NRS 285.035: Merit Award Account: Creation; administration; use; interest and income; reversion.

1. The Merit Award Account is hereby created in the State General Fund.

2. The Board shall administer the Merit Award Account.

3. The money in the Merit Award Account may be expended only for the purposes of the Merit Award Program established by NRS 285.020.

4. The interest and income earned on the money in the Merit Award Account must be credited to the Account.

5. The balance remaining in the Merit Award Account that has not been committed for expenditure on or before June 30 of an odd-numbered year reverts to the State General Fund.