1. The Board of Regents shall devise and establish fiscal policies and procedures in connection with the operation of contractual or sponsored research activities of the institute, apart from those fiscal policies and procedures which are applicable to other branches or facilities of the System.
2. None of the other provisions of this chapter or the provisions of titles 23 or 31 of NRS or any other statute relating to public officers and employees or public financial administration applies to the receipt, investment, management, disbursement, use, expenditure or accounting for any money or property received by the Board of Regents pursuant to NRS 396.7952, except as otherwise provided in subsection 4 of NRS 396.7952.
3. Any funds received by or made available to the Board of Regents for the Desert Research Institute by the State of Nevada, whether pursuant to direct legislative appropriation or otherwise, are subject to all laws relating to public funds and expenditures.
(Added to NRS by 1959, 287; A 1981, 900; 1993, 355)