2017 Nevada Revised Statutes
Chapter 396 - Nevada System of Higher Education
NRS 396.954 - Determination of amount of grant; award of grant to eligible student; limitation on use of money received from grant.
1. For each eligible student, the Board of Regents or a designee thereof shall:
(a) Calculate the maximum amount of the grant which the student is eligible to receive. The maximum amount of such a grant must not exceed the amount equal to the cost of education of the student minus the amounts determined for the student contribution, family contribution and federal contribution to the cost of education of the student.
(b) Determine the actual amount of the grant which will be awarded to each student, which amount must not exceed the maximum amount calculated pursuant to paragraph (a), but which may be in a lesser amount if the Board of Regents or a designee thereof, as applicable, determines that the amount of money available for all grants for any semester is insufficient to award to all eligible students the maximum amount of the grant which each student is eligible to receive.
(c) Award to each eligible student a grant in the amount determined pursuant to paragraph (b).
2. Money received from a grant awarded under the Program must be used by a student only to pay for the cost of education of the student at a community college or state college within the System and not for any other purpose.
(Added to NRS by 2015, 2190)
