Whenever claims payable and properly approved exceed the amount of the cash in the State Purchasing Fund, the State Controller may transfer temporarily from the State General Fund to the State Purchasing Fund such amount as may be required to pay the claims, but not to exceed the lesser of:
1. The amount receivable from using agencies and political subdivisions as certified by the Purchasing Division;
2. The maximum balance of the State Purchasing Fund, if reduced pursuant to subsection 4 of NRS 333.120; or
3. Eight hundred and fifty thousand dollars.
(Added to NRS by 1965, 1022; A 1979, 1794; 1981, 348; 1987, 316; 2001, 1457)