Nevada Youth Legislature Account: Creation in Legislative Fund; use of money in Account; interest and income; submission of annual itemized statement

1. There is hereby created the Nevada Youth Legislature Account in the Legislative Fund. 2. Money for the Account may be provided: (a) By appropriation; or (b) Through the acceptance of gifts, grants and donations as authorized pursuant to NRS 219A.200 and 219A.300. 3. The money in the Account must be held in trust for the Youth Legislature and may be used only: (a) For the educational programs and operations of the Youth Legislature; (b) To provide administrative support for the Youth Legislature; (c) To pay for expenses directly related to the Youth Legislature; and (d) For such other purposes directly related to the Youth Legislature as the Board may approve. 4. The interest and income earned on the money in the Account, after deducting any applicable charges, must be credited to the Account. All claims against the Account must be paid as other claims against the State are paid. 5. Any money remaining in the Account at the end of a fiscal year does not revert to the State General Fund, and the balance in the Account must be carried forward to the next fiscal year. 6. Each year, the Board shall submit an itemized statement of the income and expenditures for the Account to the Legislative Commission.