reglab/statecodes huggingface dataset:
Nevada Administrative Code › Chapter 349 - State Obligations › GRANTS FOR WATER CONSERVATION AND IMPROVEMENTS TO CERTAIN WATER SYSTEMS AND SEWAGE DISPOSAL SYSTEMS › Section 349.569 - Award of credit toward amount of money recipient of grant is required to provide

Current through June 11, 2024
1. The Division of Environmental Protection of the Department may give a recipient of a grant pursuant to the program credit toward the amount of money the recipient is required to provide for the capital improvement pursuant to subsection 3 of NRS 349.983 if the recipient contributes to the capital improvement:
(a) All of the money the recipient has available for that purpose; and
(b) Material, labor, equipment or any other contribution approved by the Division other than money.
The credit must not exceed the unpaid balance of the amount the recipient is required to provide pursuant to that subsection.
Nevada Administrative Code › Chapter 349 - State Obligations › GRANTS FOR WATER CONSERVATION AND IMPROVEMENTS TO CERTAIN WATER SYSTEMS AND SEWAGE DISPOSAL SYSTEMS › Section 349.574 - Procedure following completion of improvement

Current through June 11, 2024
1. After the recipient of a grant pursuant to the program has completed the improvement, the recipient shall submit to the Division of Environmental Protection of the Department for its approval:
(a) A final engineering report that includes a certificate of completion executed by an engineer indicating that:
(1) The improvement has been completed in accordance with the provisions of the funding agreement;
(2) The improvement as constructed has been tested and satisfies the objectives for which it was designed and performs the functions for which it was intended; and
(3) Based on the results of the test specified in subparagraph (2), the quality of materials and workmanship are consistent with the plans and specifications approved for the improvement;
Nevada Administrative Code › Chapter 350 - Municipal Obligations › GENERAL PROVISIONS › Section 350.010 - Annual statement and report by municipalities

Current through June 11, 2024
1. The statement and report which is required by NRS 350.013 must include:
(a) A brief narrative which describes each type of indebtedness used or contemplated for use by the governing body or board;
(b) A schedule which sets forth:
(1) The contemplated date of the sale and the amount of any bonds which have been approved by election but not yet sold;
(2) The contemplated date of an election or other authorization and the amount of any bonds which are contemplated to be issued before the end of the fiscal year following the date of the schedule; and
(3) The amount of any other debts, such as mortgages or capital leases, which the governing body or board contemplates incurring before the end of the fiscal year following the date of the schedule;
(c) A schedule which sets forth, on a form provided by the Department of Taxation, the amount of general obligation debt of the political subdivision or general improvement district;
(d) A schedule which sets forth, on a form provided by the Department of Taxation, the total amount of indebtedness of the political subdivision or general improvement district;
(e) A schedule which sets forth, on a form provided by the Department of Taxation, the amount of money required to satisfy the indebtedness of the political subdivision or general improvement district for the 5 years immediately following the date of the statement or report; and
(f) A schedule which sets forth, on a form provided by the Department of Taxation, the amount of money required to satisfy each debt of the political subdivision or general improvement district for each year until the debt is retired.
Nevada Administrative Code › Chapter 350 - Municipal Obligations › MEDIUM-TERM OBLIGATIONS › Section 350.100 - Medium-term obligation as appropriation or augmentation

Current through June 11, 2024
A medium-term obligation authorized pursuant to NRS 350.087 may constitute an appropriation or budget augmentation or may augment resources as permitted by statute and as specified in the resolution of the governing body of the local government.
Added to NAC by Tax Comm'n, eff. 7-9-96
NRS 350.087, 360.090
Nevada Administrative Code › Chapter 350 - Municipal Obligations › MEDIUM-TERM OBLIGATIONS › Section 350.110 - Notice of intent

Current through June 11, 2024
The notice of intent to act on a resolution which authorizes a medium-term obligation that is published by the governing body of a local government as required pursuant to NRS 350.087 must include:
1. The time and place of the public hearing during which the resolution will be voted on by the governing body;
2. The proposed method of repayment of the medium-term obligation;
3. The total amount of the debt of the medium-term obligation; and
4. The manner in which the money received from the medium-term obligation will be used and the purpose thereof.
Added to NAC by Tax Comm'n, eff. 7-9-96
NRS 350.087, 360.090
Nevada Administrative Code › Chapter 350 - Municipal Obligations › MEDIUM-TERM OBLIGATIONS › Section 350.120 - Forwarding of documents to Department of Taxation following authorization

Current through June 11, 2024
After the adoption of a resolution which authorizes a medium-term obligation, the governing body of the local government shall forward to the Department of Taxation:
1. A copy of the final resolution;
2. Excerpts from the minutes of the meeting of the governing body during which the resolution was adopted, which include, without limitation, the vote on the resolution and any comments made by the governing body or a member of the public at the meeting;
3. Proof of the publication of the notice to act on the resolution which authorizes a medium-term obligation as required pursuant to NRS 350.087;
4. A written statement specifying:
(a) The source of the money to be used to repay the debt incurred by the medium-term obligation; and
(b) All pertinent data supporting the ability of the local government to repay the debt without affecting its tax rate, including, without limitation, and only if applicable:
(1) Anticipated increases in revenues available for repayment after determining anticipated reductions in revenues;
(2) Anticipated reductions in expenditures available for repayment after determining anticipated increases in expenditures; and
(3) Any amount of money which may be available for repayment from the balance of a fund, reserve or contingency account;
Nevada Administrative Code › Chapter 350 - Municipal Obligations › MEDIUM-TERM OBLIGATIONS › Section 350.130 - Authorization void after 18 months

Current through June 11, 2024
The governing body of a local government which adopts a resolution authorizing a medium-term obligation must act on such authorization not later than 18 months following the approval of the Executive Director of the Department of Taxation, except when the obligation is issued to pay for a contract for long-term construction or for a program to acquire land. If the governing body does not act within the time required, the authorization is void and a new resolution authorizing a medium-term obligation must be adopted.
Added to NAC by Tax Comm'n, eff. 7-9-96
NRS 350.089, 360.090
Nevada Administrative Code › Chapter 350 - Municipal Obligations › MEDIUM-TERM OBLIGATIONS › Section 350.140 - Interest

Current through June 11, 2024
1. If the money for a medium-term obligation is obtained from an existing fund of a local government, the resolution authorizing the medium-term obligation must specify whether interest will be charged and the rate thereof, if any. If the resolution specifies such a rate of interest, the Executive Director of the Department of Taxation may, in determining whether to approve the resolution pursuant to NRS 350.089, consider whether that rate of interest reasonably reflects current market conditions and the duration of the medium-term obligation.
2. If the resolution does not specify whether interest will be charged on the medium-term obligation, no interest may be charged.
Added to NAC by Tax Comm'n, eff. 7-9-96; A by Com. on Local Gov't Finance by R135-10, 12-16-2010
NRS 350.009, 350.087, 350.089, 360.090
Nevada Administrative Code › Chapter 350 - Municipal Obligations › MEDIUM-TERM OBLIGATIONS › Section 350.151 - Conversion of temporary interfund loan into medium-term obligation

Current through June 11, 2024
1. Unless otherwise prohibited by law, the terms of a temporary interfund loan may be revised in such a manner as to convert the temporary interfund loan into a medium-term obligation if:
(a) The borrowing local government:
(1) Requests the revision at least 61 days before the date upon which the term of that temporary interfund loan expires;
(2) Complies with the provisions of NRS 350.087 to 350.095, inclusive, and NAC 350.100 to 350.170, inclusive, regarding that medium-term obligation; and
(3) Provides for the repayment of that medium-term obligation without adopting a budget that includes a negative fund balance in violation of subsection 5 of NRS 354.598;
Nevada Administrative Code › Chapter 350 - Municipal Obligations › MEDIUM-TERM OBLIGATIONS › Section 350.160 - Repayment

Current through June 11, 2024
The period for repayment of the debt incurred by a medium-term obligation begins on the date on which the debt is incurred. If the governing body of the local government enters into a medium-term obligation in a manner in which the debt will be incurred in installments, each installment must have a separate period of repayment effective from the date on which the debt is incurred.
Added to NAC by Tax Comm'n, eff. 7-9-96
NRS 360.090
Nevada Administrative Code › Chapter 350 - Municipal Obligations › MEDIUM-TERM OBLIGATIONS › Section 350.170 - Calculation of weighted average useful life of certain assets

Current through June 11, 2024
1. If a local government finances assets with a medium-term obligation or an installment-purchase agreement having a term of more than 5 years, the local government shall calculate the weighted average useful life of the assets for the purpose of complying with the provisions of subsection 4 of NRS 350.091.
2. To determine the useful life of the assets, the local government may use:
(a) Publication 946 of the Internal Revenue Service entitled "How to Depreciate Property," which may be obtained free of charge on the Internet from the website of the Internal Revenue Service at
http://www.irs.gov/
; or
(b) Any other manual or source of information that provides useful life if the local government, in the resolution adopted pursuant to NRS 350.087 authorizing the medium-term obligation or installment-purchase agreement, makes a finding that the weighted average term of the medium-term obligation or installment-purchase agreement will not exceed the estimated weighted average useful life of the assets being financed with the medium-term obligation or installment-purchase agreement. If the Executive Director of the Department of Taxation determines that the finding by the local government is unreasonable or arbitrary, he or she may disapprove the resolution pursuant to NRS 350.089.
Nevada Administrative Code › Chapter 350 - Municipal Obligations › DEBT MANAGEMENT COMMISSION › Section 350.200 - "Commission" defined

Current through June 11, 2024
As used in NAC 350.200 to 350.250, inclusive, unless the context otherwise requires, "commission" means a debt management commission established pursuant to NRS 350.0115.
Added to NAC by Com. on Local Gov't Finance by R030-05, eff. 5-4-2006
NRS 350.009
Nevada Administrative Code › Chapter 350 - Municipal Obligations › DEBT MANAGEMENT COMMISSION › Section 350.210 - Failure or refusal of governing body to adopt resolution approving or objecting to proposal resulting in increase of rate of property taxes

Current through June 11, 2024
If the governing body of an entity that receives a notification of a proposal that will result in an increase in the rate of property taxes pursuant to subsection 1 of NRS 350.0135 fails, neglects or refuses to adopt a resolution approving or objecting to the proposal described in the notice not later than 60 days after the date of the postmark on the notification, the governing body shall be deemed to have waived its right to object to the proposal.
Added to NAC by Com. on Local Gov't Finance by R030-05, eff. 5-4-2006
NRS 350.009, 350.0135
Nevada Administrative Code › Chapter 350 - Municipal Obligations › DEBT MANAGEMENT COMMISSION › Section 350.220 - Approval of request of municipality to reserve percentage of remaining allowable increase of property taxes for future use

Current through June 11, 2024
If a commission approves the request of a municipality to reserve a percentage of the remaining allowable increase of property taxes for use in the future pursuant to subsection 7 of NRS 350.0135:
1. The commission may limit the amount of time that such a percentage may be reserved by the municipality.
2. Before March 15 of the current fiscal year, the commission may express the amount of the reservation of the remaining allowable increase of property taxes as a percentage of:
(a) The rate of property taxes allowable pursuant to NRS 354.59811 for the current fiscal year; or
(b) The rate of property taxes for the current fiscal year as certified by the Nevada Tax Commission pursuant to NRS 361.4547.
Nevada Administrative Code › Chapter 350 - Municipal Obligations › DEBT MANAGEMENT COMMISSION › Section 350.230 - Establishment and notification of deadline for submission by municipality of certain proposals

Current through June 11, 2024
1. A commission may establish a deadline for the submission by a municipality of a proposal that will result in an increase in the rate of property taxes or a request to reserve a percentage of the remaining allowable increase of property taxes for use in the future.
2. If a commission establishes a deadline pursuant to subsection 1, the commission shall notify all municipalities with tax-levying powers within the county of the deadline within 30 days after establishing the deadline.
Added to NAC by Com. on Local Gov't Finance by R030-05, eff. 5-4-2006
NRS 350.009, 350.0135
Nevada Administrative Code › Chapter 350 - Municipal Obligations › DEBT MANAGEMENT COMMISSION › Section 350.240 - Denial of certain proposals if increase in rate of property taxes exceeds statutory limitation on total rate

Current through June 11, 2024
A commission shall not approve a proposal that will result in an increase in the rate of property taxes or a request to reserve a percentage of the remaining allowable increase of property taxes for use in the future if the increase in the rate of property taxes exceeds the limitation on the total rate of ad valorem taxes set forth in NRS 361.453.
Added to NAC by Com. on Local Gov't Finance by R030-05, eff. 5-4-2006
NRS 350.009, 350.0135
Nevada Administrative Code › Chapter 350 - Municipal Obligations › DEBT MANAGEMENT COMMISSION › Section 350.250 - Notice of certain decisions of commission

Current through June 11, 2024
A commission shall provide notice, in writing, of the decision of the commission to the municipality requesting an increase in the rate of property taxes or a reservation of a percentage of the remaining allowable increase of property taxes for use in the future and to any other municipalities affected by the decision.
Added to NAC by Com. on Local Gov't Finance by R030-05, eff. 5-4-2006
NRS 350.009, 350.0135
Nevada Administrative Code › Chapter 353 - Electronic Approval Codes › ELECTRONIC APPROVAL CODES › Section 353.010 - Definitions

Current through June 11, 2024
As used in this chapter, unless the context otherwise requires,
				the words and terms defined in NAC 353.020 and 353.030 have the meanings
				ascribed to them in those sections.
Added to NAC by St.
				Controller by R069-98, eff. 8-4-98
NRS
				  353.3195
Nevada Administrative Code › Chapter 353 - Electronic Approval Codes › ELECTRONIC APPROVAL CODES › Section 353.020 - "Authorized officer" defined

Current through June 11, 2024
"Authorized officer" has the meaning ascribed to it in
				subsection 2 of
				NRS
				353.3195.
Added to NAC by St.
				Controller by R069-98, eff. 8-4-98
NRS
				  353.3195
Nevada Administrative Code › Chapter 353 - Electronic Approval Codes › ELECTRONIC APPROVAL CODES › Section 353.030 - "Electronic approval code" defined

Current through June 11, 2024
"Electronic approval code" means a series of electronic symbols
				issued to an authorized officer by the state controller pursuant to subsection
				1 of
				NRS
				353.3195.
Added to NAC by St.
				Controller by R069-98, eff. 8-4-98
NRS
				  353.3195
Nevada Administrative Code › Chapter 353 - Electronic Approval Codes › ELECTRONIC APPROVAL CODES › Section 353.040 - Substitution of electronic approval code for handwritten or facsimile signature

Current through June 11, 2024
An electronic approval code issued by the state controller or
				his designee to an authorized officer pursuant to subsection 1 of
				NRS
				353.3195 may substitute for the handwritten
				or facsimile signature of the authorized officer on certain documents as set
				forth in
				NRS
				353.3195.
Added to NAC by St.
				Controller by R069-98, eff. 8-4-98
NRS
				  353.3195
Nevada Administrative Code › Chapter 353 - Electronic Approval Codes › ELECTRONIC APPROVAL CODES › Section 353.050 - Responsibility for protection and proper use

Current through June 11, 2024
1. An
			 authorized officer to whom an electronic approval code is issued:
(a) Shall exercise reasonable care to retain
			 control of his electronic approval code and to prevent its disclosure to any
			 other person; and
(b) Shall not use
			 his electronic approval code in an unauthorized or fraudulent manner.
Nevada Administrative Code › Chapter 353 - Electronic Approval Codes › ELECTRONIC APPROVAL CODES › Section 353.060 - Certification of authorized use

Current through June 11, 2024
A person who enters an electronic approval code into a document
				indicating his authorization or verification of the document certifies that he
				is the person to whom the electronic approval code was issued and that he is
				using the electronic approval code in an authorized manner.
Added to NAC by St.
				Controller by R069-98, eff. 8-4-98
NRS
				  353.3195
Nevada Administrative Code › Chapter 353 - Electronic Approval Codes › ELECTRONIC APPROVAL CODES › Section 353.070 - Authority of state controller

Current through June 11, 2024
1. An electronic
			 approval code that is issued to an authorized officer remains the property of
			 the state controller.
2. The state
			 controller may terminate the authority of an authorized officer to use an
			 electronic approval code at any time with or without cause.
3. The state controller may periodically
			 audit the use of an electronic approval code at such times as he deems
			 appropriate with or without cause.
Added to NAC by St.
				Controller by R069-98, eff. 8-4-98
NRS
				  353.3195
Nevada Administrative Code › Chapter 353 - Electronic Approval Codes › ELECTRONIC APPROVAL CODES › Section 353.080 - Grounds for disciplinary action; personal liability

Current through June 11, 2024
1. The state controller may subject an
			 authorized officer to disciplinary action or hold him personally liable for the
			 disclosure or unauthorized or fraudulent use of his electronic approval
			 code.
2. The state controller may
			 institute disciplinary action against a state employee or hold him personally
			 liable for the disclosure or unauthorized or fraudulent use, dissemination or
			 publication of an electronic approval code.
Added to NAC by St.
				Controller by R069-98, eff. 8-4-98
NRS
				  353.3195
Nevada Administrative Code › Chapter 353 - Electronic Approval Codes › CLAIMS › Section 353.100 - Examination of claims for payment pursuant to legislative appropriation or authorization

Current through June 11, 2024
Claims presented to the State Board of Examiners pursuant to
				NRS
				353.090 must be examined to determine their
				correctness using:
1. Sampling
			 procedures that are established using professional judgment and based on risk
			 assessments of the claims that involve consideration of:
(a) The dollar amount of the claim;
(b) The appropriateness of the underlying
			 transaction; and
(c) Any other area
			 of concern that is deemed to be relevant to the determination.
Nevada Administrative Code › Chapter 353 - Electronic Approval Codes › DISASTER RELIEF ACCOUNT › Section 353.200 - Report of damages by Division of Emergency Management for request for grant or loan: Contents

Current through June 11, 2024
A written report prepared by the Division of Emergency
				Management of the Department of Public Safety pursuant to
				NRS
				353.2753 will set forth, without
				limitation:
1. A description of:
(a) The event resulting in damage, including,
			 without limitation:
(1) The location of the
			 event;
(2) Each state agency or
			 local government affected by the event;
(3) Any resources requested and used by the
			 state agency or local government affected by the event; and
(4) Any declarations requested by the state
			 agency or local government affected by the event and an indication of any such
			 declarations which have been approved, signed or provided.
Nevada Administrative Code › Chapter 353A - Internal Accounting and Administrative Control › Section 353A.100 - Training for administration of budgetary accounts required; contents of training; evaluation of effectiveness of training

Current through June 11, 2024
1. Except as otherwise provided in NRS 353A.055, the head of an agency and any employee of an agency whose duties include administering budgetary accounts shall attend training provided by the Division of Internal Audits:
(a) Within 90 days after being hired for or promoted or otherwise transferred into a position whose duties include administering budgetary accounts, unless the person has previously attended such training;
(b) If attendance is recommended by the Division following a review or audit of the agency; or
(c) In the case of an employee of an agency, if directed to attend by the head of the agency.
Each agency is responsible for the attendance of any employee required to attend training.
Nevada Administrative Code › Chapter 353B - College Savings Plans of Nevada › Section 353B.Sec. 2 - NEW

Current through June 11, 2024
As used in this chapter, unless the context otherwise requires,
			 the words and terms defined in NAC 353B.005 and sections 3, 4 and 5 have the
			 meanings ascribed to them in those sections.
Added
			 to NAC by Bd. of Trustees for Higher Educ. Tuition Trust Fund by
			 R032-22A,
			 eff. 9/8/2022
NRS 353B.335
Nevada Administrative Code › Chapter 353B - College Savings Plans of Nevada › Section 353B.Sec. 3 - NEW

Current through June 11, 2024
"Designated beneficiary" has the meaning ascribed to it in 26
			 U.S.C. § 529.
Added
			 to NAC by Bd. of Trustees for Higher Educ. Tuition Trust Fund by
			 R032-22A,
			 eff. 9/8/2022
NRS
				353B.335
Nevada Administrative Code › Chapter 353B - College Savings Plans of Nevada › Section 353B.Sec. 4 - NEW

Current through June 11, 2024
"Eligible educational institution" means a school described in
			 paragraph (g) of subsection 3 of NRS 353B.100.
Added
			 to NAC by Bd. of Trustees for Higher Educ. Tuition Trust Fund by
			 R032-22A,
			 eff. 9/8/2022
NRS
				353B.335
Nevada Administrative Code › Chapter 353B - College Savings Plans of Nevada › Section 353B.Sec. 5 - NEW

Current through June 11, 2024
"Qualified higher education expenses" has the meaning ascribed to
			 it in 26 U.S.C. §
								529.
Added
			 to NAC by Bd. of Trustees for Higher Educ. Tuition Trust Fund by
			 R032-22A,
			 eff. 9/8/2022
NRS
				353B.335
Nevada Administrative Code › Chapter 353B - College Savings Plans of Nevada › Section 353B.Sec. 6 - NEW

Current through June 11, 2024
For the purposes of paragraph (g) of subsection 3 of
			 NRS
			 353B.100, the Board will construe the term
			 "accredited" to mean that a school has been accredited as a postsecondary
			 educational institution by an accrediting body recognized by the United States
			 Department of Education and is eligible to participate in a program for student
			 financial assistance offered by the United States Department of
			 Education.
Added
			 to NAC by Bd. of Trustees for Higher Educ. Tuition Trust Fund by
			 R032-22A,
			 eff. 9/8/2022
NRS
				353B.335
Nevada Administrative Code › Chapter 353B - College Savings Plans of Nevada › Section 353B.Sec. 7 - NEW

Current through June 11, 2024
As used in sections 7 to 13, inclusive, unless the context
			 otherwise requires, "Program" means the Nevada College Kick Start Program
			 created by
			 NRS
			 353B.335.
Added
			 to NAC by Bd. of Trustees for Higher Educ. Tuition Trust Fund by
			 R032-22A,
			 eff. 9/8/2022
NRS
				353B.335
Nevada Administrative Code › Chapter 353B - College Savings Plans of Nevada › Section 353B.Sec. 8 - NEW

Current through June 11, 2024
1. Except as otherwise provided in subsection
		  2, the Board will automatically enroll a pupil who is enrolled in kindergarten
		  at a public school in this State in the Program:
(a) On the first date on which a school
		  district is required to report the average daily enrollment of pupils pursuant
		  to NRS 387.1223 of the school year in which the pupil is enrolled in
		  kindergarten; or
(b) For a pupil
		  who completes kindergarten at a public school in this State and who was not
		  enrolled in kindergarten on the date prescribed in paragraph (a), on the last
		  day of the school year in which the pupil completes kindergarten.
Nevada Administrative Code › Chapter 353B - College Savings Plans of Nevada › Section 353B.Sec. 9 - NEW

Current through June 11, 2024
1. The Board will:
(a) Create an account for each pupil enrolled
		  in the Program pursuant to section 8.
(b) To the extent that money is available,
		  credit at least $50 to each college savings account created pursuant to
		  paragraph (a).
(c) Review the
		  adequacy of the amount credited pursuant to paragraph (a) in each even-numbered
		  year. In conducting such a review, the Board will consider, without limitation,
		  the cost of attending an eligible educational institution, changes in the cost
		  of living, inflation and the amount of money in the Endowment Account
		  established pursuant to
		  NRS
		  353B.350.
(d) Direct the investment of money in each
		  account created pursuant to paragraph (a). In making decisions regarding the
		  investment of money in each account, the Board will assume that money in the
		  account must be available for distribution upon the receipt of a high school
		  diploma, or its equivalent, by a designated beneficiary.
(e) Review and recommend incentives for
		  additional credits to accounts created pursuant to this section.
Nevada Administrative Code › Chapter 353B - College Savings Plans of Nevada › Section 353B.Sec. 10 - NEW

Current through June 11, 2024
The Office of the State Treasurer shall:
1. Make information regarding each account,
		  including, without limitation, any reports regarding the account and the
		  balance of the account, available for access by the designated beneficiary of
		  the account and his or her parent or guardian on an Internet website maintained
		  by the Office.
2. Within 90 days
		  after the date on which an account is created pursuant to section 9, send by
		  regular mail or electronic mail to the designated beneficiary of the account
		  and his or her parent or guardian:
(a) Written
		  notice of the name of the designated beneficiary;
(b) Written notice of the Program
		  identification number assigned to the designated beneficiary; and
(c) Directions regarding how to access the
		  account in the manner prescribed in section 11.
Nevada Administrative Code › Chapter 353B - College Savings Plans of Nevada › Section 353B.Sec. 11 - NEW

Current through June 11, 2024
To access the account of a pupil created pursuant to section 9,
			 the parent or guardian of the pupil must apply for such access on a form
			 prescribed by the Office of the State Treasurer. The application must include,
			 without limitation:
1. The Program
		  identification number assigned to the designated beneficiary on whose behalf
		  the parent or guardian is accessing the account;
2. The date of birth of the designated
		  beneficiary on whose behalf the parent or guardian is accessing the
		  account;
3. The zip code in which
		  the designated beneficiary resided on the date on which the account was
		  established; and
4. The electronic
		  mail address of the parent or guardian of the designated beneficiary.
Added
			 to NAC by Bd. of Trustees for Higher Educ. Tuition Trust Fund by
			 R032-22A,
			 eff. 9/8/2022
NRS
				353B.335
Nevada Administrative Code › Chapter 353B - College Savings Plans of Nevada › Section 353B.Sec. 12 - NEW

Current through June 11, 2024
1. The parent or guardian of a pupil who
		  wishes to voluntarily close an account created pursuant to section 9 must
		  complete and submit to the Office of the State Treasurer the opt-out form
		  prescribed by the Office of the State Treasurer.
2. The Office of the State Treasurer shall
		  close an account created pursuant to section 9:
(a) Upon receipt of an opt-out form submitted
		  pursuant to subsection 1.
(b) If
		  any portion of the money credited to the account has not been distributed by
		  August 1 of the year that is 6 years after the year in which the designated
		  beneficiary was regularly scheduled to graduate from high school.
Nevada Administrative Code › Chapter 353B - College Savings Plans of Nevada › Section 353B.Sec. 13 - NEW

Current through June 11, 2024
1. Upon receipt of a high school diploma, or
		  its equivalent, a designated beneficiary who is enrolled at an eligible
		  educational institution may request a distribution from the account created
		  pursuant to section 9 by submitting such a request on a form prescribed by the
		  Office of the State Treasurer.
2.
		  The Office of the State Treasurer shall grant a request for a distribution for
		  a qualified higher education expense that is submitted pursuant to subsection 1
		  on or before the date prescribed in paragraph (b) of subsection 2 of section
		  12.
3. A distribution pursuant to
		  this section must be made directly to the eligible educational institution in
		  which the designated beneficiary is enrolled.
Added
			 to NAC by Bd. of Trustees for Higher Educ. Tuition Trust Fund by
			 R032-22A,
			 eff. 9/8/2022
NRS
				353B.335
Nevada Administrative Code › Chapter 353B - College Savings Plans of Nevada › GENERAL PROVISIONS › Section 353B.005 - "Board" defined

Current through June 11, 2024
"Board" has the meaning ascribed to it in NRS
				353B.002.
Added to NAC by Bd. of
				Trustees of College Savings Plans of Nev. by R150-03, eff. 8-25-2004; A by
				R032-22A,
				eff. 9/8/2022
NRS
				  353B.335
Nevada Administrative Code › Chapter 353B - College Savings Plans of Nevada › NEVADA HIGHER EDUCATION PREPAID TUITION PROGRAM › General Provisions › Section 353B.010 - Definitions

Current through June 11, 2024
As used in NAC 353B.010 to 353B.510, inclusive, unless the
				  context otherwise requires, the words and terms defined in
				  NRS
				  353B.030 to
				  353B.070,
				  inclusive, and NAC 353B.020 to 353B.090, inclusive, have the meanings ascribed
				  to them in those sections.
Added to NAC by Bd. of
				  Trustees for Higher Educ. Tuition Trust Fund by R009-99, eff. 11-3-99; A by Bd.
				  of Trustees of College Savings Plans of Nev. by R150-03, 8-25-2004; R055-09,
				  10-27-2009
NRS
					 353B.090
Nevada Administrative Code › Chapter 353B - College Savings Plans of Nevada › NEVADA HIGHER EDUCATION PREPAID TUITION PROGRAM › General Provisions › Section 353B.020 - "Contract" defined

Current through June 11, 2024
"Contract" means a prepaid tuition contract, consisting of
				  the provisions of an application for enrollment in the Program and a schedule
				  for participation and payment provided by the Board.
Added to NAC by Bd. of
				  Trustees for Higher Educ. Tuition Trust Fund by R009-99, eff. 11-3-99; A by Bd.
				  of Trustees of College Savings Plans of Nev. by R055-09,
				  10-27-2009
NRS
					 353B.090
Nevada Administrative Code › Chapter 353B - College Savings Plans of Nevada › NEVADA HIGHER EDUCATION PREPAID TUITION PROGRAM › General Provisions › Section 353B.030 - "Contractual plan" defined

Current through June 11, 2024
"Contractual plan" means an option set forth in NAC
				  353B.150.
Added to NAC by Bd. of
				  Trustees for Higher Educ. Tuition Trust Fund by R009-99, eff.
				  11-3-99
NRS
					 353B.090
Nevada Administrative Code › Chapter 353B - College Savings Plans of Nevada › NEVADA HIGHER EDUCATION PREPAID TUITION PROGRAM › General Provisions › Section 353B.040 - "Date of matriculation" defined

Current through June 11, 2024
"Date of matriculation" means the year that a qualified
				  beneficiary commences his or her attendance at a postsecondary educational
				  institution.
Added to NAC by Bd. of
				  Trustees for Higher Educ. Tuition Trust Fund by R009-99, eff. 11-3-99; A by Bd.
				  of Trustees of College Savings Plans of Nev. by R055-09,
				  10-27-2009
NRS
					 353B.090
Nevada Administrative Code › Chapter 353B - College Savings Plans of Nevada › NEVADA HIGHER EDUCATION PREPAID TUITION PROGRAM › General Provisions › Section 353B.050 - "Eligible educational institution" defined (Repealed)

Current through June 11, 2024
Added to NAC by Bd. of
				  Trustees for Higher Educ. Tuition Trust Fund by R009-99, eff. 11-3-99; A by Bd.
				  of Trustees of College Savings Plans of Nev. by R055-09, 10-27-2009; R by
				  R032-22A,
				  eff. 9/8/2022
NRS
					 353B.335
Nevada Administrative Code › Chapter 353B - College Savings Plans of Nevada › NEVADA HIGHER EDUCATION PREPAID TUITION PROGRAM › General Provisions › Section 353B.055 - "Master agreement" defined

Current through June 11, 2024
"Master agreement" means the agreement developed by the
				  Board pursuant to NAC 353B.140.
Added to NAC by Bd. of
				  Trustees of College Savings Plans of Nev. by R055-09, eff.
				  10-27-2009
NRS
					 353B.090
Nevada Administrative Code › Chapter 353B - College Savings Plans of Nevada › NEVADA HIGHER EDUCATION PREPAID TUITION PROGRAM › General Provisions › Section 353B.060 - "Program" defined

Current through June 11, 2024
"Program" means the Program for the Prepayment of Tuition
				  established pursuant to
				  NRS 353B.010 to
				  353B.190,
				  inclusive, and NAC 353B.010 to 353B.510, inclusive.
Added to NAC by Bd. of
				  Trustees for Higher Educ. Tuition Trust Fund by R009-99, eff.
				  11-3-99
NRS
					 353B.090
Nevada Administrative Code › Chapter 353B - College Savings Plans of Nevada › NEVADA HIGHER EDUCATION PREPAID TUITION PROGRAM › General Provisions › Section 353B.069 - "State college" defined

Current through June 11, 2024
"State college" means the Nevada State College.
Added to NAC by Bd. of
				  Trustees of College Savings Plans of Nev. by R055-09, eff.
				  10-27-2009
NRS
					 353B.090
Nevada Administrative Code › Chapter 353B - College Savings Plans of Nevada › NEVADA HIGHER EDUCATION PREPAID TUITION PROGRAM › General Provisions › Section 353B.070 - "State community college" defined

Current through June 11, 2024
"State community college" means:
1. The College of Southern Nevada;
2. Western Nevada College;
3. Truckee Meadows Community College;
				or
4. Great Basin
				College.
Added to NAC by Bd. of
				  Trustees for Higher Educ. Tuition Trust Fund by R009-99, eff. 11-3-99; A by Bd.
				  of Trustees of College Savings Plans of Nev. by R055-09,
				  10-27-2009
NRS
					 353B.090
Nevada Administrative Code › Chapter 353B - College Savings Plans of Nevada › NEVADA HIGHER EDUCATION PREPAID TUITION PROGRAM › General Provisions › Section 353B.080 - "State university" defined

Current through June 11, 2024
"State university" means:
1. The University of Nevada, Reno;
				or
2. The University of Nevada, Las
				Vegas.
Added to NAC by Bd. of
				  Trustees for Higher Educ. Tuition Trust Fund by R009-99, eff.
				  11-3-99
NRS
					 353B.090
Nevada Administrative Code › Chapter 353B - College Savings Plans of Nevada › NEVADA HIGHER EDUCATION PREPAID TUITION PROGRAM › General Provisions › Section 353B.090 - "Tuition" defined

Current through June 11, 2024
"Tuition" means the cost for the enrollment of a full-time
				  student into an eligible educational institution, except for any amounts
				  charged:
1. To nonresident students
				only;
2. As fines, application
				fees, entrance fees, parking fees, technology fees, athletic fees or studio
				fees, laboratory fees, surcharges or other fees imposed for specific courses,
				whether or not charged to all students; and
3. For books, supplies, room or board,
				whether or not charged to all students.
Added to NAC by Bd. of
				  Trustees for Higher Educ. Tuition Trust Fund by R009-99, eff. 11-3-99; A by Bd.
				  of Trustees of College Savings Plans of Nev. by R150-03, 8-25-2004; R055-09,
				  10-27-2009
NRS
					 353B.090
Nevada Administrative Code › Chapter 353B - College Savings Plans of Nevada › NEVADA HIGHER EDUCATION PREPAID TUITION PROGRAM › Enrollment in Program; Administration; Benefits › Section 353B.140 - Development of master agreement by Board; review and amendment

Current through June 11, 2024
1. The Board will develop a master agreement
				for the Program. The master agreement must include, without limitation:
(a) Information concerning the
				Program;
(b) The obligations of the
				Program to a purchaser and a qualified beneficiary;
(c) The qualifications of a purchaser and a
				qualified beneficiary;
(d) The
				requirements for enrollment in the Program;
(e) The methods of payment;
(f) The method for the distribution and
				payment of benefits;
(g) An
				explanation of the operation of the Trust Fund; and
(h) General provisions, including, without
				limitation, provisions concerning:
(1) The
				termination of a contract or the master agreement;
(2) Refunds;
(3) Conversions of a contract;
(4) Amendments to a contract or the master
				agreement;
(5)
				Arbitration;
(6) Limited
				liability;
(7) The prohibition on
				the sale of contracts; and
(8) Any
				other provisions as determined by the Board.
Nevada Administrative Code › Chapter 353B - College Savings Plans of Nevada › NEVADA HIGHER EDUCATION PREPAID TUITION PROGRAM › Enrollment in Program; Administration; Benefits › Section 353B.150 - Contract provisions: Payment of tuition to institution of higher education for certain number of semester hours of credit

Current through June 11, 2024
1. A
				contract may provide for payment from the Trust Fund of the amount of tuition
				required for the enrollment of a qualified beneficiary into:
(a) A state community college in sufficient
				classes for a student to earn 60 semester hours of credit;
(b) A state:
(1) Community college in sufficient classes
				for a student to earn 60 semester hours of credit; and
(2) University in sufficient classes for a
				student to earn 60 semester hours of credit; or
(c) A state university in sufficient classes
				for a student:
(1) To earn 30 semester hours
				of credit;
(2) To earn 60 semester
				hours of credit; or
(3) To earn 120
				semester hours of credit.
Nevada Administrative Code › Chapter 353B - College Savings Plans of Nevada › NEVADA HIGHER EDUCATION PREPAID TUITION PROGRAM › Enrollment in Program; Administration; Benefits › Section 353B.160 - Contract provisions: Restrictions on payment of tuition and other amounts charged for enrollment; payment of tuition for person designated as qualified beneficiary on more than one contract

Current through June 11, 2024
1. Except as
				otherwise provided in subsection 2, a contract may not authorize the payment
				of:
(a) Tuition for:
(1) More than one qualified beneficiary;
				or
(2) A person who is designated
				as a qualified beneficiary for another contract; or
Nevada Administrative Code › Chapter 353B - College Savings Plans of Nevada › NEVADA HIGHER EDUCATION PREPAID TUITION PROGRAM › Enrollment in Program; Administration; Benefits › Section 353B.170 - Eligibility to be purchaser or qualified beneficiary

Current through June 11, 2024
1.
				A purchaser may be any person or legal entity other than the qualified
				beneficiary designated for the contract.
2. At the time of enrollment in the Program,
				a qualified beneficiary must not yet have:
(a) Completed the ninth grade of school;
				or
(b) Attained the age of 18
				years.
Nevada Administrative Code › Chapter 353B - College Savings Plans of Nevada › NEVADA HIGHER EDUCATION PREPAID TUITION PROGRAM › Enrollment in Program; Administration; Benefits › Section 353B.180 - Application: Contents; fee; late application; copy of contract and master agreement

Current through June 11, 2024
1. A person who
				desires to enter into a contract must submit to the Board an application for
				enrollment in the Program, on a form provided by the Board, and a fee of $100
				for processing the application. The application must include:
(a) The expected date of matriculation of the
				qualified beneficiary;
(b) The
				desired contractual plan; and
(c)
				Any other relevant information requested by the Board.
Nevada Administrative Code › Chapter 353B - College Savings Plans of Nevada › NEVADA HIGHER EDUCATION PREPAID TUITION PROGRAM › Enrollment in Program; Administration; Benefits › Section 353B.190 - Designation of legal successor of applicant or purchaser

Current through June 11, 2024
An applicant for enrollment in the Program or a purchaser
				  may submit to the Board a written designation of a person to serve as the legal
				  successor of the applicant or purchaser for the purposes of the contract in the
				  event that the applicant or purchaser dies before the contract is discharged. A
				  person so designated:
1. Must not be
				the qualified beneficiary for the contract; and
2. May request and receive from the Board any
				information regarding the contract, but may exercise no other rights regarding
				the contract during the lifetime of the purchaser.
Added to NAC by Bd. of
				  Trustees for Higher Educ. Tuition Trust Fund by R009-99, eff. 11-3-99; A by Bd.
				  of Trustees of College Savings Plans of Nev. by R055-09,
				  10-27-2009
NRS
					 353B.090
Nevada Administrative Code › Chapter 353B - College Savings Plans of Nevada › NEVADA HIGHER EDUCATION PREPAID TUITION PROGRAM › Enrollment in Program; Administration; Benefits › Section 353B.200 - Board to establish and give public notice of dates for enrollment and of certain rates

Current through June 11, 2024
The Board will annually:
1. Establish:
(a) Guaranteed rates for the prepayment of
				tuition pursuant to a contract;
(b)
				Specific dates for enrollment in the Program;
(c) A rate of interest for the provision of
				any refunds pursuant to NAC 353B.010 to 353B.510, inclusive, of payments
				received during the immediately preceding year, which must be based upon the
				net return on the investment of money in the Trust Fund during that
				year;
(d) For the purpose of
				imposing a penalty pursuant to paragraph (c) of subsection 2 of NAC 353B.510,
				the estimated rate of return on investments in the Trust Fund; and
(e) A rate of discount for the payment of the
				remaining balance of a contract in a lump sum pursuant to NAC 353B.360;
				and
Nevada Administrative Code › Chapter 353B - College Savings Plans of Nevada › NEVADA HIGHER EDUCATION PREPAID TUITION PROGRAM › Enrollment in Program; Administration; Benefits › Section 353B.205 - Provision of benefits: Annual determination of amount; formula for conversion to semester credit hours; payment directly to eligible educational institution

Current through June 11, 2024
1. The Board will
				annually determine the amount of benefits to be paid to an eligible educational
				institution for a qualified beneficiary pursuant to a contract based upon the
				tuition charged per semester credit hour at the state universities, state
				colleges and state community colleges.
2. If an eligible educational institution
				charges students using a method other than semester credit hours, the Board
				will convert that method into semester credit hours to determine the number of
				semester credit hours that are eligible for the payment of benefits under the
				contract in the following manner:
(a) For an
				institution that enrolls students in a semester or tri-semester program based
				upon clock hours, by dividing the total clock hours in the program by
				30.
(b) For an institution that
				enrolls students in a quarter-hour program based upon clock hours, by dividing
				the total number of clock hours in the program by 20.
Nevada Administrative Code › Chapter 353B - College Savings Plans of Nevada › NEVADA HIGHER EDUCATION PREPAID TUITION PROGRAM › Enrollment in Program; Administration; Benefits › Section 353B.210 - Provision of benefits: Restrictions; termination of contract and refund

Current through June 11, 2024
1. The Board will not provide any benefits
				pursuant to a contract:
(a) Earlier than 3
				years after the date the first payment is due from the purchaser pursuant to
				the contract.
(b) Until:
(1) The purchaser has paid the entire amount
				due pursuant to the contract, including any outstanding fees and penalties;
				and
(2) The Board has received:
(I) The social security number of the
				qualified beneficiary;
(II) If the
				qualified beneficiary enrolls in an eligible educational institution that is
				not a member of the System, at least 60 days' notice of that enrollment;
				and
(III) Any other information
				relating to the contract requested by the Board.
(c) Earlier than the expected date
				of matriculation of the qualified beneficiary, as specified pursuant to NAC
				353B.180 or 353B.310, except that the Board may allow the commencement of those
				benefits not more than 2 years before that date if the qualified beneficiary is
				a senior in high school and enrolls into an eligible educational institution
				before that date.
(d) Later than 6
				years, excluding any period during which the qualified beneficiary is on active
				duty in the Armed Services of the United States or has been actively serving or
				participating in a charitable, religious or public service assignment or
				mission, after the expected date of matriculation of the qualified beneficiary,
				as specified pursuant to NAC 353B.180 or 353B.310.
(e) If the provision of benefits does not
				commence before the qualified beneficiary attains the age of 30 years plus any
				period during which the qualified beneficiary was on active duty in the Armed
				Services of the United States or has been actively serving or participating in
				a charitable, religious or public service assignment or mission.
Nevada Administrative Code › Chapter 353B - College Savings Plans of Nevada › NEVADA HIGHER EDUCATION PREPAID TUITION PROGRAM › Enrollment in Program; Administration; Benefits › Section 353B.220 - Provision of benefits: Accrual of benefits if tuition rate is less than amount of benefit payment; refund

Current through June 11, 2024
If a qualified beneficiary enrolls in an eligible
				  educational institution that charges tuition at a rate that is less than the
				  amount of the benefit payment determined by the Board pursuant to NAC 353B.205,
				  the Board will remit to the eligible educational institution the actual amount
				  of tuition charged to that qualified beneficiary and accrue any remaining
				  benefit amount. The Board will provide a refund to the purchaser for any such
				  accrued benefits according to the terms of the master
				  agreement.
Added to NAC by Bd. of
				  Trustees of College Savings Plans of Nev. by R055-09, eff.
				  10-27-2009
NRS
					 353B.090