1. There is hereby created the Nevada Protection Account in the State General Fund.
2. The money in the Account must be used to protect the State of Nevada and its residents through funding activities to prevent the location of a federal nuclear waste repository at Yucca Mountain.
3. The Account must be administered by the Governor, who may:
(a) Apply for and accept any gift, donation, bequest, grant or other source of money for deposit in the Account; and
(b) Expend any money received pursuant to paragraph (a) in accordance with subsection 2.
4. The interest and income earned on the money in the Account, after deducting any applicable charges, must be credited to the Account.
5. The money in the Account must remain in the Account and does not revert to the State General Fund at the end of any fiscal year.