1. The Catalyst Account is hereby created in the State General Fund.
2. The interest and income earned on:
(a) Money in the Catalyst Account, after deducting any applicable charges; and
(b) Unexpended appropriations made to the Account from the State General Fund,
must be credited to the Catalyst Account.
3. All payments of principal and interest on any loan made with money from the Catalyst Account must be deposited in the Account.
4. Any money in the Catalyst Account and any unexpended appropriations made to the Account from the State General Fund remaining at the end of a fiscal year do not revert to the State General Fund, and the balance in the Catalyst Account must be carried forward to the next fiscal year.
5. The Executive Director shall administer the Catalyst Account and may apply for and accept any gift, grant, donation, bequest or other source of money for deposit in the Catalyst Account.
(Added to NRS by 2011, 3434; A 2011, 3486; 2013, 2748)