Nevada § 387.3341 Creation; acceptance of gifts and grants; investment; payment of claims; required use of grant money

Nevada Statutes

§ 387.3341 — Creation; acceptance of gifts and grants; investment; payment of claims; required use of grant money

Nevada § 387.3341

Title 34EDUCATION

Ch. 387Financial

Fund to Assist Rural School Districts in Financing Capital Improvements

This text of Nevada § 387.3341 (Creation; acceptance of gifts and grants; investment; payment of claims; required use of grant money) is published on Counsel Stack Legal Research, covering Nevada primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Nev. Rev. Stat. § 387.3341 (2026).

Text

1.The Fund to Assist Rural School Districts in Financing Capital Improvements is hereby created in the State Treasury, to be administered by the Director of the Office of Finance. All money received and held by the State Treasurer for the purpose of the Fund must be deposited in the Fund.

2.The Director of the Office of Finance may accept gifts and grants from any source for deposit in the Fund.

3.The money in the Fund must be invested as the money in other state funds is invested. All interest and income earned on the money in the Fund must be credited to the Fund.

4.Claims against the Fund must be paid as other claims against the State are paid.

5.Money in the Fund must be used to make grants to school districts in counties whose population is less than 100,000, for the following pu

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1. The Fund to Assist Rural School Districts in Financing Capital Improvements is hereby created in the State Treasury, to be administered by the Director of the Office of Finance. All money received and held by the State Treasurer for the purpose of the Fund must be deposited in the Fund.
2. The Director of the Office of Finance may accept gifts and grants from any source for deposit in the Fund.
3. The money in the Fund must be invested as the money in other state funds is invested. All interest and income earned on the money in the Fund must be credited to the Fund.
4. Claims against the Fund must be paid as other claims against the State are paid.
5. Money in the Fund must be used to make grants to school districts in counties whose population is less than 100,000, for the following purposes:
(a) Construction, design or purchase of new buildings for schools, including, but not limited to, teacherages, dormitories, dining halls, gymnasiums and stadiums.
(b) Enlarging, remodeling or repairing existing buildings or grounds for schools, including, but not limited to, teacherages, dormitories, dining halls, gymnasiums and stadiums.
(c) Acquiring sites for building schools, or additional real property for necessary purposes related to schools, including, but not limited to, playgrounds, athletic fields and sites for stadiums.