Nevada Revised Statutes 417.145 – Veterans Home Account; Gift Account for the Veterans Home in Southern Nevada; Gift Account for the Veterans Home in Northern Nevada; annual report of expenditures made from those Gift Accounts
1. The Veterans Home Account is hereby established in the State General Fund.
Terms Used In Nevada Revised Statutes 417.145
- 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.
- Personal property: All property that is not real property.
2. Money received from:
(a) Payments made by the United States Department of Veterans Affairs for veterans who receive care in a veterans’ home;
(b) Other payments for medical care and services;
(c) Appropriations made by the Legislature for veterans’ homes;
(d) Federal grants and other money received pursuant to paragraph (c) of subsection 1 of NRS 417.147;
(e) Money collected pursuant to the schedule of rates established pursuant to subsection 2 of NRS 417.147 for occupancy of rooms at veterans’ homes; and
(f) Except as otherwise provided in subsections 7 and 8, gifts of money and proceeds derived from the sale of gifts of personal property for the use of veterans’ homes, if the use of those gifts has not been restricted by the donor, must be deposited with the State Treasurer for credit to the Veterans Home Account.
3. Interest and income must not be computed on the money in the Veterans Home Account.
4. The Veterans Home Account must be administered by the Director, with the advice of the administrators, and except as otherwise provided in paragraph (c) of subsection 1 of NRS 417.147, the money deposited in the Veterans Home Account may only be expended for:
(a) The establishment, management, maintenance and operation of veterans’ homes as required by paragraph (n) of subsection 1 of NRS 417.090;
(b) A program or service related to a veterans’ home;
(c) The solicitation of other sources of money to fund a veterans’ home; and
(d) The purpose of informing the public about issues concerning the establishment and uses of a veterans’ home.
5. Except as otherwise provided in subsections 7 and 8, gifts of personal property for the use of veterans’ homes:
(a) May be sold or exchanged if the sale or exchange is approved by the State Board of Examiners; or
(b) May be used in kind if the gifts are not appropriate for conversion to money.
6. All money in the Veterans Home Account must be paid out on claims approved by the Director as other claims against the State are paid.
7. The Gift Account for the Veterans Home in Southern Nevada is hereby established in the State General Fund. Gifts of money or personal property which the donor has restricted to one or more uses at the veterans’ home in southern Nevada must be used only in the manner designated by the donor. Gifts of money which the donor has restricted to one or more uses at this veterans’ home must be deposited with the State Treasurer for credit to the Gift Account for the Veterans Home in Southern Nevada. The interest and income earned on the money in the Gift Account for the Veterans Home in Southern Nevada, after deducting any applicable charges, must be credited to the Gift Account for the Veterans Home in Southern Nevada. Any money remaining in the Gift Account for the Veterans Home in Southern Nevada at the end of each fiscal year does not lapse to the State General Fund, but must be carried forward into the next fiscal year.
8. The Gift Account for the Veterans Home in Northern Nevada is hereby established in the State General Fund. Gifts of money or personal property which the donor has restricted to one or more uses at the veterans’ home in northern Nevada must be used only in the manner designated by the donor. Gifts of money which the donor has restricted to one or more uses at this veterans’ home must be deposited with the State Treasurer for credit to the Gift Account for the Veterans Home in Northern Nevada. The interest and income earned on the money in the Gift Account for the Veterans Home in Northern Nevada, after deducting any applicable charges, must be credited to the Gift Account for the Veterans Home in Northern Nevada. Any money remaining in the Gift Account for the Veterans Home in Northern Nevada at the end of each fiscal year does not lapse to the State General Fund, but must be carried forward into the next fiscal year.
9. The Director shall, on or before August 1 of each year, prepare and submit to the Interim Finance Committee a report detailing the expenditures made from the Gift Account for the Veterans Home in Southern Nevada and the Gift Account for the Veterans Home in Northern Nevada.