2010 Nevada Code
TITLE 45 WILDLIFE
Chapter 504 Management and Propagation
NRS 504.450 Heil Trust Fund for Wild Horses.
NRS 504.450 Heil Trust Fund for Wild Horses.
1. There is hereby created as a trust fund, the Heil Trust Fund for Wild Horses. The Fund is a continuing fund without reversion. All money received from the Heil Trust, and all money from any other source designated for deposit in the Fund, must be deposited in that Fund. The Director shall administer the Fund.
2. The money in the Fund must be invested as other money of the State is invested. All interest earned on the deposit or investment of the money in the Fund must be credited to that Fund.
3. The Director shall authorize the expenditure of the interest and principal of the Fund but the principal of the Fund must not be reduced to less than $900,000, unless the expenditure is approved by the Legislature, if it is in session, or the Interim Finance Committee. Claims against the Fund must be paid as other claims against the State are paid.
4. The expenses of the Commission must be paid from the Fund.
(Added to NRS by 1985, 1887; A 1991, 910; 1997, 2533; 2001, 1114; 2003, 3070)
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