213.145 - Parolees’ Revolving Account: Creation; use; reversion of balances. - Nevada Statutes

213.145  Parolees’ Revolving Account: Creation; use; reversion of balances.

      1.  A parolees’ revolving loan account in the sum of $4,500 is hereby created for the use of the Board.

      2.  The account must be under the control of the Chief Parole and Probation Officer, who shall use the account to provide loans to individual parolees in an amount not to exceed $300 to assist in purchasing job tools or equipment, transportation to home or job or for food and rent until a steady income can be obtained. These loans may be made at a rate of interest not to exceed 4 percent.

      3.  Terms of repayment must be established at the time of making the loan but the Chief Parole and Probation Officer may alter the terms if the best interests of the parolee and the State would be served by doing so. Willful failure to make payments on the loan is a ground, in the discretion of the Board, for revocation of parole.

      4.  The account is nonreverting, except to the extent that the cash balance of the account exceeds $4,500 at the end of each fiscal year, the excess cash must be credited to the State General Fund.

      (Added to NRS by 1967, 872; A 1979, 101; 1991, 1355)