Revolving Account for Land Management

1. The Revolving Account for Land Management is hereby created as a special account in the State General Fund. 2. The State Land Registrar shall use the money in the Revolving Account to pay the expenses related to the management of land held by the Division and the acquisition of or interests in land, including, without limitation, expenses for: (a) Appraisals and land surveys; (b) Required environmental assessments of the land, including, without limitation, surveys of the biological, environmental and cultural conditions and resources of the land; (c) Construction of fences and barriers for vehicles; (d) The cleanup and maintenance of the land; and (e) Any mitigation required of the land. 3. The State Land Registrar shall: (a) Approve any disbursement from the Revolving Account; and (b) Maintain records of any such disbursement. 4. The State Land Registrar shall deposit into the Revolving Account money received by the Division as a donation or as a reimbursement for or advance payment of an expense paid out of the Revolving Account. 5. The balance of the Revolving Account must be carried forward at the end of each fiscal year. 6. If the balance in the Revolving Account is below $20,000, the State Land Registrar may request an allocation from the Contingency Account in the State General Fund pursuant to NRS 353.266, 353.268 and 353.269.