Nevada Code § 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
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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 .

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