The Board:
- 1. May modify the regulations for the implementation of the Program adopted pursuant to subsection 3 of NRS 353B.090.
- 2. May establish agreements to fulfill its obligations under the prepaid tuition contracts.
- 3. May contract for any necessary good or service, including, without limitation, the power to engage financial consultants, actuaries or legal counsel.
- 4. May procure insurance against any loss in connection with the property, assets or activities of the Trust Fund, the State Treasurer or the Board.
- 5. May solicit and accept a gift, including, without limitation, a bequeathment or other testamentary gift, grant, loan or aid from any source.
- 6. Shall solicit answers to requests for rulings from the Internal Revenue Service regarding the tax status of fees paid to or on behalf of a purchaser or a qualified beneficiary pursuant to a prepaid tuition contract.
(Added to NRS by 1997, 3486; A 2001, 2166; 2003, 155; 2017, 4147)