Nevada Revised Statutes 396.384 – Collegiate License Plate Account
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1. The Collegiate License Plate Account is hereby created in the State General Fund.
Terms Used In Nevada Revised Statutes 396.384
- Board of Regents: means the Board of Regents of the University of Nevada. See Nevada Revised Statutes 396.005
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- University: means all of the universities within the Nevada System of Higher Education. See Nevada Revised Statutes 396.005
2. The money in the Account does not lapse to the State General Fund at the end of any fiscal year.
3. The Board of Regents shall administer the Account.
4. The money in the Account must only be used for academic and athletic scholarships for students of the University of Nevada, Reno, and the University of Nevada, Las Vegas. One-half of the money must be used for academic scholarships, and one-half of the money must be used for athletic scholarships.