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Current as of January 01, 2025 | Updated by Findlaw Staff
1. It is the purpose of the State Accounting Procedures Law to set forth legislative policy governing the State's financial procedures which relate to accounting and reporting, and to establish a system of accounting for the State that:
(a) Presents fairly and with full disclosure the financial position and the results of financial operations of the funds and account groups of the State in conformity with generally accepted accounting principles; and
(b) Determines and demonstrates compliance with legal and contractual requirements related to finance.
2. The Legislature reserves the sole right to establish funds and account groups not provided for by the Nevada Constitution.
Cite this article: FindLaw.com - Nevada Revised Statutes Title 31. Public Financial Administration § 353.293. Purpose of law; reservation of power to create funds and accounts - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-31-public-financial-administration/nv-rev-st-353-293/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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