NRS 223.492 Grant Matching Account: Creation; administration; sources.

178 words·~1 min read·/nv/chapter-223-governor/223-492

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

1. The Grant Matching Account is hereby created in the State General Fund. The Office shall administer the Grant Matching Account.

2. Money received from:

(a)A direct legislative appropriation to the Grant Matching Account;

(b)A transfer from the Abandoned Property Trust Account pursuant to NRS 120A.620 ; and

(c)A grant, gift or donation to the Grant Matching Account,

Ê must be deposited in the Grant Matching Account. The interest and income earned on the money in the Grant Matching Account must be credited to the Grant Matching Account.

3. Any money remaining in the Grant Matching Account at the end of a fiscal year does not revert to the State General Fund, and the balance in the Account must be carried forward to the next fiscal year.

4. All money received from a grant, gift or donation to the Grant Matching Account:

(a)Must be accounted for separately in the Account; and

(b)Must be expended in accordance with the terms of the gift, grant or donation.