Section 353B.Sec. 9 - NEW1. The Board will: (a) Create an account for each pupil enrolled in the Program pursuant to section 8.(b) To the extent that money is available, credit at least $50 to each college savings account created pursuant to paragraph (a).(c) Review the adequacy of the amount credited pursuant to paragraph (a) in each even-numbered year. In conducting such a review, the Board will consider, without limitation, the cost of attending an eligible educational institution, changes in the cost of living, inflation and the amount of money in the Endowment Account established pursuant to NRS 353B.350.(d) Direct the investment of money in each account created pursuant to paragraph (a). In making decisions regarding the investment of money in each account, the Board will assume that money in the account must be available for distribution upon the receipt of a high school diploma, or its equivalent, by a designated beneficiary.(e) Review and recommend incentives for additional credits to accounts created pursuant to this section.2. An account created pursuant to this section may not be transferred or sold.Nev. Admin. Code § 353B.Sec. 9
Added to NAC by Bd. of Trustees for Higher Educ. Tuition Trust Fund by R032-22A, eff. 9/8/2022