703.147 - Public Utilities Commission Regulatory Fund.
703.147 Public Utilities Commission Regulatory Fund.
1. The Public Utilities Commission Regulatory Fund is hereby created as a special revenue fund. Except as otherwise provided in NRS 702.170 and 704.7828, all money collected by the Commission pursuant to law must be deposited in the State Treasury for credit to the Fund. Money collected for the use of the Consumer’s Advocate of the Bureau of Consumer Protection in the Office of the Attorney General must be transferred pursuant to the provisions of subsection 8 of NRS 704.035.
2. Money in the Fund which belongs to the Commission may be used only to defray the costs of:
(a) Maintaining staff and equipment to regulate adequately public utilities and other persons subject to the jurisdiction of the Commission.
(b) Participating in all rate cases involving those persons.
(c) Audits, inspections, investigations, publication of notices, reports and retaining consultants connected with that regulation and participation.
(d) The salaries, travel expenses and subsistence allowances of the members of the Commission.
3. All claims against the Fund must be paid as other claims against the State are paid.
4. The Commission must furnish upon request a statement showing the balance remaining in the Fund as of the close of the preceding fiscal year.
(Added to NRS by 1979, 148; A 1981, 1677; 1997, 1883; 2001, 2526, 3238)
NRS 703.148 Expenditure of money from reserve account to provide education and informational services to public; use of independent contractor to provide such services. The Commission may expend money from its reserve account to provide education and informational services necessary to educate and inform the residents in this state on issues related to the provision of utility services in this state. The Commission may contract with an independent person to provide such educational and informational services.
(Added to NRS by 1997, 1902; A 2001, 352)—(Substituted in revision for NRS 704.961)