Nevada Revised Statutes 439.5132 – Creation; purpose; interest and income; nonreversion
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1. The Grief Support Trust Account is hereby created in the State General Fund. The money in the Account must be used to support nonprofit community organizations that provide grief support services to children who have experienced a loss of a relative or other person who had a significant emotional relationship with the child. Such grief support services may also be provided to parents and adult caregivers who have experienced the loss of a child.
Terms Used In Nevada Revised Statutes 439.5132
- 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.
- person: means a natural person, any form of business or social organization and any other nongovernmental legal entity including, but not limited to, a corporation, partnership, association, trust or unincorporated organization. See Nevada Revised Statutes 0.039
- Trust account: A general term that covers all types of accounts in a trust department, such as estates, guardianships, and agencies. Source: OCC
2. The interest and income earned on the money in the Account must be credited to the Account.
3. 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 over into the next fiscal year.