1.470 - Fund for the National Judicial College. - Nevada Statutes

1.470  Fund for the National Judicial College.

      1.  The Fund for the National Judicial College is hereby created as a special revenue fund. The interest and income earned on the money in the Fund, in an amount not exceeding $300,000 per year, after deducting any applicable charges, must be credited to the Fund. Any interest and income earned in excess of $300,000 per year must be credited to the State General Fund.

      2.  The State Treasurer shall, subject to the limitation in subsection 1, pay to the Dean of the National Judicial College at the end of each quarter an amount equal to any interest and income credited to the Fund during that quarter. The Dean may use the money to pay expenses which relate to operating the College.

      3.  The State Board of Examiners may, upon making a determination that any portion of the principal of the money in the Fund is necessary to meet existing or future obligations of the State, recommend to the Interim Finance Committee that the amount so needed be transferred from the Fund to the State General Fund. Upon approval of the Interim Finance Committee, the money may be so transferred.

      4.  The Dean shall submit an itemized statement of all of the income and expenditures of the National Judicial College each year to the Legislature or the Interim Finance Committee.

      (Added to NRS by 1985, 1506; A 1989, 1989; 1997, 119)