1. The Account for Student Loan Repayment for Providers of Health Care in Underserved Communities is hereby created in the State General Fund. The State Treasurer shall administer the Account. 2. Money for the Account may be provided: (a) By direct legislative appropriation; (b) By transfer from another account, including, without limitation, the Abandoned Property Trust Account created by NRS 120A.620; or (c) As provided in subsection 5. 3. Money in the Account must be used solely: (a) To administer the Account and the Program; and (b) To repay the student education loans of providers of health care who have qualified for such repayment pursuant to NRS 226.460 and 226.462. 4. The interest and income earned on the money in the Account, after deducting any applicable charges, must be credited to the Account. Any money remaining in the Account at the end of a 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. 5. The State Treasurer may apply for and accept any gift, donation, bequest, grant or other source of money for the purpose of administering the Program and repaying the student education loans year. 5. The State Treasurer may apply for and accept any gift, donation, bequest, grant or other source of money for the purpose of administering the Program and repaying the student education loans of providers of health care who have qualified for repayment of student education loans pursuant to NRS 226.460 and 226.462. The State Treasurer shall deposit any money so received into the Account. (Added to NRS by 2023, 1770)
Nevada Legal Code