Nevada § 427A.893 Administration of Trust Fund and other certain accounts; certain administrative or investment agreements authorized; establishment and authorized uses of accounts

Nevada Statutes

§ 427A.893 — Administration of Trust Fund and other certain accounts; certain administrative or investment agreements authorized; establishment and authorized uses of accounts

Nevada § 427A.893

Title 38PUBLIC WELFARE

Ch. 427AServices

NEVADA ABLE SAVINGS PROGRAM

This text of Nevada § 427A.893 (Administration of Trust Fund and other certain accounts; certain administrative or investment agreements authorized; establishment and authorized uses of accounts) 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. § 427A.893 (2026).

Text

1. The Trust Fund and any account established by the State Treasurer pursuant to this section must be administered by the State Treasurer. 2. In carrying out the provisions of NRS 427A.882 to 427A.896 , inclusive, the State Treasurer may use any administrative or investment agreements or arrangements used for the Nevada College Savings Program created pursuant to NRS 353B.300 to 353B.370 , inclusive, without soliciting separate proposals for assistance with the management of all or part of the Nevada ABLE Savings Program. 3. The State Treasurer shall establish such accounts as he or she determines necessary to carry out his or her duties pursuant to NRS 427A.882 to 427A.896 , inclusive, including, without limitation:

(a)A Program Account in the Trust Fund; and

(b)An Administrative Accoun

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1. The Trust Fund and any account established by the State Treasurer pursuant to this section must be administered by the State Treasurer.
2. In carrying out the provisions of NRS 427A.882 to 427A.896 , inclusive, the State Treasurer may use any administrative or investment agreements or arrangements used for the Nevada College Savings Program created pursuant to NRS 353B.300 to 353B.370 , inclusive, without soliciting separate proposals for assistance with the management of all or part of the Nevada ABLE Savings Program.
3. The State Treasurer shall establish such accounts as he or she determines necessary to carry out his or her duties pursuant to NRS 427A.882 to 427A.896 , inclusive, including, without limitation:
(a) A Program Account in the Trust Fund; and
(b) An Administrative Account and an Endowment Account in the State General Fund.
4. The Program Account must be used for the receipt, investment and disbursement of money pursuant to savings trust agreements.
5. The Administrative Account must be used for the deposit and disbursement of money to administer and market the Nevada ABLE Savings Program.
6. The Endowment Account must be used for the deposit of any money received by the Nevada ABLE Savings Program pursuant to subsection 6 of NRS 427A.889 or that is not received pursuant to a savings trust agreement and, in the determination of the State Treasurer, is not necessary for the use of the Administrative Account. The money in the Endowment Account may be expended for any purpose related to the Nevada ABLE Savings Program, including, without limitation, for contributions to savings trust accounts, or in any other manner which assists residents of this State who are eligible individuals as defined in 26 U.S.C. § 529A, as amended.