Nevada § 235.150 - Nevada Gift and Endowment Fund
Full text of Nevada Nevada Revised Statutes § 235.150 — Nevada Gift and Endowment Fund, with citation guidance and answers to common questions.
§ 235.150. Nevada Gift and Endowment Fund
1. The Nevada Gift and Endowment Fund is hereby created as a trust fund in the State
Treasury. 2. The State Treasurer shall deposit in the Fund any money the State Treasurer receives
from any person who wishes to contribute to the Fund as a token of appreciation for
the benefits the person received as a resident of or visitor to this State or to further
the excellent quality of life which is unique to this State. 3. The Fund must be administered by a committee consisting of the Governor, the State
Treasurer and the Secretary of State. 4. The Fund must only be used for the greatest good and highest benefit of the majority
of the residents of this State. Any interest earned on money in the Fund must be credited to the Fund. The money which represents the principal of the Fund must not be spent, and only
the interest earned on the principal may be used to carry out the provisions of this
section. 5. During the last week of each October, in conjunction with the celebration of Nevada
Day, the Governor shall issue a proclamation declaring the existence of the Fund and
the uses and benefits thereof.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 235.150
What does Nevada Revised Statutes § 235.150 cover?
Section 235.150 ("Nevada Gift and Endowment 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 § 235.150?
A common citation format is "Nevada Revised Statutes § 235.150" (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 § 235.150 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.