Nevada § 373.087 Local Fuel Tax Fund: Creation; investment; expenditures; nonreversion

Nevada Statutes

§ 373.087 — Local Fuel Tax Fund: Creation; investment; expenditures; nonreversion

Nevada § 373.087

Title 32REVENUE AND TAXATION

Ch. 373County

This text of Nevada § 373.087 (Local Fuel Tax Fund: Creation; investment; expenditures; nonreversion) is published on Counsel Stack Legal Research, covering Nevada primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Nev. Rev. Stat. § 373.087 (2026).

Text

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 con

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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.