Nevada Revised Statutes
Chapter 231 - Economic Development, Tourism and Cultural Affairs
NRS 231.1573 - Creation; disposition of interest and income; deposit of payments of loans; nonreversion; administration; gifts, grants and donations.


1. The Catalyst Account is hereby created in the State General Fund.
2. The interest and income earned on:
(a) Money in the Catalyst Account, after deducting any applicable charges; and
(b) Unexpended appropriations made to the Account from the State General Fund,
must be credited to the Catalyst Account.
3. All payments of principal and interest on any loan made with money from the Catalyst Account must be deposited in the Account.
4. Any money in the Catalyst Account and any unexpended appropriations made to the Account from the State General Fund remaining at the end of a fiscal year do not revert to the State General Fund, and the balance in the Catalyst Account must be carried forward to the next fiscal year.
5. The Executive Director shall administer the Catalyst Account and may apply for and accept any gift, grant, donation, bequest or other source of money for deposit in the Catalyst Account.
(Added to NRS by 2011, 3434; A 2011, 3486; 2013, 2748)

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Structure Nevada Revised Statutes

Nevada Revised Statutes

Chapter 231 - Economic Development, Tourism and Cultural Affairs

NRS 231.002 - Definitions.

NRS 231.003 - "Administrative or operating purposes" defined.

NRS 231.004 - "Board" defined.

NRS 231.005 - "Development resource" defined.

NRS 231.006 - "Executive Director" defined.

NRS 231.007 - "Office" defined.

NRS 231.008 - "Organization for economic development" defined.

NRS 231.009 - "Regional development authority" defined.

NRS 231.020 - "Motion pictures" defined.

NRS 231.033 - Board of Economic Development: Creation; membership; terms; officers; quorum; meetings; expenses.

NRS 231.037 - Board of Economic Development: Duties.

NRS 231.043 - Office of Economic Development: Creation; composition; budgets; classification of employees.

NRS 231.047 - Executive Director of Office of Economic Development: Appointment; classification; removal; prohibition on other employment.

NRS 231.053 - Executive Director of Office of Economic Development: Responsibility for Office; State Plan for Economic Development; regional development authorities; gifts, donations, bequests, grants and other sources of money for economic developme...

NRS 231.0535 - Executive Director of Office of Economic Development: Annual report to Governor and Legislature regarding Catalyst Account and transferable tax credits to promote economic development.

NRS 231.054 - Executive Director of Office of Economic Development: Regional development authorities to submit plans.

NRS 231.0543 - Executive Director of Office of Economic Development: Quarterly meetings with Southern Nevada Enterprise Community Board.

NRS 231.0545 - Executive Director of Office of Economic Development: Formation of nonprofit corporation to promote, aid and encourage economic development; regulations.

NRS 231.055 - Office of Economic Development: Provision of support for Board, regional development authorities and private sector to encourage economic development; coordination and oversight of all economic development in Nevada; assistance in marke...

NRS 231.057 - Office of Economic Development: Powers specific to contracts with regional development authorities.

NRS 231.060 - Office of Economic Development: Establishment of policies and approval of programs of Nevada Film Office; creation of special advisory committees.

NRS 231.064 - Office of Economic Development: Conduct of studies, investigations, research and educational activities; dissemination of information.

NRS 231.068 - Office of Economic Development: Award of grants for programs for occupational education.

NRS 231.0685 - Office of Economic Development: Biennial report to Legislature concerning abatements from taxation approved by the Office.

NRS 231.069 - Office of Economic Development: Confidentiality of records and documents submitted by client.

NRS 231.0695 - Office of Economic Development: Approval of partial tax abatement.

NRS 231.125 - Office of Economic Development: Fees to support activities.

NRS 231.127 - Nevada Film Office: Program to promote production of motion pictures.

NRS 231.128 - Registration and permits required for production of motion picture.

NRS 231.130 - Office of Economic Development: Use of records and assistance of other state agencies.

NRS 231.139 - Office of Economic Development: Certification of certain businesses for certain benefits related to the costs of electricity; requirements for certification; allocations from Contingency Account; fees; regulations.

NRS 231.1401 - Definitions.

NRS 231.1402 - "Local emerging small business" defined.

NRS 231.1403 - "Local purchasing contract" defined.

NRS 231.1404 - "State purchasing contract" defined.

NRS 231.1405 - Eligibility for certification: General requirements.

NRS 231.14052 - Eligibility for certification: Determination of full-time equivalent employee.

NRS 231.14055 - Application; certification and provision of information concerning financing programs for small businesses by Office of Economic Development; compilation and posting of list of certified businesses on Internet website.

NRS 231.14057 - Restoration of right to transact business under certain circumstances.

NRS 231.14065 - Establishment of outreach program in consultation with Department of Business and Industry and Purchasing Division and State Public Works Division of the Department of Administration; use of list of businesses.

NRS 231.1407 - Office of Economic Development: Duties.

NRS 231.14075 - Office of Economic Development: Annual report.

NRS 231.1408 - Office of Economic Development: Regulations.

NRS 231.1409 - Development and implementation; criteria for making loan; procedures for applying for loan; approval of applications for loans; rate of interest; deposits of principal and interest payments. [Effective through December 31, 2021.] Devel...

NRS 231.14095 - Small Business Enterprise Loan Account: Creation; administration; interest and income; nonreversion; use; claims; deposit of gifts, grants, bequests and donations.

NRS 231.141 - Definitions.

NRS 231.1415 - "Authorized provider" defined.

NRS 231.146 - "Program of workforce development" defined.

NRS 231.1465 - Declaration of public policy regarding implementation of programs of workforce development.

NRS 231.1467 - Application for approval of program of workforce recruitment, assessment and training; application for allocation, grant or loan of money to defray cost of program; application for participation of business in approved program.

NRS 231.1468 - Required contents of workforce diversity action plan.

NRS 231.147 - Application for approval of program of workforce training for incumbent employees that will result in certain credentials or identifiable occupational skills; contents of application; assistance in completing application; approval or de...

NRS 231.1473 - Request for confidentiality of proprietary information, intellectual property or trade secret in training materials.

NRS 231.1475 - Application of credit received by student for completion of program of workforce development toward credit required for related credential, certificate or degree from certain institutions.

NRS 231.149 - Office authorized to apply for and accept gifts, grants, donations and contributions; deposit of money in Workforce Innovations for a New Nevada Account; conditions on receipt and use of money by Office.

NRS 231.151 - Workforce Innovations for a New Nevada Account: Creation; uses; reversion; administration.

NRS 231.1513 - Office of Economic Development: Biennial report to Legislature concerning programs of workforce development.

NRS 231.152 - Adoption of regulations by Office.

NRS 231.1525 - Duties of Office of Economic Development; agreement with nonprofit organization; acceptance of gifts, grants and donations.

NRS 231.1531 - Definitions.

NRS 231.1532 - "Account" defined.

NRS 231.1533 - "Program" defined.

NRS 231.1534 - Creation; duties.

NRS 231.1535 - Regulations; coordination.

NRS 231.1536 - Account for the Nevada Main Street Program: Creation; administration; use; deposits; interest and income; claims; nonreversion.

NRS 231.1555 - Application for certificate of eligibility; taxes to which credit may be applied; procedures for applying for certificate of eligibility and criteria for issuance of certificate of transferable tax credits; review, evaluation and appro...

NRS 231.1573 - Creation; disposition of interest and income; deposit of payments of loans; nonreversion; administration; gifts, grants and donations.

NRS 231.1577 - Grant or loan from Account: Procedures for applying; application by county or city; review, evaluation and approval of applications.

NRS 231.1579 - Grant from regional development authority to another organization for economic development: Procedures; requirements; reports.

NRS 231.1591 - Definitions.

NRS 231.1592 - Creation; disposition of interest and income; nonreversion; administration; gifts, grants and donations; allocations.

NRS 231.1593 - Commercialization revenue: Authority of Executive Director to enter into agreement for allocation with research university or Desert Research Institute; deposit in Account.

NRS 231.1594 - Allocations from Account: Procedures for applying; application by research university or Desert Research Institute; review and approval of applications; use of money; factors to be considered.

NRS 231.1595 - Powers and duties of Executive Director: Establishment of economic development goals and objectives; expansion of research; enhancement of transfer and commercialization of research and technologies; verification and monitoring of rese...

NRS 231.1596 - Technology outreach program: Establishment; required functions; cooperative design and operation with technology transfer offices at research universities and Desert Research Institute.

NRS 231.1597 - Authorized uses of allocations from the Account.

NRS 231.161 - Definitions.

NRS 231.163 - "Department" defined.

NRS 231.165 - "Director" defined.

NRS 231.167 - Creation; divisions.

NRS 231.169 - Bequests and gifts unaffected by creation of Department.

NRS 231.170 - Commission on Tourism: Appointment and qualifications of members.

NRS 231.180 - Commission on Tourism: Meetings; Secretary; rules; quorum; removal of appointed members.

NRS 231.190 - Commission on Tourism: Salary of appointed members.

NRS 231.200 - Commission on Tourism: Establishment of certain policies for and approval of certain programs and budgets of Division of Tourism; regulations; creation of special advisory committees.

NRS 231.210 - Director: Appointment; classification; restrictions on other employment.

NRS 231.220 - Director: Powers and duties.

NRS 231.230 - Employment of staff and consultants; contracts with public and private entities; classification of employees.

NRS 231.235 - Director: Use of records and assistance of other state agencies.

NRS 231.240 - Fees for materials prepared for distribution.

NRS 231.250 - Fund for the Promotion of Tourism.

NRS 231.260 - Duties.

NRS 231.270 - Formation of councils on tourism; production of promotional films; dissemination of information.

NRS 231.290 - Fund for the Nevada Magazine; conditions for trading of advertising services for services or products that benefit Nevada Magazine.

NRS 231.310 - Definitions.

NRS 231.320 - "Commission" defined.

NRS 231.330 - "Development of projects relating to tourism" defined.

NRS 231.340 - "Grant Program" defined.

NRS 231.360 - Powers and duties of Commission on Tourism: Development and administration of Grant Program for Development of Projects Relating to Tourism; sources of money for Program; administration of account.

NRS 231.600 - Definitions.

NRS 231.610 - "Air carrier" defined.

NRS 231.620 - "Commission" defined.

NRS 231.630 - "Fund" defined.

NRS 231.640 - "Large hub airport" defined.

NRS 231.650 - "Local air service development entity" defined.

NRS 231.660 - "Nonhub airport" defined.

NRS 231.670 - "Small hub airport" defined.

NRS 231.680 - Creation; election of Chair and Vice Chair; meetings; quorum.

NRS 231.690 - Nevada Air Service Development Fund: Creation; gifts, grants and donations; interest; use.

NRS 231.700 - Administration of Fund; regulations.

NRS 231.710 - Grant program for air service or enhanced air service; requirements for grant application.

NRS 231.720 - Award of grants.