NRS 233A.1027 Department of Native American Affairs’ Gift Fund: Creation; deposits; payment of claims; sale of donated property.

285 words·~1 min read·/nv/chapter-233a-indian-affairs/233a-1027

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

1. Except for gifts or grants specifically accounted for in another fund, all gifts or grants of money, revenues generated or other property which the Department is authorized to accept must be accounted for in the Department of Native American Affairs’ Gift Fund, which is hereby created as a special revenue fund. The Fund is a continuing fund without reversion. The Department may establish such accounts in the Fund as are necessary to account properly for gifts, grants and revenues received and money received pursuant to NRS 233A.1041 .

All such money received by the Department must be deposited in the State Treasury for credit to the Fund. The money in the Fund must be paid out on claims as other claims against the State are paid. Unless otherwise specifically provided by statute, claims against the Fund must be approved by the Executive Director or his or her designee.

2. Gifts of property other than money may be sold or exchanged when this is deemed by the Department to be in the best interest of the Department. The sale price must not be less than 90 percent of the value determined by a qualified appraiser appointed by the Department. All money received from the sale must be deposited in the State Treasury to the credit of the appropriate gift account in the Department of Native American Affairs’ Gift Fund. The money may be spent only for the purposes of the Department. The property may not be sold or exchanged if to do so would violate the terms of the gift.

Stewart Indian School Cultural Center and Museum