Money in the Account may be distributed as a loan to a local government because of a disaster for:
1. The payment of expenses incurred by the local government for:
(a) The repair or replacement of public roads, public streets, bridges, water control facilities, public buildings, public utilities, recreational facilities and parks owned by the local government and damaged by the disaster;
(b) Any overtime worked by an employee of the local government because of the disaster or any other extraordinary expenses incurred by the local government because of the disaster; and
(c) Any projects to reduce or prevent the possibility of damage to persons or property from similar disasters in the future; and
2. The payment of not more than 50 percent of any grant match the local government must provide to obtain a grant from a federal agency for an eligible project to repair damage caused by the disaster within the jurisdiction of the local government. Before a loan may be distributed to a local government pursuant to this subsection:
(a) The Interim Finance Committee must make a determination that the local government is currently unable to meet its financial obligations; and
(b) The local government must execute a loan agreement in which the local government agrees to:
(1) Use the money only for the purpose of paying the grant match; and
(2) Repay the entire amount of the loan, without any interest or other charges, to the Account not later than 10 years after the date on which the agreement is executed.
(Added to NRS by 1997, 2540; A 1999, 3131; 2003, 20th Special Session, 197; 2013, 3440)
Structure Nevada Revised Statutes
Chapter 353 - State Financial Administration
NRS 353.005 - Inapplicability of chapter to certain boards.
NRS 353.033 - Director of Office of Finance is ex officio Clerk of State Board of Examiners; duties.
NRS 353.035 - Attendance of witnesses: Subpoenas; fees.
NRS 353.040 - Policies and procedures.
NRS 353.045 - Powers of members: Oaths and affirmations; depositions.
NRS 353.055 - Examination of books and papers of State Controller and State Treasurer.
NRS 353.060 - Count of money in State Treasury by Legislative Auditor.
NRS 353.065 - Count of securities and money in custody of State Treasurer.
NRS 353.070 - Actual money only to be counted.
NRS 353.075 - Report to be filed following count.
NRS 353.080 - Failure of Legislative Auditor to perform duties: Penalties.
NRS 353.094 - Counties’ Trial Assistance Account: Claims by counties.
NRS 353.110 - Overpayment of taxes, license fees and other charges.
NRS 353.115 - Limitation of time for claim.
NRS 353.120 - Payment ordered or approved by State Board of Examiners.
NRS 353.135 - Notice of limited time for presentment to be printed on face of warrant.
NRS 353.146 - "State agency" defined.
NRS 353.147 - Placement of automated tellers at locations where state agency receives payments.
NRS 353.155 - "Chief" defined.
NRS 353.175 - Qualifications of Chief of Budget Division.
NRS 353.185 - General powers and duties of Chief of Budget Division.
NRS 353.195 - Examination of public accounts.
NRS 353.205 - Parts of proposed state budget; confidentiality; posting on websites.
NRS 353.213 - Limitation upon total proposed expenditures.
NRS 353.220 - Procedure for revision of work programs and allotments.
NRS 353.229 - Economic Forum: Technical Advisory Committee on Future State Revenues.
NRS 353.235 - Appropriation and authorization by Legislature.
NRS 353.240 - Governor to submit fiscal details to successor.
NRS 353.251 - State Agency Fund for Bonds.
NRS 353.253 - Deposits to work program accounts or other budget accounts; reversions; exceptions.
NRS 353.254 - Intergovernmental Fund.
NRS 353.255 - Appropriations to be applied specifically; penalty.
NRS 353.260 - Spending in excess of amount appropriated prohibited; claim void; penalties.
NRS 353.263 - Emergency Account.
NRS 353.2655 - Nevada Protection Account.
NRS 353.266 - Creation; source; use.
NRS 353.268 - Recommendation by State Board of Examiners for allocation from Contingency Account.
NRS 353.269 - Action by Interim Finance Committee; transfer by State Controller.
NRS 353.2707 - "Account" defined.
NRS 353.271 - "Disaster" defined.
NRS 353.2712 - "Division" defined.
NRS 353.2715 - "Eligible project" defined.
NRS 353.2725 - "Grant match" defined.
NRS 353.2731 - "Local government" defined.
NRS 353.2735 - Creation; administration; deposits; grants and loans.
NRS 353.2739 - Authorized grants and loans to tribal governments.
NRS 353.274 - Authorized grants to state agencies.
NRS 353.2745 - Authorized grants to local governments.
NRS 353.2751 - Authorized loans to local governments.
NRS 353.276 - Requests for grants and loans: Action by Interim Finance Committee; limitation.
NRS 353.2771 - Provision of resources of agencies and local governments required for grant or loan.
NRS 353.293 - Purpose of law; reservation of power to create funds and accounts.
NRS 353.2961 - "Account group" defined.
NRS 353.2965 - "Accounting system" defined.
NRS 353.2975 - "Agency fund" defined.
NRS 353.3025 - "Encumbrance" defined.
NRS 353.3027 - "Expenditure" defined.
NRS 353.307 - "Fund balance" defined.
NRS 353.3076 - "Generally accepted accounting principles" defined.
NRS 353.3085 - "Lapse" defined.
NRS 353.3087 - "Liability" defined.
NRS 353.311 - "Revenue" defined.
NRS 353.3115 - "Reversion" defined.
NRS 353.3135 - "Trust fund" defined.
NRS 353.319 - Administration of law; regulations.
NRS 353.321 - Categories of funds: Reporting; accounting; assignment by State Controller.
NRS 353.323 - State General Fund created; use of categories of funds and account groups.
NRS 353.3241 - Modified accrual or accrual basis of accounting to be used.
NRS 353.331 - Annual preparation; review and approval.
NRS 353.333 - Compilation; contents; availability.
NRS 353.335 - Procedure for acceptance of gift or grant of property or services.
NRS 353.337 - Grant from Federal Government: Compliance with requirement for public hearing.
NRS 353.510 - "Agreement" defined.
NRS 353.520 - "Board" defined.
NRS 353.530 - "Chief" defined.
NRS 353.540 - "State agency" defined.
NRS 353.545 - Legislative findings and declaration.
NRS 353.570 - State Treasurer authorized to take appropriate actions to facilitate agreements.