Senate Bill No. 112-Committee on Government Affairs
(On Behalf of the Nevada Association of School Boards)
February 3, 1997
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Referred to Committee on Finance
SUMMARY--Prohibits consideration of unobligated money of school district as revenue source in preparation of state budget. (BDR 31-332)
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; prohibiting the consideration of any unobligated money of a school district as a revenue source in the preparation of the state budget; 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. Chapter 353 of NRS is hereby amended by adding thereto a new section to read as follows:
In preparing the state budget for each biennium, the chief shall not consider as revenue available for use by a school district any money in any fund of the school district that remains unobligated at the end of a fiscal year.
Sec. 2. NRS 353.155 is hereby amended to read as follows:
353.155 As used in NRS 353.150 to 353.246, inclusive, and section 1 of this act, "chief" means the chief of the budget division of the department of administration.
Sec. 3. This act becomes effective on July 1, 1997.