Nev. Rev. Stat. § 670B.610
Administration, accounting and use of money received by Commissioner; nonreversion; interest and income; claims
Nevada · Nevada Revised Statutes Chapter 670B — Student Loan Servicers; Private Education Lenders · Status: effective
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- Citation
- Nev. Rev. Stat. § 670B.610, Administration, accounting and use of money received by Commissioner; nonreversion; interest and income; claims, Nevada, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2144050
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Full text
1. The Commissioner shall:
(a) Administer and account for separately the money received pursuant to this chapter.
(b) Use the money received pursuant to this chapter for the purposes set forth in this chapter.
2. Any money that remains in the account created pursuant to subsection 1 at the end of the fiscal year does not revert to the State General Fund, and the balance of the account must be carried forward to the next fiscal year.
3. Any interest or income earned on the money in the account created pursuant to subsection 1 must be credited to the account, after deducting any applicable charges.
4. Any claims against the account must be paid as other claims against the State are paid.