Nevada § 379.026 - Gift funds of libraries: Establishment; sources; use; investment of money; transfer of money to library foundation
Full text of Nevada Nevada Revised Statutes § 379.026 — Gift funds of libraries: Establishment; sources; use; investment of money; transfer of money to library foundation, with citation guidance and answers to common questions.
§ 379.026. Gift funds of libraries: Establishment; sources; use; investment of money; transfer of money to library foundation
1. The trustees of any consolidated, county, district or town library may establish
with any financial institution or the county treasurer, as custodian, a special fund,
to be known as the gift fund of the __________ consolidated library, the gift fund of the county library, the gift fund of the __________ district library or the gift fund of the __________ town library, as the case may be. The money in such a fund must be derived from all or any part of any gift, bequest
or devise, including the interest thereon, and any additional money of the library
that is needed to supplement or match any gift, bequest or devise in the gift fund. The fund must be a separate and continuing fund and no money in the fund reverts
to the general fund of the county at any time. 2. The money in a gift fund of a library may be used for construction of new library
buildings, capital improvements to library buildings, special library services or
other library purposes. No expenditure from a gift fund of a library may be made until authorized by the
trustees. 3. The trustees may invest or reinvest all or part of the money in the gift fund of
a library in any investment authorized for city and county money under chapter 355 of NRS . 4. The trustees may transfer all or part of the money in any gift fund of a library
to a library foundation to be used solely for the support of the library.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 379.026
What does Nevada Revised Statutes § 379.026 cover?
Section 379.026 ("Gift funds of libraries: Establishment; sources; use; investment of money; transfer of money to library foundation") 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 § 379.026?
A common citation format is "Nevada Revised Statutes § 379.026" (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 § 379.026 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.