NRS 232.49967 Account for the Graduate Medical Education Grant Program: Creation; administration; deposits; interest and income; uses of money; nonreversion; payment of claims.

320 words·~1 min read·/nv/chapter-232-state-departments/232-49967·

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

1. The Account for the Graduate Medical Education Grant Program is hereby created in the State General Fund. The Director of the Nevada Health Authority or his or her designee shall administer the Account.

2. The Director of the Nevada Health Authority or his or her designee may:

(a)Accept any gift, donation, bequest or devise; and

(b)Apply for and accept any grant, loan or other source of money,

Ê for deposit in the Account to assist the Director in carrying out the Graduate Medical Education Grant Program established pursuant to NRS 232.49961 .

3. The interest and income earned on the money in the Account, after deducting any applicable charges, must be credited to the Account.

4. The money in the Account must only be used to:

(a)Award competitive grants to institutions in this State:

(1)Seeking to create, expand or retain programs for residency training and postdoctoral fellowships that are approved by the Accreditation Council for Graduate Medical Education or its successor organization; or

(2)Operating programs for residency training that are approved by the Accreditation Council for Graduate Medical Education, or its successor organization, and that are training a number of residents that exceeds the maximum number of full-time equivalent resident positions for which the institution receives direct graduate medical education or indirect medical education payments from Medicare; and

(b)Defray the costs of establishing and administering the Graduate Medical Education Grant Program established pursuant to NRS 232.49961 .

5. Any money remaining in the Account at the end of the 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.

6. Claims against the Account must be paid as other claims against the State are paid.