Nevada § 422A.496 - Selection of one or more fiduciary organizations to administer money in Program
Full text of Nevada Nevada Revised Statutes § 422A.496 — Selection of one or more fiduciary organizations to administer money in Program, with citation guidance and answers to common questions.
§ 422A.496. Selection of one or more fiduciary organizations to administer money in Program
The State Treasurer may select one or more fiduciary organizations to administer any
money received from the State Treasurer pursuant to NRS 422A.495 . In making the selections, the State Treasurer shall consider, without limitation,
the following factors: 1. The ability of the fiduciary organization to implement and administer the Program,
including, without limitation, the ability to: (a) Verify that a person qualifies to become an account holder; (b) Certify that the money in an individual development account is used only for authorized
purposes; and (c) Exercise general fiscal accountability; 2. The capacity of the fiduciary organization to provide or raise matching funds for
the deposits of account holders; 3. The capacity of the fiduciary organization to provide support and general assistance
to an account holder to increase the financial independence of the account holder
and the household of the account holder; and 4. The connections that the fiduciary organization has to other activities and programs
that are designed to increase the financial independence of persons who qualify to
become account holders pursuant to NRS 422A.493 through: (a) Education and training; (b) Home ownership; and (c) Small business development.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 422A.496
What does Nevada Revised Statutes § 422A.496 cover?
Section 422A.496 ("Selection of one or more fiduciary organizations to administer money in Program") 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 § 422A.496?
A common citation format is "Nevada Revised Statutes § 422A.496" (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 § 422A.496 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.