1. Except as otherwise provided by law, any money appropriated to the Commissioner or the Division of Financial Institutions and any money collected by the Commissioner or Division pursuant to law:
(a) Must be deposited in the State Treasury and accounted for separately in the State General Fund; and
(b) May only be used to:
(1) Carry out the programs and laws administered by the Commissioner and the Division; and
(2) Pay the expenses related to the operations of the Commissioner and the Division.
2. Except as otherwise provided by law, any money that remains in the account at the end of the fiscal year does not revert to the State General Fund, and the balance of the account must be carried forward to the next fiscal year.
3. The Commissioner shall administer the account. Any interest or income earned on the money in the account must be credited to the account, after deducting any applicable charges. Any claims against the account must be paid as other claims against the State are paid.
(Added to NRS by 2003, 3225)
Structure Nevada Revised Statutes
Chapter 658 - Supervision and Control
NRS 658.015 - Administration of provisions of certain chapters.
NRS 658.021 - Commissioner: Qualifications; restrictions on other employment.
NRS 658.025 - Commissioner prohibited from having interest in bank or regulated corporation.
NRS 658.035 - Oath of Commissioner.
NRS 658.065 - Oath of deputy commissioners.
NRS 658.085 - Advisory capacity of State Board of Finance.
NRS 658.091 - Deposit, use and disposition of money; Commissioner to administer account.
NRS 658.096 - Fees charged by Commissioner; regulations.
NRS 658.105 - Powers of Commissioner.
NRS 658.115 - Summary orders of Commissioner.
NRS 658.125 - Appeals to State Board of Finance.
NRS 658.135 - Attestation of licenses, orders and certificates.
NRS 658.145 - Power of Commissioner to offer rewards.
NRS 658.185 - Incidental powers of Commissioner.
NRS 658.195 - Right to sue and defend in actions involving banks; liability to suit.
NRS 658.200 - Nontraditional mortgage loan products; disclosures required.