NAC354.8702. Application: Additional requirements. [Effective through June 30, 2017.]

An application for approval of a loan or transfer of money from an enterprise fund, money collected from fees imposed for the purpose for which an enterprise fund was created or any income or interest earned on money in an enterprise fund must include, in addition to the information required pursuant to NAC 354.870:

     1. A statement indicating whether the local government has made a transfer pursuant to subsection 1 of NRS 354.613 and, if so, documentation showing that any transfer from an enterprise fund to the general fund of the local government for the purpose of subsidizing the general fund of the local government did not result in a violation of paragraph (a) or (b) of subsection 9 of NRS 354.613.

     2. If applicable, a copy of the plan required to be filed with the Department pursuant to subsection 10 of NRS 354.613, revised to show the manner in which:

     (a) All transfers from an enterprise fund, including any transfer applied for pursuant to NAC 354.870, will be eliminated on or before the fiscal year beginning on July 1, 2021; and

     (b) Any expenditures of the general fund that are intended to be paid by any transfer applied for pursuant to NAC 354.870 will be funded upon the elimination of such transfer on or before the fiscal year beginning on July 1, 2021.

     (Added to NAC by Com. on Local Gov’t Finance by R082-13, eff. 12-23-2013)