NRS 354.517 “Enterprise fund” defined.
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/nv/chapter-354-local-financial-administration/354-517·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
NRS 354.517 “Enterprise fund” defined. “Enterprise fund” means a fund established to account for operations:
1. Which are financed and conducted in a manner similar to the operations of private business enterprises, where the intent of the governing body is to have the expenses (including depreciation) of providing goods or services on a continuing basis to the general public, financed or recovered primarily through charges to the users; or
2. For which the governing body has decided that a periodic determination of revenues earned, expenses incurred and net income is consistent with public policy and is appropriate for capital maintenance, management control, accountability or other purposes.