Nev. Rev. Stat. § 360.850 — 360.850

NRS  360.850    Distribution of money pledged pursuant to NRS 271.650 ;
distribution and use of excess amounts; adoption of regulations by Nevada Tax
Commission for collection and distribution of pledged money.
1.  The State Controller, acting upon the
collection data furnished by the Department, shall remit to the governing body
of a municipality that adopts an assessment ordinance in accordance with NRS 271.650 in the manner provided pursuant
to an agreement made pursuant to NRS 271.660 :
(a) From the State General Fund, the amount of
money pledged pursuant to the ordinance in accordance with paragraph (a) of
subsection 1 of NRS 271.650 which amount
is hereby appropriated for that purpose; and
(b) From the Sales and Use Tax Account in the
State General Fund, the amount of the proceeds pledged pursuant to the
ordinance in accordance with paragraphs (b) and (c) of subsection 1 of NRS 271.650 .
2.  The governing body of a municipality
that adopts an assessment ordinance in accordance with NRS 271.650 shall promptly remit to the
State Controller any amount received pursuant to this section in excess of the
amount required to carry out the provisions of NRS 271.4315 with regard to the project
for which the assessment ordinance was adopted. The State Controller shall
deposit any money received from a governing body of a municipality pursuant to
this subsection in the appropriate account in the State General Fund for
distribution and use as if the money had not been pledged pursuant to an
assessment ordinance adopted in accordance with NRS 271.650 in the following order of
priority:
(a) First, to the credit of the State Education
Fund to the extent that the money would have been transferred to the Fund, if
not for the pledge of the money pursuant to the assessment ordinance, pursuant
to paragraph (c) of subsection 3 of NRS
374.785 for the fiscal year in which the State Controller receives the
money;
(b) Second, to the State General Fund to the
extent that the money would not have been appropriated, if not for the pledge
of the money pursuant to the assessment ordinance, pursuant to paragraph (a) of
subsection 1 for the fiscal year in which the State Controller receives the
money; and
(c) Third, to the credit of any other funds and
accounts to which the money would have been distributed, if not for the pledge
of the money pursuant to the assessment ordinance, for the fiscal year in which
the State Controller receives the money.
3.  The Nevada Tax Commission may adopt
such regulations as it deems appropriate to ensure the proper collection and
distribution of any money pledged pursuant to an assessment ordinance adopted
in accordance with NRS 271.650 .