Nevada Revised Statutes 378.090 – Gift Fund for the State Library, Archives and Public Records: Money to be deposited therein; nature of Fund; disposition of interest and income
Current as of: 2022 | Check for updates
|
Other versions
Any gift of money to the State Library, Archives and Public Records or to the State of Nevada for its library or archives which the State Library, Archives and Public Records Administrator is authorized to accept must be deposited in the State Treasury in a fund to be known as the Gift Fund for the State Library, Archives and Public Records. This Fund is a continuing fund without reversion, and money in the Fund must be used for those purposes only and expended in accordance with the terms of the gift. Any interest and income earned on the money in the Fund, after deducting any applicable charges, must be credited to the Fund.
Terms Used In Nevada Revised Statutes 378.090
- Administrator: means the State Library, Archives and Public Records Administrator. See Nevada Revised Statutes 378.005
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.