1. 1. Each releasing agency shall:

   1. (a) Establish an account at a bank, credit union, savings and loan association or savings bank that is located within the State of Nevada; and

   2. (b) Place in that account:

      1. (1) A deposit paid by a new owner pursuant to NRS 574.640; and
      2. (2) Money collected by the agency pursuant to subsection 4 of NRS 574.655.

2. 2. The releasing agency may expend money in such an account only to:

   1. (a) Provide education and information regarding the sterilization of pets;
   2. (b) Provide financial assistance to persons with financial need to enable such persons to have their pets sterilized; and
   3. (c) Carry out and enforce NRS 574.600 to 574.660, inclusive.
3. 3. If a releasing agency is an agency or instrumentality of a local government, money in such an account at the end of the fiscal year does not revert to the general fund of the local government but remains in the account for expenditure pursuant to subsection 2.

(Added to NRS by 1997, 2557)