2019 Nevada Revised Statutes
Chapter 353B - College Savings Programs and Education Savings Accounts
NRS 353B.110 - General duties and powers of Board.
The Board:
1. May modify the regulations for the implementation of the Program adopted pursuant to subsection 3 of NRS 353B.090.
2. May establish agreements to fulfill its obligations under the prepaid tuition contracts.
3. May contract for any necessary good or service, including, without limitation, the power to engage financial consultants, actuaries or legal counsel.
4. May procure insurance against any loss in connection with the property, assets or activities of the Trust Fund, the State Treasurer or the Board.
5. May solicit and accept a gift, including, without limitation, a bequeathment or other testamentary gift, grant, loan or aid from any source.
6. Shall solicit answers to requests for rulings from the Internal Revenue Service regarding the tax status of fees paid to or on behalf of a purchaser or a qualified beneficiary pursuant to a prepaid tuition contract.
(Added to NRS by 1997, 3486; A 2001, 2166; 2003, 155; 2017, 4147)
