Existing law creates the Account to Stabilize the Operation of the State Government and prohibits the balance in the Account from being more than 20 percent of the total of all appropriations from the State General Fund for the operation of all departments, institutions and agencies of the State Government and for the funding of schools and the regulation of gaming for the fiscal year in which that revenue will be transferred to the Account. (NRS 353.288) This bill revises the maximum balance authorized in the Account by basing the maximum amount authorized on the appropriations for the biennium rather than the appropriations for the fiscal year.

Statutes affected:
As Introduced: 353.288
BDR: 353.288