Nevada Code § 432.016

Nevada Childrens Gift Account
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1. All gifts of money that the Division is
authorized to accept must be deposited in the Nevada Childrens Gift Account in
the Department of Human Services Gift Fund.
2. Money in the Gift Account may be used
to benefit the children to whom shelter and care is provided by the Division.
Each gift must be expended in accordance with the terms of the gift.
3. The interest and income earned on the
money in the Nevada Childrens Gift Account, after deducting any applicable
charges, must be credited to the Gift Account.
4. The Division may transfer each fiscal
year from the Nevada Childrens Gift Account to the Nevada Childrens Gift
Revolving Account created pursuant to NRS
432.0165 an amount not to exceed the amount of interest and income earned
for that fiscal year on the money in the Nevada Childrens Gift Account.
5. Each claim against the Nevada
Childrens Gift Account must be approved by the Administrator or the designee
of the Administrator before it is paid.

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