432.131 - Creation; uses; interest and income to remain in Account; no reversion to State General Fund.
432.131 Creation; uses; interest and income to remain in Account; no reversion to State General Fund.
1. The Children’s Trust Account is hereby created in the State General Fund. Except as otherwise provided in subsection 2, the money in the Account must be used to prevent the abuse or neglect of children.
2. No more than 5 percent of the money credited to the Account each year may be used for the expenses:
(a) Of administering the Account; and
(b) For travel of members of the Grants Management Advisory Committee created by NRS 232.383 or members of a working group of the Grants Management Advisory Committee that is appointed pursuant to NRS 232.387.
3. The interest and income earned on the money in this Account, after deducting any applicable charges, must be credited to the Account.
4. Any money remaining in the Account at the end of each fiscal year does not revert to the State General Fund but must be carried over into the next fiscal year.
(Added to NRS by 1985, 615; A 2005, 470)