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NRS 231.14095 - Small Business Enterprise Loan Account: Creation; administration; interest and income; nonreversion; use; claims; deposit of gifts, grants, bequests and donations.

NV Rev Stat § 231.14095 (2019) (N/A)
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1. The Small Business Enterprise Loan Account is hereby created in the State General Fund as a revolving loan account. The Account must be administered by the Office.

2. All interest and income earned on the money in the Account must be credited to the Account.

3. The money in the Account does not revert to the State General Fund at the end of any fiscal year and must be carried forward to the next fiscal year.

4. Money in the Account must be used by the Office to develop and carry into effect the program developed by the Office pursuant to NRS 231.1409.

5. Claims against the Account must be paid as other claims against the agency are paid.

6. The Office may apply for and accept gifts, grants, bequests and donations from any source for deposit in the Account.

(Added to NRS by 2017, 2911)

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NRS 231.1409 - Development and implementation; criteria for making loan; procedures for applying for loan; approval of applications for loans; rate of interest; deposits of principal and interest payments.
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NRS 231.141 - Definitions.