Nevada Code § 232.49967

1. The Account for the Graduate Medical
Education Grant Program is hereby created in the State General Fund. The
Director of the Nevada Health Authority or his or her designee shall administer
the Account.
2. The Director of the Nevada Health
Authority or his or her designee may:
(a) Accept any gift, donation, bequest or devise;
and
(b) Apply for and accept any grant, loan or other
source of money,
for deposit
in the Account to assist the Director in carrying out the Graduate Medical
Education Grant Program established pursuant to NRS 232.49961 .
3. The interest and income earned on the
money in the Account, after deducting any applicable charges, must be credited
to the Account.
4. The money in the Account must only be
used to:
(a) Award competitive grants to institutions in
this State:
(1) Seeking to create, expand or retain
programs for residency training and postdoctoral fellowships that are approved
by the Accreditation Council for Graduate Medical Education or its successor
organization; or
(2) Operating programs for residency
training that are approved by the Accreditation Council for Graduate Medical
Education, or its successor organization, and that are training a number of
residents that exceeds the maximum number of full-time equivalent resident
positions for which the institution receives direct graduate medical education
or indirect medical education payments from Medicare; and
(b) Defray the costs of establishing and
administering the Graduate Medical Education Grant Program established pursuant
to NRS 232.49961 .
5. Any money remaining in the Account at
the end of the fiscal year does not revert to the State General Fund, and the
balance in the Account must be carried forward to the next fiscal year.
6. Claims against the Account must be paid
as other claims against the State are paid.

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