Nevada Revised Statutes 460.150 – Gifts, grants, appropriations and donations: Authority of School of Medicine; Anatomical Gift Account; disposition of money and claims
1. The School of Medicine may apply for and accept any gifts, grants, appropriations or donations to assist the School of Medicine in carrying out programs relating to anatomical gifts.
Terms Used In Nevada Revised Statutes 460.150
- 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. Any money received by the School of Medicine for programs relating to anatomical gifts must be deposited in the State Treasury for credit to the Anatomical Gift Account which is hereby created in the State General Fund. The Dean shall administer the Account.
3. The money in the Account must only be used to:
(a) Carry out the provisions of NRS 460.140; and
(b) Pay the costs incurred by the School of Medicine to administer programs relating to anatomical gifts. The total amount paid pursuant to this paragraph in any one fiscal year must not exceed 20 percent of the average balance of the Account for the immediately preceding fiscal year.
4. The money in the Account must:
(a) Be invested as money in other state accounts is invested; and
(b) Remain in the Account and does not revert to the State General Fund at the end of any fiscal year.
5. Each claim against the Account must be:
(a) Approved by the Dean before the claim is paid; and
(b) Paid as other claims against the State are paid.