NRS 249.095 Excess proceeds from sale of certain property held in trust: Separate accounting; use; nonreversion; investment; annual report; disposition of unexpended or unencumbered balance.

325 words·~1 min read·/nv/chapter-249-county-treasurers/249-095

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

1. Any money received by the county treasurer pursuant to paragraph

(a)of subsection 4 of NRS 361.610 must be accounted for separately in the county general fund.

2. Money in the account:

(a)May only be used to acquire technology for or improve the technology used in the office of the county treasurer, including, without limitation, the payment of any costs associated with acquiring or improving technology for converting or archiving records, purchasing hardware or software, maintaining the technology, training employees in the operation of the technology and contracting for professional services relating to the technology; and

(b)Must not be used to replace or supplant any money available from other sources to acquire technology for or improve technology used in the office of the county treasurer.

3. Any money remaining in the account at the end of a fiscal year does not revert to the county general fund, and the balance in the account must be carried forward to the next fiscal year.

4. The money in the account must be invested as other county funds are invested. All interest earned on the deposit or investment of the money in the account, after deducting any applicable charges, must be credited to the account. Claims against the account must be paid as other claims against the county are paid.

5. On or before July 1 of each year, the county treasurer shall submit a report to the board of county commissioners setting forth the projected expenditure of money in the account for the following fiscal year.

6. Fifty percent of any balance of unexpended or unencumbered money remaining in the account after 3 years shall be deemed dormant and subject to transfer at the discretion of and order by a board of county commissioners pursuant to NRS 354.150 .