2011 Nevada Revised Statutes
Chapter 231 - Economic Development, Tourism and Cultural Affairs
NRS 231.1573 - Creation; nature of Fund; disposition of interest, income and principal; administration.
1. The Catalyst Fund is hereby created as a special revenue fund in the State Treasury.
2. The Catalyst Fund is a continuing fund without reversion. The interest and income earned on money in the Catalyst Fund, after deducting any applicable charges, must be credited to the Catalyst Fund.
3. All payments of principal and interest on any loan made with money from the Catalyst Fund must be deposited in the State Treasury for credit to the Fund.
4. The Executive Director shall administer the Catalyst Fund and may apply for and accept any gift, grant, donation, bequest or other source of money for deposit in the Catalyst Fund.
(Added to NRS by 2011, 3434; A 2011, 3486)
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