1. The Teachers’ School Supplies Assistance Account is hereby created in the State General Fund. The Department shall administer the Account.
2. The money in the Account must be invested as other money of the State is invested. All interest and income earned on the money in the Account must be credited to the Account.
3. The money in the Account must be used only for the purposes specified in NRS 387.1255 or for any other purpose authorized by the Legislature.
4. 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.
5. The Department may accept gifts, grants, bequests and donations from any source for deposit in the Account.
(Added to NRS by 2015, 2874; A 2019, 3224; R 2019, 4253, effective July 1, 2021; A 2020, 31st Special Session, 90)