NRS 432.016 Nevada Children’s Gift Account.
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/nv/chapter-432-public-services-for-children/432-016·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
NRS 432.016 Nevada Children’s Gift Account.
1. All gifts of money that the Division is authorized to accept must be deposited in the Nevada Children’s Gift Account in the Department of Human Services’ Gift Fund.
2. Money in the Gift Account may be used to benefit the children to whom shelter and care is provided by the Division. Each gift must be expended in accordance with the terms of the gift.
3. The interest and income earned on the money in the Nevada Children’s Gift Account, after deducting any applicable charges, must be credited to the Gift Account.
4. The Division may transfer each fiscal year from the Nevada Children’s Gift Account to the Nevada Children’s Gift Revolving Account created pursuant to NRS 432.0165 an amount not to exceed the amount of interest and income earned for that fiscal year on the money in the Nevada Children’s Gift Account.
5. Each claim against the Nevada Children’s Gift Account must be approved by the Administrator or the designee of the Administrator before it is paid.