Nevada § 373.087 - Local Fuel Tax Fund: Creation; investment; expenditures; nonreversion
Full text of Nevada Nevada Revised Statutes § 373.087 — Local Fuel Tax Fund: Creation; investment; expenditures; nonreversion, with citation guidance and answers to common questions.
§ 373.087. Local Fuel Tax Fund: Creation; investment; expenditures; nonreversion
1. The Local Fuel Tax Fund is hereby created as an enterprise fund. The Department shall deposit in the Fund all fees collected by the Department pursuant
to subsection 3 of NRS 373.083 . The Director of the Department shall administer the Fund. 2. Money in the Fund must be invested as the money in other state funds is invested. The interest and income earned on the money in the Fund, after deducting any applicable
charges, must be credited to the Fund. Claims against the Fund must be paid as other claims against the State are paid. 3. Money deposited in the Fund must only be expended: (a) To administer the system established by the Department pursuant to NRS 373.083 ; and (b) To reimburse a commission for any amounts paid by the commission pursuant to an
intergovernmental agreement or contract entered into pursuant to subsection 4 of NRS 373.083 . 4. The Director may maintain a reserve of not more than $500,000 in the Fund. The reserve must be accounted for separately in the Fund and must only be expended
to administer the system established by the Department pursuant to NRS 373.083 . 5. Any balance remaining in the Fund at the end of any fiscal year: (a) Does not revert to the State General Fund; and (b) Must be carried forward to the next fiscal year.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 373.087
What does Nevada Revised Statutes § 373.087 cover?
Section 373.087 ("Local Fuel Tax Fund: Creation; investment; expenditures; nonreversion") is part of the Nevada Revised Statutes, the codified statutory law of Nevada. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nevada § 373.087?
A common citation format is "Nevada Revised Statutes § 373.087" (Nevada). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nevada law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nevada official source linked on this page or consult a licensed Nevada attorney.
How does Nevada § 373.087 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nevada can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nevada.