Nevada § 393.020 - Insurance; use of proceeds
Full text of Nevada Nevada Revised Statutes § 393.020 — Insurance; use of proceeds, with citation guidance and answers to common questions.
§ 393.020. Insurance; use of proceeds
1. The board of trustees of a school district may insure for a reasonable amount the
schoolhouses, furniture and school apparatus with some company authorized by law to
transact business in the State of Nevada, and may comply with the conditions of the
insurance policies. 2. Except as provided in subsection 3, any money received by a school district from
insurance as payment for property loss shall be deposited with the county treasurer
in a special fund to the credit of the school district, and may be expended in the
manner provided by law for the repair, rebuilding or replacement of the property damaged
or destroyed, without special budget provisions for such expenditure. 3. If the repair, rebuilding or replacement of the property damaged or destroyed is
not in the best interest of the district, as determined by the board of trustees,
the insurance proceeds may be transferred from the special fund to the school district
buildings and sites fund. This subsection does not apply where, in order to obtain the maximum insurance proceeds,
the insurance contract requires that the school improvement be reconstructed on the
same site.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 393.020
What does Nevada Revised Statutes § 393.020 cover?
Section 393.020 ("Insurance; use of proceeds") 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 § 393.020?
A common citation format is "Nevada Revised Statutes § 393.020" (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 § 393.020 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.