1. The Office may coordinate and collaborate with state grant-making entities to identify:
(a) Existing policies and procedures utilized by state grant-making entities to administer advanced payments of grants;
(b) Best practices for monitoring and assessing the risks associated with administration of advanced payments of grants; and
(c) Methods for state grant-making entities to comply with 2 C.F.R. Part 200 and any other federal regulations governing the administration of grants.
2. The Director may adopt regulations to carry out the provisions of this section.
3. As used in this section, “state grant-making entity” has the meaning ascribed to it in NRS 353.750.