397.062 - Western Interstate Commission for Higher Education’s Account for Miscellaneous Expenses. - Nevada Statutes

397.062  Western Interstate Commission for Higher Education’s Account for Miscellaneous Expenses.

      1.  There is hereby created an account in the State General Fund entitled the Western Interstate Commission for Higher Education’s Account for Miscellaneous Expenses. Any money received by the three Nevada State Commissioners as the proceeds of any penalty or appropriated or authorized for the purposes of this section must be deposited in this Account.

      2.  The three Nevada State Commissioners, acting jointly, shall administer the Account and the money in the Account must be used to:

      (a) Pay miscellaneous expenses incurred in administering the Western Interstate Commission for Higher Education’s Fund for Student Loans; and

      (b) Pay expenses incurred in collecting money due the State from a student loan or a stipend granted from the Western Interstate Commission for Higher Education’s Fund for Student Loans.

      (Added to NRS by 1985, 848; A 2003, 940)