Nevada Revised Statutes (Last Updated: December 24, 2014) |
TITLE31 PUBLIC FINANCIAL ADMINISTRATION |
CHAPTER354. Local Financial Administration |
BUDGETS OF LOCAL GOVERNMENTS |
NRS354.608. Contingency account: Establishment; limit on appropriations; expenditures.
Latest version.
- A contingency account may be established in any governmental fund. The maximum amount which may be appropriated for such a contingency account is 3 percent of the money otherwise appropriated to the fund, exclusive of any amounts to be transferred to other funds. No expenditure may be made directly from such a contingency account, except as a transfer to the appropriate account, and then only in accordance with the procedure established in NRS 354.598005.
(Added to NRS by 1965, 733; A 1981, 1766; 2001, 1807)