445A.125 - Interest and income; deposits; acceptance of gifts, grants and bequests. - Nevada Statutes

445A.125  Interest and income; deposits; acceptance of gifts, grants and bequests.

      1.  The interest and income earned on money in the Account must be credited to the Account.

      2.  All payments of principal and interest on all loans made to a municipality or interstate agency and all proceeds from the sale, refunding or prepayment of obligations of a municipality or interstate agency acquired or loans made in carrying out the purposes of the Account must be deposited in the State Treasury for credit to the Account.

      3.  The Department may accept gifts, grants and bequests of money from any public or private source. The money must be deposited in the State Treasury for credit to the Account.

      (Added to NRS by 1989, 1257; A 1993, 644)—(Substituted in revision for NRS 445.054)