277.385 - Grants and financial assistance: Designation of responsible state agency; distribution of money from State General Fund; gifts, grants and loans; depositories.
277.385 Grants and financial assistance: Designation of responsible state agency; distribution of money from State General Fund; gifts, grants and loans; depositories.
1. The Governor shall designate a state agency to be responsible for making grants to regional development districts created under NRS 277.300 to 277.390, inclusive, from appropriations made available for this purpose. Financial assistance provided from the State General Fund must be distributed in the following manner:
(a) Fifty percent of the total amount allocated must be divided equally among the regional development districts.
(b) Twenty percent of the total amount allocated must be divided among the regional development districts in the proportion that the population of a district bears to the population of all districts in the State.
(c) Thirty percent of the total amount allocated must be divided among the regional development districts in the proportion that the total population of the counties and cities who are members of a district bears to the total population of all cities and counties that are members of all districts in the State. For purposes of this subsection, the population of a county does not include the population of a city within the county.
2. Financial assistance to previously established districts must not be reduced during a biennium to allocate money to a newly created regional development district.
3. A regional development district may accept gifts, apply for and use grants or loans of money or other property from the United States, the State, or any person, local governmental body or other entity for any purpose authorized pursuant to NRS 277.300 to 277.390, inclusive, and may enter into agreements required in connection therewith and may hold, use and dispose of such money or property in accordance with the terms of the gift, grant, loan, agreement or contract relating thereto. For purposes of receipt of state and federal funds for community or economic development, regional districts shall be deemed to be general purpose units of government and instrumentalities of the State.
4. A regional development district shall, from time to time, designate one or more official depositories for money of the district. The designation must be in writing and must set forth all the terms and conditions upon which the deposits are made, and must be signed by the chair and secretary, and made a part of the official minutes of the board.
(Added to NRS by 2003, 1959)
NRS 277.390 Population of county or city. For the purposes of NRS 277.300 to 277.390, inclusive, the population of a county or city is the population certified by the Governor pursuant to NRS 360.285.
(Added to NRS by 2003, 1959)