1. There is hereby created as a special revenue fund in the State Treasury the Nevada Air Service Development Fund.
2. The Commission may accept gifts, bequests, grants, appropriations and donations from any source for deposit in the Fund.
3. The money in the Fund must be invested as other state funds are invested. All interest earned on the deposit or investment of the money in the Fund, after deducting any applicable charges, must be credited to the Fund. Claims against the Fund must be paid as other claims against the State are paid.
4. The Commission may make grants of money from the Fund to air carriers that satisfy the criteria set forth in NRS 231.710.
(Added to NRS by 2019, 2144)
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