Nevada Revised Statutes 388.1457 – SafeVoice Program Account: Creation; use of money in Account; administration; acceptance of gifts, grants, donations and other sources of money; Director to post list of sources of money on Internet and transmit lis…
1. The SafeVoice Program Account is hereby created in the State General Fund.
Terms Used In Nevada Revised Statutes 388.1457
- Bequest: Property gifted by will.
- Department: means the Department of Education. See Nevada Revised Statutes 385.007
- Donor: The person who makes a gift.
- 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.
- 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 4, the money in the Account may be used only to implement and operate the SafeVoice Program.
3. The Account must be administered by the Director, who may:
(a) Apply for and accept any gift, donation, bequest, grant or other source of money for deposit in the Account; and
(b) Expend any money received pursuant to paragraph (a) in accordance with subsection 2.
4. The interest and income earned on the money in the Account, after deducting any applicable charges, must be credited to the Account.
5. The money in the Account does not revert to the State General Fund at the end of any fiscal year.
6. The Director shall:
(a) Post on the Internet website maintained by the Department a list of each gift, donation, bequest, grant or other source of money, if any, received pursuant to subsection 3 for deposit in the Account and the name of the donor of each gift, donation, bequest, grant or other source of money;
(b) Update the list annually; and
(c) On or before February 1 of each year, transmit the list prepared for the immediately preceding year:
(1) In odd-numbered years, to the Director of the Legislative Counsel Bureau for transmittal to the next regular session of the Legislature; and
(2) In even-numbered years, to the Joint Interim Standing Committee on Education.