Nevada Revised Statutes 62E.230 – Cognitive training and human development fund: Establishment; requirements for management and expenditures of fund
1. To finance a program of cognitive training and human development established pursuant to NRS 62E.220, a director of juvenile services may establish, with the county treasurer as custodian, a special fund to be known as the cognitive training and human development fund.
Terms Used In Nevada Revised Statutes 62E.230
- Bequest: Property gifted by will.
- county: includes Carson City. See Nevada Revised Statutes 0.033
- Devise: To gift property by will.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
2. A director of juvenile services may apply for and accept grants, gifts, donations, bequests or devises which the director shall deposit with the county treasurer for credit to the fund.
3. The fund must be a separate and continuing fund, and no money in the fund reverts to the general fund of the county at any time. The interest earned on the money in the fund, after deducting any applicable charges, must be credited to the fund.
4. A director of juvenile services shall:
(a) Expend money from the fund only to finance a program of cognitive training and human development; and
(b) If the source of the money is a grant, gift, donation, bequest or devise, expend the money, to the extent permitted by law, in accordance with the terms of the grant, gift, donation, bequest or devise.
5. A director of juvenile services must authorize any expenditure from the fund before it is made.