NRS 353B.370 – Duties and powers of Board; contracts for services.
1. The Board shall establish a comprehensive investment plan for the money in the Trust Fund. 2. Notwithstanding the provisions of any specific statute to the contrary, the Board may invest or cause to be invested any money in the Trust Fund, including, without limitation, the money in the Program Account, in any manner reasonable […]
NRS 353B.155 – Duty of Board to promote and market use of Trust Fund and solicit certain opinions; authority to limit qualified beneficiaries.
1. The Board shall actively promote and market use of the Trust Fund. 2. The Board shall, before it enters into a prepaid tuition contract with a purchaser, solicit the opinion of: (a) The Securities and Exchange Commission regarding the application of federal law regarding securities to the Trust Fund; or (b) An independent legal […]
NRS 353B.160 – Investment; prohibited interests, payments and actions; modification of terms of subsequent prepaid tuition contracts to ensure actuarial soundness.
1. The Board shall create a comprehensive plan that specifies the policies for investment which the State Treasurer shall follow in administrating the Trust Fund. 2. The Board may authorize the State Treasurer to invest the property of the Trust Fund in: (a) A bond, note, certificate or other general obligation of the State of […]
NRS 353B.170 – Annual report.
The Board shall: 1. Prepare an annual report setting forth in appropriate detail an accounting of the Trust Fund and a description of the financial condition of the Trust Fund at the close of each fiscal year, including, without limitation, a statement of projected receipts, disbursements and operating costs of the Trust Fund. 2. Submit […]
NRS 353B.180 – Annual audit.
The Board shall contract with a certified public accounting firm to perform an annual audit of the accounts and records of the State Treasurer and the Board showing the receipts to and disbursements from the Trust Fund. The cost of the audit must be borne by the Trust Fund. The State Treasurer shall make available […]
NRS 353B.190 – Annual actuarial study.
The Board shall contract with a certified actuary to perform an annual actuarial study, the cost of which must be borne by the Trust Fund. The State Treasurer shall make available for inspection all records necessary to perform the actuarial study. (Added to NRS by 1997, 3488; A 2001, 2166)
NRS 353B.300 – “Trust Fund” defined.
As used in NRS 353B.300 to 353B.370, inclusive, unless the context otherwise requires, “Trust Fund” means the Nevada College Savings Trust Fund created by NRS 353B.340. (Added to NRS by 2001, 2160)
NRS 353B.335 – Establishment; availability of and accounting method for money in accounts; regulations; gifts, grants and donations; authority to transfer unaccessed or expired balances to Endowment Account.
1. The Board shall establish the Nevada College Kick Start Program to provide for the creation of an account for each pupil who is a resident of this State upon commencement of his or her enrollment in kindergarten at a public school in this State. Within the limits of money available for this purpose, the […]
NRS 353B.340 – Creation; sources; limitations on use of money.
1. The Nevada College Savings Trust Fund is hereby created. 2. The Trust Fund is an instrumentality of this state, and its property and income are exempt from all taxation by this state and any political subdivision thereof. 3. The Trust Fund consists of: (a) All money deposited in accordance with savings trust agreements; (b) […]
NRS 353B.350 – Administration by State Treasurer; establishment of Program, Administrative and Endowment Accounts.
1. The Trust Fund and any account established by the State Treasurer pursuant to this section must be administered by the State Treasurer. 2. The State Treasurer shall establish such accounts as he or she determines necessary to carry out his or her duties pursuant to NRS 353B.300 to 353B.370, inclusive, including, without limitation: (a) […]