Nevada Revised Statutes 433B.339 – Authority of mental health consortium to enter into contracts and accept gifts, grants and donations; establishment and administration of account for money of consortium
1. A mental health consortium established by NRS 433B.333 may:
Terms Used In Nevada Revised Statutes 433B.339
- Bequest: Property gifted by will.
- 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.
(a) Enter into contracts and agreements to carry out the provisions of this section and NRS 433B.335 and 433B.337; and
(b) Apply for and accept gifts, grants, donations and bequests from any source to carry out the provisions of this section and NRS 433B.335 and 433B.337.
2. Any money collected pursuant to subsection 1:
(a) Must be deposited in the State Treasury and accounted for separately in the State General Fund; and
(b) Except as otherwise provided by the terms of a specific gift, grant, donation or bequest, must only be expended, under the direction of the consortium which deposited the money, to carry out the provisions of this section and NRS 433B.335 and 433B.337.
3. The Administrator shall administer the account maintained for each consortium.
4. Any interest or income earned on the money in an account maintained pursuant to this section must be credited to the account and does not revert to the State General Fund at the end of a fiscal year.
5. Any claims against an account maintained pursuant to this section must be paid as other claims against the State are paid.