Nevada Code § 90.705

Creation of Fund; disbursement; preparation of quarterly estimates; interest and income; deposits; nonreversion
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1. Money for payment of compensation as
awarded by the Administrator pursuant to NRS
90.703 must be paid from the Fund for the Compensation of Victims of
Securities Fraud, which is hereby created. Money in the Fund must be disbursed
by the Division in the same manner as other claims against the State are paid,
in accordance with the regulations adopted pursuant to NRS 90.708 .
2. The Division shall prepare quarterly
estimates of:
(a) The money in the Fund which is available for
the payment of compensation; and
(b) The anticipated expenses of the Fund for the
next fiscal quarter.
3. The interest and income earned
on the money in the Fund, after deducting any applicable charges, must be
credited to the Fund.
4. The Division may apply for and accept
gifts, grants and donations from any source for deposit in the Fund.
5. Any money remaining in the Fund at the
end of each fiscal year does not revert to the State General Fund and must be
carried forward to the next fiscal year.

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