Nevada § 379.106 - Gift fund: Establishment; sources; use; investment of money; transfer of money to library foundation
Full text of Nevada Nevada Revised Statutes § 379.106 — Gift fund: Establishment; sources; use; investment of money; transfer of money to library foundation, with citation guidance and answers to common questions.
§ 379.106. Gift fund: Establishment; sources; use; investment of money; transfer of money to library foundation
1. The governing authority of any city library is authorized to establish with any
financial institution or the city treasurer, as custodian, a special fund, known as
the “__________ city library gift fund.” The moneys in such 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 city library
that is needed to supplement or match any gift, bequest or devise in the gift fund. The gift fund is a separate and continuing fund and no moneys in it revert to the
general fund of the city at any time. 2. The moneys in a city library gift fund 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 city library gift fund may be made until authorized by the
governing authority. 3. The governing authority of a city library may invest or reinvest all or part of
the moneys in the city library gift fund in any investment authorized for city and
county moneys under chapter 355 of NRS . 4. The governing authority of a city library may transfer all or part of the moneys
in a city library gift fund to a library foundation to be used solely for the support
of the city library.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 379.106
What does Nevada Revised Statutes § 379.106 cover?
Section 379.106 ("Gift fund: 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 § 379.106?
A common citation format is "Nevada Revised Statutes § 379.106" (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 § 379.106 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.