Nevada Revised Statutes Title 58. Energy; Public Utilities and Similar Entities § 701.370. Trust Account for Renewable Energy and Energy Conservation:  Creation;  administration;  expenditures

1. The Trust Account for Renewable Energy and Energy Conservation is hereby created in the State General Fund.

2. The Director shall administer the Account.  As administrator of the Account, the Director:

3. The interest and income earned on the money in the Account must, after deducting any applicable charges, be credited to the Account.  All claims against the Account must be paid as other claims against the State are paid.

4. Not more than 2 percent of the money in the Account may be used to pay the costs of administering the Account.

5. The money in the Account remains in the Account and does not revert to the State General Fund at the end of any fiscal year.

6. All money that is deposited or paid into the Account may only be expended pursuant to an allocation made by the Director.  Money expended from the Account must not be used to supplant existing methods of funding that are available to public agencies.