1. The Nevada Registered Teacher Apprenticeship Support Account is hereby created in the State General Fund. The Account must be administered by the State Apprenticeship Director.
2. The interest and income earned on:
(a) The money in the Account, after deducting any applicable charges; and
(b) Unexpended appropriations made to the Account from the State General Fund,
Ê must be credited to the Account.
3. Any money remaining in the Account at the end of a fiscal year, including, without limitation, any unexpended appropriations made to the Account from the State General Fund, reverts to the State General Fund.
4. The State Apprenticeship Director may accept gifts and grants of money from any source for deposit in the Account.
5. The money in the Account may only be used to provide grants of money pursuant to NRS 610.187.