Nev. Rev. Stat. § 90.705
Creation of Fund; disbursement; preparation of quarterly estimates; interest and income; deposits; nonreversion
Nevada · Nevada Revised Statutes Chapter 90 — Securities (Uniform Act) · Status: effective
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- Nev. Rev. Stat. § 90.705, Creation of Fund; disbursement; preparation of quarterly estimates; interest and income; deposits; nonreversion, Nevada, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2078638
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Full text
1. Money for payment of compensation as awarded by the Administrator pursuant to NRS 90.703 must be paid from the Fund for the Compensation of Victims of Securities Fraud, which is hereby created. Money in the Fund must be disbursed by the Division in the same manner as other claims against the State are paid, in accordance with the regulations adopted pursuant to NRS 90.708.
2. The Division shall prepare quarterly estimates of:
(a) The money in the Fund which is available for the payment of compensation; and
(b) The anticipated expenses of the Fund for the next fiscal quarter.
3. The interest and income earned on the money in the Fund, after deducting any applicable charges, must be credited to the Fund.
4. The Division may apply for and accept gifts, grants and donations from any source for deposit in the Fund.
5. Any money remaining in the Fund at the end of each fiscal year does not revert to the State General Fund and must be carried forward to the next fiscal year.