Nevada Revised Statutes 432B.174 – Normalcy for Foster Youth Account: Creation; use; gifts, grants and donations; nonreversion
1. The Normalcy for Foster Youth Account is hereby created in the State General Fund.
Terms Used In Nevada Revised Statutes 432B.174
- 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.
2. The interest and income earned on the money in the Account, after deducting any applicable charges, must be credited to the Account.
3. The Division of Child and Family Services may use money in the Account to:
(a) Provide monetary support to a provider of foster care who provides opportunities to a child in his or her care to participate in extracurricular, cultural or personal enrichment activities;
(b) Provide monetary support to:
(1) A provider of foster care for the provider of foster care to establish and fund an individual development account pursuant to NRS 424.088; or
(2) A relative or a fictive kin for the relative or fictive kin to establish and fund an individual development account pursuant to NRS 432B.645; and
(c) Award grants to agencies which provide child welfare services or nonprofit organizations that provide opportunities to children in foster care to participate in extracurricular, cultural or personal enrichment activities.
4. The Division of Child and Family Services may accept gifts, grants, bequests and other contributions from any source for the purpose of carrying out the provisions of this section.
5. Any money remaining in the Account at the end of a fiscal year does not revert to the State General Fund, and the balance in the Account must be carried forward to the next fiscal year.