Nevada Code § 482.180

Motor Vehicle Fund: Creation; deposits; interest and income; dishonored payments; distribution of money collected for basic governmental services tax; transfers
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1. The Motor Vehicle Fund is hereby
created as an agency fund. Except as otherwise provided in subsection 4 or by a
specific statute, all money received or collected by the Department must be
deposited in the State Treasury for credit to the Motor Vehicle Fund.
2. The interest and income on the money in
the Motor Vehicle Fund, after deducting any applicable charges, must be
credited to the State Highway Fund.
3. Any check accepted by the Department in
payment of the governmental services tax or any other fee required to be
collected pursuant to this chapter must, if it is dishonored upon presentation
for payment, be charged back against the Motor Vehicle Fund or the county to
which the payment was credited pursuant to this section or NRS 482.181 , in the proper proportion.
4. Except as otherwise provided in
subsection 6, all money received or collected by the Department for the basic
governmental services tax must be distributed in the manner set forth in NRS 482.181 and 482.182 .
5. Money for the administration of the
provisions of this chapter must be provided by direct legislative appropriation
from the State Highway Fund or other legislative authorization, upon the
presentation of budgets in the manner required by law. Out of the appropriation
or authorization, the Department shall pay every item of expense.
6. The Department shall withhold 6 percent
from the amount of the governmental services tax collected by the Department as
a commission. From the amount of the governmental services tax collected by a
county assessor, the State Controller shall credit 1 percent to the Department
as a commission and remit 5 percent to the county for credit to its general
fund as commission for the services of the county assessor. All money withheld
by or credited to the Department pursuant to this subsection must be used only
for the administration of this chapter as authorized by the Legislature
pursuant to subsection 5.
7. When the requirements of this section
and NRS 482.181 and 482.182 have been met, and when directed by
the Department, the State Controller shall transfer monthly to the State
Highway Fund any balance in the Motor Vehicle Fund.
8. If a statute requires that any money in
the Motor Vehicle Fund be transferred to another fund or account, the
Department shall direct the State Controller to transfer the money in
accordance with the statute.

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