Nevada Revised Statutes 417.410 – Nevada Will Always Remember Veterans Gift Account: Creation; donations, gifts and grants; use; interest and income; nonreversion
1. The Nevada Will Always Remember Veterans Gift Account is hereby created in the State General Fund.
Terms Used In Nevada Revised Statutes 417.410
- 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. The Director may accept donations, gifts and grants of money from any source for deposit in the Account.
3. The money deposited in the Account pursuant to subsection 2 must only be used to pay for the design, procurement and installation of markers, plaques, statues or signs bearing the names of deceased members of the Armed Forces of the United States pursuant to the provisions of NRS 331.125, 407.066 and 408.119.
4. The interest and income earned on the money in the Account, after deducting any applicable charges, must be credited to the Account.
5. Any money remaining in the Account at the end of each fiscal year does not revert to the State General Fund, but must be carried forward to the next fiscal year.