NRS 397.062 - Western Interstate Commission for Higher Education’s Account for Administrative Expenses.

NV Rev Stat § 397.062 (2019) (N/A)

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1. There is hereby created an account in the State General Fund entitled the Western Interstate Commission for Higher Education’s Account for Administrative Expenses. Any money received by the three Nevada State Commissioners as the proceeds of any penalty or appropriated or authorized from the State General Fund for the purposes of carrying out the provisions of this chapter must be deposited in this Account.

2. The three Nevada State Commissioners, acting jointly, shall administer the Account and the money in the Account must be used to:

(a) Pay miscellaneous expenses incurred in administering the Western Interstate Commission for Higher Education’s Loan and Stipend Fund; and

(b) Pay expenses incurred in collecting money due the State from a loan or a stipend granted from the Western Interstate Commission for Higher Education’s Loan and Stipend Fund.

3. The money in the Account may be used by the three Nevada State Commissioners, acting jointly, to:

(a) Pay dues to the Western Interstate Commission for Higher Education; and

(b) Pay administrative expenses of the Nevada Office of the Western Interstate Commission for Higher Education.

(Added to NRS by 1985, 848; A 2003, 940; 2015, 1508)

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NRS 397.0617 - Condition to receipt of support fee: Requirement that certain participants practice profession in health professional shortage area, medically underserved area or to benefit medically underserved population; waiver of stipend for compliance with condition; assessment of default charge or conversion of stipend to loan for noncompliance.

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NRS 397.063 - Western Interstate Commission for Higher Education’s Loan and Stipend Fund; use of money in Fund; required terms of student loans made before July 1, 1985.