Nev. Rev. Stat. ch. 353B – College Savings Programs | Midpage

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Nevada Revised Statutes

Chapter 353B

Nev. Rev. Stat. ch. 353B

College Savings Programs

353B.001Definitions 353B.002“Board” defined 353B.003“Marketing” defined 353B.004“System” defined 353B.005Board of Trustees of the College Savings Plans of Nevada: Creation; membership; terms; Chair; allowances and expenses 353B.007Insurance coverage to protect prepaid tuition contracts and savings trust accounts 353B.008Prepaid tuition program or college savings program must not prohibit participation based solely on immigration or citizenship status 353B.009Money on deposit in prepaid tuition contract or savings trust account not considered asset of parent, guardian or student for purposes of determining certain eligibility 353B.010Definitions 353B.030“Prepaid tuition contract” defined 353B.040“Purchaser” defined 353B.050“Qualified beneficiary” defined 353B.070“Trust Fund” defined 353B.075Limitations on construction of provisions 353B.090Development of Program by Board; amount of tuition under prepaid tuition contract; regulations 353B.095Delegation by Board of administrative powers and duties to State Treasurer 353B.100Prepaid tuition contracts: Authority of Board to enter; required provisions 353B.105Agreement to payroll deductions for prepaid tuition contract authorized 353B.110General duties and powers of Board 353B.130Limitation on effect of action by Board 353B.140Creation; sources; nonreversion 353B.145Policy for use of certain excess money 353B.150Administration by State Treasurer; duties and powers of State Treasurer 353B.155Duty of Board to promote and market use of Trust Fund and solicit certain opinions; authority to limit qualified beneficiaries 353B.160Investment; prohibited interests, payments and actions; modification of terms of subsequent prepaid tuition contracts to ensure actuarial soundness 353B.170Annual report 353B.180Annual audit 353B.190Annual actuarial study 353B.300“Trust Fund” defined 353B.310Regulations 353B.320Delegation by Board of administrative powers and duties to State Treasurer 353B.330Savings trust accounts and agreements not guaranteed by full faith and credit 353B.335Establishment; availability of and accounting method for money in accounts; regulations; gifts, grants and donations; authority to transfer unaccessed or expired balances to Endowment Account 353B.340Creation; sources; limitations on use of money 353B.350Administration by State Treasurer; establishment and use of Program, Administrative and Endowment Accounts 353B.360Gifts, grants and other donations: Authority to apply for and accept; use; deposit 353B.370Duties and powers of Board; contracts for services