Nevada § 396.350 - Irreducible University Fund
Full text of Nevada Nevada Revised Statutes § 396.350 — Irreducible University Fund, with citation guidance and answers to common questions.
§ 396.350. Irreducible University Fund
1. The moneys arising from the sale of the 72 sections of land granted this state
by the Act of Congress entitled “An act concerning Lands granted to the State of Nevada,”
approved July 4, 1866 (c. 166, 14 Stat. 86), for the establishment and maintenance
of a university, which sale was directed by the provisions of section 4 of chapter
85, Statutes of Nevada 1873, constitute a fund to be known as the Irreducible University
Fund. The money in the Fund must be invested by the Board of Regents in United States bonds,
bonds of this state, bonds of other states of the Union or bonds of any county in
the State of Nevada. The investments are subject to such further restrictions and regulations as may be
provided by law. 2. The interest only of the proceeds resulting from the investments described in subsection
1 must be used for the maintenance of the System, and any surplus interest must be
added to the principal sum.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 396.350
What does Nevada Revised Statutes § 396.350 cover?
Section 396.350 ("Irreducible University 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 § 396.350?
A common citation format is "Nevada Revised Statutes § 396.350" (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 § 396.350 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.