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2022 Nevada Revised Statutes
Chapter 353B - College Savings Programs
NRS 353B.145 - Policy for use of certain excess money.
Universal Citation: NV Rev Stat § 353B.145 (2022)
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 policy pursuant to subsection 1, the Board must consider, without limitation, the short-term and long-term financial viability of the Program developed pursuant to NRS 353B.090, including, without limitation, the projected future costs of prepaid tuition contracts.
(Added to NRS by 2021, 560)
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