Nevada Revised Statutes 388C.070 – Compliance with federal law required; acceptance of gifts, bequests, grants, appropriation or donation
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1. A university school for profoundly gifted pupils shall comply with all applicable federal laws to prevent the loss of any federal money for education provided to the State of Nevada and the school districts in this State by the Federal Government.
Terms Used In Nevada Revised Statutes 388C.070
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Bequest: Property gifted 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.
- University school for profoundly gifted pupils: has the meaning ascribed to it in Nevada Revised Statutes 385.007
2. A university school for profoundly gifted pupils may apply for and accept any gift, bequest, grant, appropriation or donation from any source, except that the acceptance of any gift, bequest, grant, appropriation or donation may not violate any state or federal law.