1.  The Board of Regents shall devise and establish fiscal policies and procedures in connection with the operation of contractual or sponsored research activities of the institute, apart from those fiscal policies and procedures which are applicable to other branches or facilities of the System.

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Terms Used In Nevada Revised Statutes 396.7955

  • 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
  • Board of Regents: means the Board of Regents of the University of Nevada. See Nevada Revised Statutes 396.005
  • Devise: To gift property by will.
  • Statute: A law passed by a legislature.
  • System: means the Nevada System of Higher Education. See Nevada Revised Statutes 396.005

2.  None of the other provisions of this chapter or the provisions of titles 23 or 31 of NRS or any other statute relating to public officers and employees or public financial administration applies to the receipt, investment, management, disbursement, use, expenditure or accounting for any money or property received by the Board of Regents pursuant to NRS 396.7952, except as otherwise provided in subsection 4 of NRS 396.7952.

3.  Any funds received by or made available to the Board of Regents for the Desert Research Institute by the State of Nevada, whether pursuant to direct legislative appropriation or otherwise, are subject to all laws relating to public funds and expenditures.