Under existing law, with certain exceptions, any balance that is remaining at the end of a fiscal year in a budget account of a state agency reverts to the source of funding that supports the state agency. (NRS 353.253) This bill provides, with certain exceptions, for the nonreversion and retention by an agency of the Executive Department of the State Government of 50 percent of the remaining balances of appropriations made from the State General Fund or the State Highway Fund for the operation of the state agency that are not obligated for expenditure on or before the end of the fiscal year. This bill authorizes such a state agency to use that retained money for any purpose within the responsibilities of the state agency.

Statutes affected:
As Introduced: 353.253, 353.255
BDR: 353.253, 353.255