2011 Nevada Revised Statutes
Chapter 231 - Economic Development, Tourism and Cultural Affairs
NRS 231.1592 - Creation; nature of Fund; disposition of interest and income; duties of Executive Director.
1. The Knowledge Fund is hereby created in the State Treasury.
2. The Knowledge Fund is a continuing fund without reversion. The interest and income earned on money in the Knowledge Fund, after deducting any applicable charges, must be credited to the Knowledge Fund.
3. The Executive Director:
(a) Shall administer the Knowledge Fund in a manner that is consistent with the State Plan for Economic Development developed by the Executive Director pursuant to subsection 2 of NRS 231.053;
(b) May apply for and accept any gift, grant, donation, bequest or other source of money for deposit in the Knowledge Fund; and
(c) Subject to any restrictions imposed by such a grant, gift, donation or appropriation, may allocate money in the Knowledge Fund among the research universities, the Desert Research Institute, the technology outreach program established pursuant to NRS 231.1596 and the technology transfer offices of the research universities and the Desert Research Institute to support commercialization and technology transfer to the private sector.
(Added to NRS by 2011, 3437)
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