Nevada Revised Statutes 353B.360 – Gifts, grants and other donations: Authority to apply for and accept; use; deposit
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The Board may apply for and accept a grant and may accept any gift, bequest, devise or other donation provided by a public or private source for administrative costs or costs of marketing the Nevada College Savings Program set forth in NRS 353B.300 to 353B.370, inclusive, including the Nevada College Kick Start Program, in accordance with the provisions of NRS 353.150 to 353.245, inclusive. Such money must be deposited in the Endowment Account established pursuant to subsection 2 of NRS 353B.350.
Terms Used In Nevada Revised Statutes 353B.360
- Bequest: Property gifted by will.
- 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.