Nevada Revised Statutes 422A.690 – Solicitation and acceptance of gifts, grants, contributions or other money by Director
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1. The Director may solicit and accept gifts, grants, contributions or other money from any public or private source and may expend the money, subject to any limitations contained in the gift, grant or contribution or placed on the money, to carry out the provisions of NRS 422A.680.
Terms Used In Nevada Revised Statutes 422A.690
- 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. Money received by the Director pursuant to this section must be accounted for separately in the State General Fund. The money in the account does not revert to the State General Fund at the end of any fiscal year and must be carried forward to the next fiscal year.