Title 31

NRS 354.6015 Fiscal report of local government: Requirements; publication of summary; regulations. 1. Except as otherwise provided in subsection 3, the governing board of a local government shall: (a) Submit electronically a fiscal report of the local government to the Department…

NRS 354.6025 Annual report of indebtedness of local government: Requirement; compilation into state report. 1. Each local government shall submit to the Department of Taxation, annually, an itemized report showing all its outstanding indebtedness. The Department of Taxation shall…

NRS 354.603 Separate accounts in bank, credit union, savings and loan association or savings bank for school district, county hospital, consolidated library district and district library. 1. The board of trustees of any county school district, the board of hospital trustees of an…

NRS 354.604 Funds maintained by local governments. Each local government shall maintain, according to its own needs: 1. The following kinds of governmental funds: (a) General fund; (b) Special revenue fund; (c) Capital projects fund; (d) Debt service fund; and (e) Permanent fund.…

NRS 354.608 Contingency account: Establishment; limit on appropriations; expenditures. A contingency account may be established in any governmental fund. The maximum amount which may be appropriated for such a contingency account is 3 percent of the money otherwise appropriated t…

NRS 354.609 Petty cash, imprest or revolving account. 1. The governing body of any local government may, by resolution, establish one or more petty cash accounts, imprest accounts or revolving accounts in a bank or credit union to assist in the administration of any activities in…

NRS 354.6105 Fund for extraordinary maintenance, repair or improvement of capital projects. 1. A local government may establish a fund for the extraordinary maintenance, repair or improvement of capital projects. 2. Any interest and income earned on the money in the fund in exces…

NRS 354.6113 Fund for construction of capital projects. 1. The governing body of a local government may, by resolution, establish a fund for the construction of capital projects. 2. Any interest or income earned on money in the fund in excess of any amount which is reserved for r…

NRS 354.6115 Fund to stabilize operation of local government and mitigate effects of emergency or natural disaster. 1. The governing body of a local government may, by resolution, establish a fund to stabilize the operation of the local government and mitigate the effects of emer…

NRS 354.6116 Revenue from taxes ad valorem from lessee or user of certain taxable property to be deposited in or transferred to certain funds. A local government, except a school district, that receives revenue from taxes ad valorem from a lessee or user of property which is taxa…

NRS 354.6117 Limitation on amount of money transferred to certain funds; exception. 1. Except as otherwise provided in subsection 2, the total amount of money which may be transferred in a fiscal year from the general fund of a local government to the funds established pursuant t…

NRS 354.6118 Interfund loans or loans to other local governments: Public hearing required. Before making an interfund loan or loaning money to another local government, the governing body of the local government that wishes to make the loan must: 1. Determine at a public hearing …

NRS 354.612 Establishment of one or more funds by resolution required; contents of resolution; accounting requirements; copy of resolution to be provided to Department of Taxation; proprietary funds; enterprise funds. 1. A local government shall establish by resolution one or mor…

NRS 354.613 Enterprise funds: Loan or transfer of money in or associated with fund; increase in amount of fee imposed for purpose of fund; compliance reports; remedy for violation; regulations; applicability; plan to eliminate certain transfers from fund. 1. Except as otherwise p…

NRS 354.616 Adjustment of expenses and revenues. 1. A local governing body may provide for the adjustment of expenses as defined by NRS 354.470 to 354.626, inclusive. Receipts from adjustment of expenses shall be credited to the governmental function to which the reimbursed expen…

NRS 354.620 Unencumbered balance of appropriation lapses at end of fiscal year; reversion to fund. Any unencumbered balance on an accrual or modified accrual basis or any unexpended balance on a cash basis remaining to the credit of any appropriation shall lapse at the end of the…

NRS 354.6215 Limitation on use of reserves or balances of funds created to insure risks. Except as otherwise provided in NRS 354.6241, if a local government provides a fund for self-insurance of property, for any form of insurance for the benefit of its employees, or for any othe…

NRS 354.624 Annual audit: Requirements; designation of auditor; scope and disposition; dissemination; prohibited provision in contract with auditor. 1. Each local government shall provide for an annual audit of all of its financial statements. A local government may provide for m…

NRS 354.6241 Contents of statement provided by local government to auditor; expenditure of excess reserves in certain funds; restrictions on use of budgeted ending fund balance in certain circumstances. 1. The statement required by paragraph (a) of subsection 5 of NRS 354.624 mus…

NRS 354.6245 Review of annual audits by Department of Taxation; referral of accountant who issued noncompliant audit to Nevada State Board of Accountancy; plan of correction of violations. 1. The Department of Taxation shall review each annual audit to determine whether it compli…

NRS 354.625 Records relating to property and equipment; control of inventory. The governing body of every local government shall: 1. Cause to be established and maintained adequate property and equipment records and, where appropriate, adequate inventory controls. Any local gover…

NRS 354.6256 Use of proceeds of certain obligations to pay operating expenses prohibited; exceptions. The proceeds from any obligation issued by a local government that has a term which is more than 1 year must not be used to pay operating expenses, except that: 1. The proceeds o…

NRS 354.626 Unlawful expenditure of money in excess of amount appropriated; penalties; exceptions. 1. No governing body or member thereof, officer, office, department or agency may, during any fiscal year, expend or contract to expend any money or incur any liability, or enter in…

NRS 354.655 Definitions. As used in NRS 354.655 to 354.725, inclusive, unless the context requires otherwise: 1. “Basic function” means an activity of a local government for the purpose of accomplishing a primary service or function of the local government, including, without lim…

NRS 354.657 Purpose; liberal construction. 1. The purpose of NRS 354.655 to 354.725, inclusive, is to: (a) Restore and maintain the financial solvency of any local government in financial distress; (b) Provide basic functions for which a local government in financial distress is …

NRS 354.665 Delinquent documents: Notification; explanation to Committee on Local Government Finance; withholding of payments. 1. If a local government does not file a statement, report or other document as required by the provisions of NRS 350.013, 354.5945, 354.6015, 354.6025, …

NRS 354.671 Delinquent payments to Public Employees’ Retirement System or Public Employees’ Benefits Program: Notification; explanation to Committee on Local Government Finance; withholding of payments. 1. Upon receipt of notification by: (a) The Public Employees’ Retirement Syst…

NRS 354.675 Technical financial assistance from Department of Taxation: Request; notice and hearing; order; request by Department for assistance of Committee on Local Government Finance; allocation from Contingency Account. 1. If the Department determines that one or more of the …

NRS 354.685 Severe financial emergency: Conditions; notification of local government by Department of Taxation; plan of corrective action; review of plan by Committee on Local Government Finance; order of Nevada Tax Commission requiring Department to take over management of local…

NRS 354.695 Severe financial emergency: Powers and duties of Department of Taxation; reimbursement for expenses; allocation from Contingency Account; recommendations by local government; cooperation of state agencies; delegation of powers and duties to financial manager; method f…

NRS 354.705 Severe financial emergency: Preparation of plan of revenue enhancement and expense mitigation by Executive Director; review and potential revision of plan regarding additional taxes or charges; hearing on plan by panel; adoption of plan; imposition and duration of add…

NRS 354.715 Severe financial emergency: Enforcement of compliance by local government with certain requests of Department of Taxation; penalties for willful failure to comply with requests. 1. If a local government or any officer or employee of the local government fails to compl…

NRS 354.721 Severe financial emergency: Creation of Severe Financial Emergency Fund; investment and use of money in Fund; requirements relating to loans from Fund. 1. The Severe Financial Emergency Fund is hereby created in the State Treasury as a revolving fund. The Executive Di…

NRS 354.723 Severe financial emergency: Procedure for disincorporation or dissolution of local government in certain circumstances; requirement for local government to take remedial action in certain circumstances. 1. If the Executive Director determines that a severe financial e…

NRS 354.7235 Severe financial emergency: Management of Department of Taxation ceases at time of disincorporation or dissolution. The management of the Department ceases at the time of the disincorporation or dissolution of a local government pursuant to NRS 354.723. (Added to NRS…

NRS 354.725 Severe financial emergency: Termination or modification of management of local government on motion of Nevada Tax Commission or at request of local government or Committee on Local Government Finance. 1. The Nevada Tax Commission may, on its own motion or at the reque…

NRS 354.740 Use of leases and lease-purchase and installment-purchase agreements: 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 subdivis…

NRS 354.743 Use of leases and lease-purchase and installment-purchase agreements: “Agreement” defined. As used in NRS 354.740 and 354.745, “agreement” means an agreement to purchase property in the form of a lease or an agreement to pay in installments, pursuant to which a local …

NRS 354.745 Use of leases and lease-purchase and installment-purchase agreements: Provisions required to be included in agreement; applicability of provisions governing payment of prevailing wage. If a local government enters into a lease or lease-purchase or installment-purchase…

NRS 354.750 Alternative method for local government to borrow money or purchase or lease property. 1. A local government may borrow money or purchase or lease property or facilities from a nonprofit corporation or trustee in conjunction with one or more other local governments, a…

NRS 354.755 Partnership with tax-exempt organization to finance construction of certain medical buildings: Criteria applicability of laws governing public works; subcontracts; provisions required to be included in agreement with prime contractor. 1. An organization may partner wi…

NRS 354.760 Notice to debtor of required payee of negotiable instrument. 1. All invoices or other notices issued by a local government to collect an account receivable must state that if the debtor wishes to pay by check or other negotiable instrument, such negotiable instrument …

NRS 354.770 Acceptance of payments by credit card, debit card or electronic transfers of money. 1. A local government may enter into contracts with issuers of credit cards or debit cards, or operators of systems that provide for the electronic transfer of money to provide for the…

NRS 354.780 Placement of automated tellers at locations where local government receives payments. 1. A local government may enter into contracts with financial institutions or other business organizations for the placement of automated tellers at locations where the local governm…

NRS 354.790 Additional fee for providing service to customer in expeditious or convenient manner. 1. Except as otherwise provided by specific statute, a local government may charge, in addition to the fee otherwise imposed for a service provided by the local government, a reasona…

NRS 355.005 Regulations of State Treasurer. The State Treasurer shall adopt regulations which the State Treasurer deems necessary to carry out his or her duties pursuant to the provisions of this chapter. (Added to NRS by 1995, 407) STATE BOARD OF FINANCE