1. The Nevada Attainable Housing Account is hereby created in the State General Fund. All money that is collected for the use of the Account from any source must be deposited in the Account.
2. The money in the Nevada Attainable Housing Account must be used for the purposes described in NRS 319.740.
3. The Nevada Attainable Housing Account must be administered by the Division. The Division may apply for and accept any gift, grant, donation, bequest or other source of money for deposit in the Account.
4. The interest and income earned on money in the Nevada Attainable Housing Account, after deducting any applicable charges, must be credited to the Account.
5. Any money remaining in the Account at the end of the fiscal year must remain in the Account and does not revert to the State General Fund, and the balance in the Account must be carried forward to the next fiscal year.
1. The Nevada Attainable Housing Account is hereby created in the State General Fund. All money that is collected for the use of the Account from any source must be deposited in the Account.
2. The money in the Nevada Attainable Housing Account must be used for the purposes described in NRS 319.740.
3. The Nevada Attainable Housing Account must be administered by the Division. The Division may apply for and accept any gift, grant, donation, bequest or other source of money for deposit in the Account.
4. The interest and income earned on money in the Nevada Attainable Housing Account, after deducting any applicable charges, must be credited to the Account.
5. Except as otherwise provided in subsection 6, any money remaining in the Account at the end of the fiscal year must remain in the Account and does not revert to the State General Fund, and the balance in the Account must be carried forward to the next fiscal year.
6. At the end of each fiscal year, any money in the Account that exceeds $133,000,000 must be transferred to the State General Fund.