Account for Silver State General Assistance Program: Transfer of money from State General Fund

1. The Director of the Office of Finance in the Office of the Governor may submit a request to the State Board of Examiners to transfer money from the unrestricted balance of the State General Fund to the Account for the Silver State General Assistance Program created by NRS 422A.610 if: (a) The Director determines that such a transfer will not cause the projected ending balance of the State General Fund for the fiscal year in which the transfer is requested to be made to be less than 5 percent of the total of all proposed appropriations from the State General Fund for the operation of all departments, institutions and agencies of the State Government and authorized expenditures from the State General Fund for the regulation of gaming for that fiscal year; and (b) The Governor has declared that an extraordinary circumstance exists. 2. The State Board of Examiners shall consider a request made pursuant to subsection 1 and shall, if it finds that a transfer should be made, recommend the amount of the transfer to the Interim Finance Committee for its independent evaluation and action. The Interim Finance Committee is not bound to follow the recommendation of the State Board of Examiners. 3. If the Interim Finance Committee finds that a transfer recommended by the State Board of Examiners should and may lawfully be made, the Committee shall by resolution establish the amount and direct the State Controller to transfer that amount to the Account for the Silver State General Assistance Program. The State Controller shall thereupon make the transfer. 4. Money transferred pursuant to this section to the Account for the Silver State General Assistance Program is a continuing appropriation solely for the purpose of authorizing the expenditure of the transferred money for the provision of assistance under the Program for the extraordinary circumstance.