433A.100 - Gift accounts in Department of Health and Human Services’ Gift Fund; sale or exchange of gifts of property.
433A.100 Gift accounts in Department of Health and Human Services’ Gift Fund; sale or exchange of gifts of property.
1. A gift account in the Department of Health and Human Services’ Gift Fund is hereby created for each division facility, and all gifts of money which the Division is authorized to accept for the respective facilities must be deposited in the State Treasury to the credit of the appropriate account. Amounts in the accounts must be used for division mental health facility purposes only and expended in accordance with the terms of the gift. All claims must be approved by the administrative officer before they are paid.
2. Gifts of property, other than money, may be sold or exchanged when it is deemed by the administrative officer and the Administrator to be in the best interest of the division mental health facility. The sale price must be not less than 90 percent of the value determined by a qualified appraiser appointed by the administrative officer. All money realized from the sale must be deposited in the State Treasury to the credit of the appropriate account and must be spent for division mental health facility purposes only.
(Added to NRS by 1975, 1613; A 1979, 622; 1981, 78)