Nevada · Through 2025 session (NRS as revised 2026-08-25) · Newer source version available

NRS 353B.155: Duty of Board to promote and market use of Trust Fund and solicit certain opinions; authority to limit qualified beneficiaries.

Where this section sits in the code

TITLE 31 — PUBLIC FINANCIAL ADMINISTRATION
CHAPTER 353B - COLLEGE SAVINGS PROGRAMS
NEVADA HIGHER EDUCATION PREPAID TUITION PROGRAM
Nevada Higher Education Prepaid Tuition Trust Fund

1. The Board shall actively promote and market use of the Trust Fund.

2. The Board shall, before it enters into a prepaid tuition contract with a purchaser, solicit the opinion of:

(a) The Securities and Exchange Commission regarding the application of federal law regarding securities to the Trust Fund; or

(b) An independent legal counsel to ensure that the method of structuring and offering the Trust Fund is in compliance with federal law regarding securities.

3. The Board may:

(a) Require a reasonable length of residence in the State to become a qualified beneficiary.

(b) Restrict the number of qualified beneficiaries.

Collected 2026-09-03T05:51:37Z. Source file · JSON

Browse this collection