Nevada Revised Statutes 615.260 – Rehabilitation Gift Account: Investment; use of money
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1. All gifts of money which the Bureau is authorized to accept must be deposited in the State Treasury for credit to the Rehabilitation Gift Account in the Department of Employment, Training and Rehabilitation’s Gift Fund. The money may be invested and reinvested and must be used in accordance with the conditions of the gift or to carry out the provisions of this chapter and other programs or laws administered by the Bureau.
Terms Used In Nevada Revised Statutes 615.260
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
2. All claims must be approved by the Administrator before they are paid.