Nevada Revised Statutes 232.546 – Account for Special Projects to Assist in the Development of Services for Business and Industry
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1. An Account for Special Projects to Assist in the Development of Services for Business and Industry is hereby created in the State General Fund. The Account must be administered by the Director. The Director may apply for and accept any gift, donation, bequest, grant or other source of money for deposit in the Account. The money in the Account may be expended in accordance with the terms and conditions of the gift, donation, bequest or grant, or in accordance with subsection 2.
Terms Used In Nevada Revised Statutes 232.546
- 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.
2. Except as otherwise provided in subsection 1, the money in the Account may be used only in carrying out the duties of the Director as they relate to developing and administering special projects to provide services for business and industry in this state.