Receipt and disbursement of money by Board of Regents; control of expenditures
Known as the University Securities Law
The act spans §§ 396–396 (367 sections).
Applied in 3 court decisions — leading case University & Community College System of Nevada v. DR Partners (2001)
Most recently applied in Simonian v. Univ. & Cmty. Coll. Sys. (February 2006)
[Part 3:37:1887; A 1917, 52; 1945, 448; 1943 NCL § 7728] + [Part 2:259:1913; 1919 RL p. 3208; NCL § 7741]—(NRS A 1993, 346)
1. The members of the Board of Regents are the sole trustees to receive and disburse all money of the System for the purposes provided in NRS 396.370.
2. The Board of Regents shall control the expenditures of all money appropriated for the support and maintenance of the System and all money received from any other source.
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.