Nevada Revised Statutes 432.133 – Administration by Director; awards of money; report to Legislature by Director; review of requests for awards by Grants Management Advisory Committee
1. The Director is responsible for administering the Children’s Trust Account.
Terms Used In Nevada Revised Statutes 432.133
- Contract: A legal written agreement that becomes binding when signed.
- Director: means the Director of the Department. See Nevada Revised Statutes 432.010
- Trust account: A general term that covers all types of accounts in a trust department, such as estates, guardianships, and agencies. Source: OCC
2. The Director shall make awards of money, by contract or grant, from the Children’s Trust Account to agencies of the State or its political subdivisions and nonprofit community organizations or educational institutions which provide or will provide services for the prevention of the abuse or neglect of children. The duration of an award granted pursuant to this subsection must not exceed 3 years.
3. The Director shall report to each regular session of the Legislature regarding the agencies, organizations or institutions that have been awarded money from the Children’s Trust Account, the money credited to the Account, the interest and income on the money in the Account, any unexpended money in the Account and the general expenses of administering the Account.
4. Requests for awards of money from the Children’s Trust Account must be reviewed by the Grants Management Advisory Committee created by NRS 232.383.