Nevada § 427A.893 - Administration of Trust Fund and other certain accounts; certain administrative or investment agreements authorized; establishment and authorized uses of accounts
Full text of Nevada Nevada Revised Statutes § 427A.893 — Administration of Trust Fund and other certain accounts; certain administrative or investment agreements authorized; establishment and authorized uses of accounts, with citation guidance and answers to common questions.
§ 427A.893. Administration of Trust Fund and other certain accounts; certain administrative or investment agreements authorized; establishment and authorized uses of accounts
1. The Trust Fund and any account established by the State Treasurer pursuant to this
section must be administered by the State Treasurer. 2. In carrying out the provisions of NRS 427A.882 to 427A.896 , inclusive, the State Treasurer may use any administrative or investment agreements
or arrangements used for the Nevada College Savings Program created pursuant to NRS 353B.300 to 353B.370 , inclusive, without soliciting separate proposals for assistance with the management
of all or part of the Nevada ABLE Savings Program. 3. The State Treasurer shall establish such accounts as he or she determines necessary
to carry out his or her duties pursuant to NRS 427A.882 to 427A.896 , inclusive, including, without limitation: (a) A Program Account in the Trust Fund; and (b) An Administrative Account and an Endowment Account in the State General Fund. 4. The Program Account must be used for the receipt, investment and disbursement of
money pursuant to savings trust agreements. 5. The Administrative Account must be used for the deposit and disbursement of money
to administer and market the Nevada ABLE Savings Program. 6. The Endowment Account must be used for the deposit of any money received by the
Nevada ABLE Savings Program pursuant to subsection 6 of NRS 427A.889 or that is not received pursuant to a savings trust agreement and, in the determination
of the State Treasurer, is not necessary for the use of the Administrative Account. The money in the Endowment Account may be expended for any purpose related to the
Nevada ABLE Savings Program, including, without limitation, for contributions to savings
trust accounts, or in any other manner which assists residents of this State who are
eligible individuals as defined in 26 U.S.C. § 529A , as amended.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 427A.893
What does Nevada Revised Statutes § 427A.893 cover?
Section 427A.893 ("Administration of Trust Fund and other certain accounts; certain administrative or investment agreements authorized; establishment and authorized uses of accounts") 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 § 427A.893?
A common citation format is "Nevada Revised Statutes § 427A.893" (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 § 427A.893 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.