1.  The Board of Regents may accept gifts, grants and donations from any source for the purpose of carrying out the provisions of NRS 396.5913 to 396.594, inclusive.

Terms Used In Nevada Revised Statutes 396.5935

  • Board of Regents: means the Board of Regents of the University of Nevada. See Nevada Revised Statutes 396.005
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.

2.  All gifts, grants and donations from any source which the Board of Regents is authorized to accept must be deposited with the State Treasurer for credit to the Account for the Liaison for Post-Secondary Education for Homeless Pupils, which is hereby created in the State General Fund. The Board of Regents shall administer the Account. The money in the Account must be expended only to pay the costs of administering NRS 396.5913 to 396.594, inclusive.

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

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