Nevada § 353B.140 - Creation; sources; nonreversion
Full text of Nevada Nevada Revised Statutes § 353B.140 — Creation; sources; nonreversion, with citation guidance and answers to common questions.
§ 353B.140. Creation; sources; nonreversion
1. The Nevada Higher Education Prepaid Tuition Trust Fund is hereby created within
the State Treasury to allow: (a) The cost of tuition to be paid in advance of enrollment at an institution of higher
education; and (b) The payment of qualified higher education expenses for qualified beneficiaries
in accordance with the policy adopted pursuant to NRS 353B.145 . 2. The Trust Fund consists of payments received pursuant to: (a) A prepaid tuition contract; (b) A bequest, endowment or grant from the Federal Government; (c) A matching contribution made as described in NRS 363A.137 or 363B.117 ; (d) A loan made to the Trust Fund for purposes of the fiscal stabilization of the
Nevada Higher Education Prepaid Tuition Program; or (e) Any other public or private source of money. 3. Money in the Trust Fund that is not expended during any biennium does not revert
to the State General Fund at any time. 4. As used in this section, “qualified higher education expenses” has the meaning
ascribed to it in 26 U.S.C. § 529 .
Frequently Asked Questions About Nevada § 353B.140
What does Nevada Revised Statutes § 353B.140 cover?
Section 353B.140 ("Creation; sources; nonreversion") is part of the Nevada Revised Statutes, the codified statutory law of Nevada. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nevada § 353B.140?
A common citation format is "Nevada Revised Statutes § 353B.140" (Nevada). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nevada law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nevada official source linked on this page or consult a licensed Nevada attorney.
How does Nevada § 353B.140 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nevada can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nevada.