Statute 397 062

1. There is hereby created an account in the State General Fund entitled the Nevada Office of the Western Interstate Commission for Higher Education’s Account. Any money received by the three Nevada State Commissioners as the proceeds of any penalty, appropriated or authorized from the State General Fund for the purposes of carrying out the provisions of this chapter or pursuant to NRS 397.0557 must be deposited in this Account. 2. The three Nevada State Commissioners, acting jointly, shall administer the Account and the money in the Account may be used to: (a) Pay miscellaneous expenses incurred in administering the Nevada Office of the Western Interstate Commission for Higher Education’s Loan and Stipend Fund; (b) Pay expenses incurred in collecting money due the State from a loan made pursuant to NRS 397.064; (c) Pay dues to the Western Interstate Commission for Higher Education; and (d) Pay administrative expenses of the Nevada Office. (Added to NRS by 1985, 848; A 2003, 940; 2015, 1508; 2021, 2612)