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.100 – Prepaid tuition contracts: Authority of Board to enter; required provisions.
1. The Board may enter into a prepaid tuition contract with a purchaser. 2. The Board shall create a prepaid tuition contract in accordance with the provisions of this section. 3. The prepaid tuition contract must include, without limitation: (a) The terms and conditions under which the purchaser shall remit payment, including, without limitation: (1) […]
NRS 353B.105 – Agreement to payroll deductions for prepaid tuition contract authorized.
The State of Nevada, an agency, county, municipality or other political subdivision of the State, or any other public or private employer may enter into an agreement to remit payments toward a prepaid tuition contract on behalf of an employee through payroll deductions. (Added to NRS by 1997, 3489; A 2001, 2166)
NRS 353B.110 – General duties and powers of Board.
The Board: 1. May modify the regulations for the implementation of the Program adopted pursuant to subsection 3 of NRS 353B.090. 2. May establish agreements to fulfill its obligations under the prepaid tuition contracts. 3. May contract for any necessary good or service, including, without limitation, the power to engage financial consultants, actuaries or legal […]
NRS 353B.130 – Limitation on effect of action by Board.
An act or undertaking of the Board does not constitute a debt of the State of Nevada, or any political subdivision thereof, or a pledge of the full faith and credit of the State of Nevada, or of any political subdivision thereof, and is payable solely from the Trust Fund. (Added to NRS by 1997, […]
NRS 353B.310 – Regulations.
1. The Board shall adopt regulations to establish and carry out the Nevada College Savings Program, which must comply with the requirements of a qualified state tuition program pursuant to 26 U.S.C. § 529. 2. The regulations must be consistent with the provisions of the Internal Revenue Code set forth in Title 26 of the […]
NRS 353B.320 – Delegation by Board of administrative powers and duties to State Treasurer.
The Board may delegate to the State Treasurer any of its administrative powers and duties specified in NRS 353B.300 to 353B.370, inclusive, if the Board determines that such delegation is necessary for the efficient and effective administration of the Nevada College Savings Program and the Trust Fund. (Added to NRS by 2001, 2162; A 2017, […]
NRS 353B.330 – Savings trust accounts and agreements not guaranteed by full faith and credit.
Savings trust accounts and agreements entered into pursuant to NRS 353B.300 to 353B.370, inclusive, are not guaranteed by the full faith and credit of the State of Nevada. (Added to NRS by 2001, 2162; A 2017, 4149)
NRS 353B.140 – Creation; sources; nonreversion.
1. The Nevada Higher Education Prepaid Tuition Trust Fund is hereby created within the State Treasury to allow: (a) The cost of tuition to be paid in advance of enrollment at an institution of higher education; and (b) The payment of qualified higher education expenses for qualified beneficiaries in accordance with the policy adopted pursuant […]
NRS 353B.145 – Policy for use of certain excess money.
1. The Board shall adopt and, as necessary, revise a policy for the use of any money in the Trust Fund that is in excess of the amount of money determined by the Board to be required to establish a guaranteed rate for tuition under a prepaid tuition contract. 2. In adopting and revising the […]