NRS 373.087
Local Fuel Tax Fund: Creation

  • investment
  • expenditures
  • nonreversion.

1.

The Local Fuel Tax Fund is hereby created as an enterprise fund. The Department shall deposit in the Fund all fees collected by the Department pursuant to subsection 3 of NRS 373.083. The Director of the Department shall administer the Fund.

2.

Money in the Fund must be invested as the money in other state funds is invested. The interest and income earned on the money in the Fund, after deducting any applicable charges, must be credited to the Fund. Claims against the Fund must be paid as other claims against the State are paid.

3.

Money deposited in the Fund must only be expended:

(a)

To administer the system established by the Department pursuant to NRS 373.083; and

(b)

To reimburse a commission for any amounts paid by the commission pursuant to an intergovernmental agreement or contract entered into pursuant to subsection 4 of NRS 373.083.

4.

The Director may maintain a reserve of not more than $500,000 in the Fund. The reserve must be accounted for separately in the Fund and must only be expended to administer the system established by the Department pursuant to NRS 373.083.

5.

Any balance remaining in the Fund at the end of any fiscal year:

(a)

Does not revert to the State General Fund; and

(b)

Must be carried forward to the next fiscal year.

Source: Section 373.087 — Local Fuel Tax Fund: Creation; investment; expenditures; nonreversion., https://www.­leg.­state.­nv.­us/NRS/NRS-373.­html#NRS373Sec087.

373.010
Short title. 373.020
Definitions. 373.021
“Board” defined. 373.022
“City” defined. 373.023
“Commission” defined. 373.024
“Cost of the project” defined. 373.027
“Improvement” and “improve” defined. 373.028
“Project” defined. 373.029
“Town” defined. 373.030
Imposition of tax in certain counties. 373.062
Imposition of tax on diesel fuel in certain counties whose population is less than 100,000 373.065
Additional taxes in counties whose population is less than 700,000: Imposition 373.066
Additional taxes in certain counties whose population is 100,000 or more but less than 700,000: Imposition 373.070
Mandatory provisions of ordinance imposing tax 373.075
Mandatory provision of amendatory ordinance. 373.080
Transmittal to counties of taxes collected by Department 373.083
Returns by persons using special fuels 373.087
Local Fuel Tax Fund: Creation 373.090
Place of sale of fuel. 373.100
Redistribution of taxes, penalties and interest by Department. 373.110
Distribution and use of net proceeds of taxes 373.119
Use of certain collections from sale of fuel for boats 373.120
Limitation on repeal, amendment or modification of ordinance imposing tax 373.131
Payment of cost of project by issuance of revenue bonds and other securities and direct distribution from regional street and highway fund 373.140
Evaluation and approval by commission of project for construction, surfacing or resurfacing of street or highway 373.150
Distribution of revenue to cities and towns not included in regional plan for transportation 373.160
Pledges and liens to secure payment of revenue bonds or other securities. 373.190
Sale of revenue bonds. 373.200
Construction. 373.0205
“Acquisition” and “acquire” defined. 373.0245
“Department” defined. 373.0246
“Diesel fuel” defined. 373.0249
“Highway truck parking” defined. 373.0663
Additional taxes in certain counties whose population is 700,000 or more: Imposition
Last Updated

Feb. 5, 2021

§ 373.087’s source at nv​.us