Title 31

NRS 353.2975 “Agency fund” defined. “Agency fund” means a fiduciary fund which is solely custodial in nature, in which assets equal liabilities, and which does not involve measurement of the results of operations. (Added to NRS by 1987, 622)

NRS 353.3025 “Encumbrance” defined. “Encumbrance” means an obligation in the form of a purchase order, contract or salary commitment for which an estimated amount has been reserved and ceases to be an encumbrance when the actual liability is created. (Added to NRS by 1977, 38)

NRS 353.3027 “Expenditure” defined. “Expenditure” means the cost of goods delivered or services rendered, whether paid or unpaid, any provision for debt retirement not reported as a liability of the fund from which retired, and any capital outlays. For financial reporting, the te…

NRS 353.305 “Fund” defined. “Fund” means a fiscal and accounting entity with a self-balancing set of accounts recording cash and other financial resources, together with all related liabilities and residual equities or balances, and changes therein, which are segregated to carry …

NRS 353.307 “Fund balance” defined. “Fund balance” means the excess of assets over liabilities in a governmental fund. (Added to NRS by 1969, 506; A 1987, 623)

NRS 353.3076 “Generally accepted accounting principles” defined. “Generally accepted accounting principles” means generally accepted accounting principles for government as prescribed by the Governmental Accounting Standards Board. (Added to NRS by 2001, 2751)

NRS 353.3085 “Lapse” defined. “Lapse” as applied to an appropriation means the automatic termination of such appropriation within a fund. (Added to NRS by 1977, 38)

NRS 353.3087 “Liability” defined. “Liability” means a debt or other legal obligation arising out of a transaction in the past which must be liquidated, renewed or refunded at some future date. (Added to NRS by 1977, 38; A 1987, 624)

NRS 353.311 “Revenue” defined. “Revenue” means the gross increase in ownership equity during a designated period. If the accounts are kept on an accrual basis, the term designates: 1. Additions to assets which do not increase any liability or represent the recovery of an expendit…

NRS 353.3115 “Reversion” defined. “Reversion” as applied to an appropriation means the return of the unused amount of an appropriation to the fund from which appropriated. (Added to NRS by 1977, 38)

NRS 353.3135 “Trust fund” defined. “Trust fund” means a fiduciary fund that is not an agency fund. (Added to NRS by 1987, 622)

NRS 353.319 Administration of law; regulations. 1. The State Controller shall administer the provisions of the State Accounting Procedures Law. 2. The State Controller shall, 30 days prior to the adoption, amendment or repeal of an accounting or reporting regulation give notice t…

NRS 353.3195 Regulations regarding use of electronic symbols to substitute or supplement signature of authorized officer. 1. The State Controller may provide by regulation for the use of electronic symbols to substitute or supplement the handwritten or facsimile signature of an a…

NRS 353.321 Categories of funds: Reporting; accounting; assignment by State Controller. 1. The State Controller shall report each fund in one of the following categories for purposes of annual financial statements: (a) State General Fund; (b) Special revenue funds; (c) Capital pr…

NRS 353.323 State General Fund created; use of categories of funds and account groups. 1. Governmental funds must be used as a means of accounting for segregations of financial resources by focusing upon a determination of financial position and changes in financial position rath…

NRS 353.3235 State agencies to record revenue receivable from certain billings in state central accounting system. 1. A state agency that uses an invoicing and billing procedure shall record the revenue receivable from those billings in the central accounting system of this state…

NRS 353.3241 Modified accrual or accrual basis of accounting to be used. 1. The modified accrual or accrual basis of accounting, as appropriate, must be utilized in measuring financial position and operating results. 2. Revenues and expenditures concerning governmental funds must…

NRS 353.3245 Generally accepted principles of accounting to be followed; State Controller to be provided with information for accounting. 1. Generally accepted accounting principles must be followed throughout the accounting procedures and reporting of the State’s financial posit…

NRS 353.325 Submission and dissemination of audit report of state agency; prohibited provision in contract with auditor. 1. Each state agency, within 10 days after receiving an audit report pertaining to that agency, including a management letter and the agency’s reply, shall sub…

NRS 353.331 Annual preparation. The Chief of the Budget Division of the Office of Finance shall prepare annually a statewide cost allocation plan distributing service agency indirect costs among the various agencies in accordance with the principles and procedures established by …

NRS 353.333 Compilation; contents; availability. 1. On or before February 15 of each year, the Governor shall compile a report on the status of the finances of the State including the information published in: (a) The most recent executive budget report prepared pursuant to the p…

NRS 353.335 Procedure for acceptance of gift or grant of property or services. 1. Except as otherwise provided in subsections 5 and 6, a state agency may accept any gift or grant of property or services from any source only if it is included in an act of the Legislature authorizi…

NRS 353.337 Grant from Federal Government: Compliance with requirement for public hearing. If a public hearing is required in connection with a grant from the Federal Government to a state agency, commission or department, the agency, commission or department may: 1. Request that…

NRS 353.3375 Grant from Federal Government: Authority to request provisional approval of Interim Finance Committee; circumstances requiring additional approval of Interim Finance Committee. 1. A department, institution or agency of the Executive Department of the State Government…

NRS 353.339 Grant for program requiring approval of Interim Finance Committee: Commencement of program before obtaining approval. A department, institution or agency of the Executive Department of the State Government that receives a grant for a program which requires the approva…

NRS 353.3463 Temporary advance from State General Fund for authorized expenses of Division of State Parks of State Department of Conservation and Natural Resources. 1. If the Administrator of the Division of State Parks of the State Department of Conservation and Natural Resource…

NRS 353.3465 Temporary advance from State General Fund for authorized expenses of Department of Tourism and Cultural Affairs. 1. If the Director of the Department of Tourism and Cultural Affairs determines that current claims exceed the amount of money available because revenue f…

NRS 353.347 Temporary advance from State General Fund for authorized expenses of the Nevada Equal Rights Commission within the Department of Employment, Training and Rehabilitation. 1. If the Director of the Department of Employment, Training and Rehabilitation determines that cu…

NRS 353.349 Temporary advance from State General Fund for certain authorized expenses of Division of Public and Behavioral Health of Department of Human Services. 1. If the Administrator of the Division of Public and Behavioral Health of the Department of Human Services determine…

NRS 353.351 Temporary advance from State General Fund for certain authorized expenses of Aging and Disability Services Division of Department of Human Services. 1. If the Administrator of the Aging and Disability Services Division of the Department of Human Services determines th…

NRS 353.353 Temporary advance from State General Fund for authorized expenses of Office of Emergency Management within Office of the Governor during state of emergency or declaration of disaster. 1. If, during a state of emergency or declaration of disaster proclaimed pursuant to…

NRS 353.3535 Temporary advance from State General Fund for authorized expenses of State Department of Conservation and Natural Resources for fire suppression or emergency response. 1. If the Director of the State Department of Conservation and Natural Resources determines that, b…

NRS 353.357 Temporary advance from State General Fund for certain authorized expenses of the Nevada Office of the Western Interstate Commission for Higher Education. 1. If the three Nevada State Commissioners on the Western Interstate Commission for Higher Education, acting joint…

NRS 353.361 Temporary advance from State General Fund for payment of money due from State Education Fund. 1. If the Superintendent of Public Instruction determines that the money due from the State Education Fund to a county school district, charter school or university school fo…

NRS 353.500 Definitions. As used in NRS 353.500 to 353.630, inclusive, unless the context otherwise requires, the words and terms defined in NRS 353.510 to 353.540, inclusive, have the meanings ascribed to them in those sections. (Added to NRS by 2001, 2478; A 2007, 829, 926)

NRS 353.510 “Agreement” defined. “Agreement” means an agreement to purchase property, in the form of a lease or an agreement to pay in installments, pursuant to which the State of Nevada or a state agency may pay the purchase price of real or personal property over a period of ti…

NRS 353.520 “Board” defined. “Board” means the State Board of Finance. (Added to NRS by 2001, 2478)

NRS 353.530 “Chief” defined. “Chief” means the Chief of the Budget Division of the Office of Finance. (Added to NRS by 2001, 2479)

NRS 353.540 “State agency” defined. “State agency” means an agency, bureau, board, commission, department, division or any other unit of the government of this State that is required to submit information to the Chief pursuant to subsection 1 or 6 of NRS 353.210. “State agency” d…

NRS 353.545 Legislative findings and declaration. The Legislature hereby finds and declares that: 1. The authority provided by other specific statutes for the government of this State and the political subdivisions of this State to use lease-purchase and installment-purchase agre…

NRS 353.550 Requirements for agreement by state agency to acquire real property or interest in or improvement to real property with terms that extend beyond biennium in which executed. 1. A state agency may propose a project to acquire real property, an interest in real property …

NRS 353.555 Approval of Legislature or Interim Finance Committee required for certain changes in scope of agreement. 1. Before the State of Nevada or a state agency causes or allows a change in the scope of an agreement, the change must be approved by: (a) The Legislature, by con…

NRS 353.560 Legislature not obligated to appropriate money for payments due pursuant to agreement; prohibition on such representations. 1. The provisions of NRS 353.500 to 353.630, inclusive, do not obligate the Legislature to appropriate money for payments due pursuant to an agr…

NRS 353.570 State Treasurer authorized to take appropriate actions to facilitate agreements. The State Treasurer may take such actions as he or she deems appropriate to facilitate an agreement pursuant to NRS 353.500 to 353.630, inclusive, including, without limitation: 1. Enteri…

NRS 353.580 Exemption of agreement from requirement of competitive bidding or other restrictions on procedure for awarding contracts. An agreement entered into pursuant to NRS 353.500 to 353.630, inclusive, is not subject to any requirement of competitive bidding or other restric…

NRS 353.590 Exemption of agreement involving construction, alteration, repair or remodeling of improvement from laws requiring competitive bidding and certain provisions relating to public works; exceptions. If an agreement pursuant to NRS 353.500 to 353.630, inclusive, involves …