Nevada § 388.365 - Designation of Fund; use of money
Full text of Nevada Nevada Revised Statutes § 388.365 — Designation of Fund; use of money, with citation guidance and answers to common questions.
§ 388.365. Designation of Fund; use of money
1. All gifts of money which the State Board is authorized to accept for career and
technical education must be deposited in a permanent trust fund in the State Treasury
designated as the Gift Fund for Career and Technical Education. 2. The money available in the Fund must be used only for the purpose specified by
the donor, within the scope of the State Board's powers and duties. The State Board may adopt regulations or establish policies for the disbursement
of money from the Fund in accordance with the terms of the gift or bequest on warrants
of the State Controller issued upon the orders of the Superintendent of Public Instruction. Any expenditures pursuant to this section may include matching state and federal
money available for career and technical education. 3. If all or part of the money accepted by the State Board from a donor is not expended
before the end of the fiscal year in which the gift was accepted, the remaining balance
of the amount donated must remain in the Fund until needed for the purpose specified
by the donor.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 388.365
What does Nevada Revised Statutes § 388.365 cover?
Section 388.365 ("Designation of Fund; use of money") 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 § 388.365?
A common citation format is "Nevada Revised Statutes § 388.365" (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 § 388.365 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.