Nevada § 381.0031 - Private money; Dedicated Trust Fund
Full text of Nevada Nevada Revised Statutes § 381.0031 — Private money; Dedicated Trust Fund, with citation guidance and answers to common questions.
§ 381.0031. Private money; Dedicated Trust Fund
1. Except as otherwise provided in subsection 5, all money and the proceeds from property
received by the Division or any institution of the Division through any grant other
than a grant of federal money, bequest or devise, and the proceeds from memberships,
sales, interest and dividends from any sources other than appropriation by the Legislature,
admission charges and sales of tickets for train rides, are private money and not
state money. The Board shall establish a Division of Museums and History Dedicated Trust Fund. All private money must be accounted for in that Fund. No other money may be accounted for in that Fund. 2. Except as otherwise provided in this chapter, all of the money in the Dedicated
Trust Fund must be deposited in a financial institution to draw interest or be expended,
invested and reinvested pursuant to the specific instructions of the donor, or, where
no such specific instructions exist, in the sound discretion of the Board. The provisions of subsections 3 and 4 of NRS 356.011 apply to any accounts in financial institutions maintained pursuant to this section. 3. The Board shall account separately for the portions of the private money received
by each institution of the Division but may combine all or any portion of the private
money for the purposes of investment and reinvestment. 4. The Board shall adopt an investment policy for the private money. 5. The provisions of this section do not apply to any money received for deposit in
the Account for Improving Access to State Museums for Persons with Disabilities created
by NRS 381.0085 .
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 381.0031
What does Nevada Revised Statutes § 381.0031 cover?
Section 381.0031 ("Private money; Dedicated Trust Fund") 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 § 381.0031?
A common citation format is "Nevada Revised Statutes § 381.0031" (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 § 381.0031 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.