Nevada Revised Statutes 63.320 – Gift account
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The superintendent of a facility shall:
Terms Used In Nevada Revised Statutes 63.320
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
1. Deposit in the State Treasury for credit to the gift account of the facility any gifts of money which the facility is authorized to accept; and
2. Expend money from the gift account only for facility purposes and, to the extent permitted by law, in accordance with the terms of the gift.