Nev. Rev. Stat. § 375A.705 — Money received by Nevada System of Higher Education: Separate accounting; investment; expenditure

NRS  375A.705    Money received by Nevada System of Higher Education: Separate
accounting; investment; expenditure.
1.  All money received by the Board of
Regents of the University of Nevada pursuant to paragraph (b) of subsection 1
of NRS 375A.700 must be accounted for
separately in the Endowment Fund of the Nevada System of Higher Education.
2.  The money in the Estate Tax Account
must be invested pursuant to the same investment policies as the other money in
the Endowment Fund is invested. All interest and income earned on the money in
the Account must be credited to the Account.
3.  The Board of Regents of the University
of Nevada may, upon approval by the Legislature when in regular session or by
the Interim Finance Committee when the Legislature is not in regular session,
expend any money in the Estate Tax Account.