Nev. Rev. Stat. § 365.545 — Proceeds of taxes on fuel for jet or turbine-powered aircraft

1.  The proceeds of all taxes on fuel for
jet or turbine-powered aircraft imposed pursuant to the provisions of NRS 365.170 or 365.203 must be deposited in the Account
for Taxes on Fuel for Jet or Turbine-Powered Aircraft in the State General Fund
and must be allocated monthly by the Department to the:
(a) Governmental entity which operates the
airport at which the tax was collected, if the airport is operated by a
governmental entity;
(b) Governmental entity which owns the airport at
which the tax was collected, if the airport is owned but not operated by a governmental
entity; or
(c) Airport at which the tax was collected, if
the airport is neither owned nor operated by a governmental entity.
2.  Except as otherwise provided in
subsection 3, the money allocated pursuant to subsection 1:
(a) Must be used by the governmental entity or
airport receiving it to pay the cost of:
(1) Transportation projects related to
airports, including access on the ground to airports;
(2) The payment of principal and interest
on notes, bonds or other obligations incurred to fund projects described in
subparagraph (1);
(3) Promoting the use of an airport
located in a county whose population is less than 700,000, including, without
limitation, increasing the number and availability of flights at the airport;
(4) Contributing money to the Trust Fund
for Aviation created by NRS 494.048 ; or
(5) Any combination of those purposes; and
(b) May also be pledged for the payment of
general or special obligations issued to fund projects described in paragraph
(a). Any money pledged pursuant to this paragraph may be treated as pledged
revenues of the project for the purposes of subsection 3 of NRS 350.020 .
3.  Any money allocated pursuant to
subsection 1 to a county whose population is 700,000 or more and in which a
regional transportation commission has been created pursuant to chapter 277A of NRS, from the proceeds of the
tax imposed pursuant to paragraph (a) of subsection 2 of NRS 365.170 on fuel for jet or
turbine-powered aircraft sold, distributed or used in that county, excluding
the proceeds of any tax imposed pursuant to NRS
365.203 , may, in addition to the uses authorized pursuant to subsection 2,
be allocated by the county to that regional transportation commission. The
money allocated pursuant to this subsection to a regional transportation
commission:
(a) Must be used by the regional transportation
commission:
(1) To pay the cost of transportation
projects described in a regional plan for transportation established by that
regional transportation commission pursuant to NRS 277A.210 ;
(2) For the payment of principal and
interest on notes, bonds or other obligations incurred to fund projects
described in subparagraph (1); or
(3) For any combination of those purposes;
and
(b) May also be pledged for the payment of
general or special obligations issued by the county at the request of the
regional transportation commission to fund projects described in paragraph (a).
Any money pledged pursuant to this paragraph may be treated as pledged revenues
of the project for the purposes of subsection 3 of NRS 350.020 .