The Board of Regents may:
1. Receive, invest, disburse and account for all money received for the program.
2. Report to the Governor and the Legislature before September 1 of any year preceding a regular session of the Legislature, setting forth in detail the transactions conducted by it during the biennium ending June 30 of such year.
3. Make recommendations for any legislative action deemed by it advisable.
(Added to NRS by 1989, 2136)