Nevada § 388.365 Designation of Fund; use of money

Nevada Statutes

§ 388.365 — Designation of Fund; use of money

Nevada § 388.365

Title 34EDUCATION

Ch. 388System

Administration of Career and Technical Education; Gift Fund for Career and Technical Education

This text of Nevada § 388.365 (Designation of Fund; use of 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. § 388.365 (2026).

Text

1.All gifts of money which the State Board is authorized to accept for career and technical education must be deposited in a permanent trust fund in the State Treasury designated as the Gift Fund for Career and Technical Education.

2.The money available in the Fund must be used only for the purpose specified by the donor, within the scope of the State Board’s powers and duties. The State Board may adopt regulations or establish policies for the disbursement of money from the Fund in accordance with the terms of the gift or bequest on warrants of the State Controller issued upon the orders of the Superintendent of Public Instruction. Any expenditures pursuant to this section may include matching state and federal money available for career and technical education.

3.If all or part of the

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1. All gifts of money which the State Board is authorized to accept for career and technical education must be deposited in a permanent trust fund in the State Treasury designated as the Gift Fund for Career and Technical Education.
2. The money available in the Fund must be used only for the purpose specified by the donor, within the scope of the State Board’s powers and duties. The State Board may adopt regulations or establish policies for the disbursement of money from the Fund in accordance with the terms of the gift or bequest on warrants of the State Controller issued upon the orders of the Superintendent of Public Instruction. Any expenditures pursuant to this section may include matching state and federal money available for career and technical education.
3. If all or part of the money accepted by the State Board from a donor is not expended before the end of the fiscal year in which the gift was accepted, the remaining balance of the amount donated must remain in the Fund until needed for the purpose specified by the donor.