{"data":{"id":"us-nv/nrs-353b.155","jurisdiction":"us-nv","citation":"NRS 353B.155","heading":"Duty of Board to promote and market use of Trust Fund and solicit certain opinions; authority to limit qualified beneficiaries.","body":"1. The Board shall actively promote and market use of the Trust Fund.\n2. The Board shall, before it enters into a prepaid tuition contract with a purchaser, solicit the opinion of:\n(a) The Securities and Exchange Commission regarding the application of federal law regarding securities to the Trust Fund; or\n(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.\n3. The Board may:\n(a) Require a reasonable length of residence in the State to become a qualified beneficiary.\n(b) Restrict the number of qualified beneficiaries.","path":["TITLE 31 — PUBLIC FINANCIAL ADMINISTRATION","CHAPTER 353B - COLLEGE SAVINGS PROGRAMS","NEVADA HIGHER EDUCATION PREPAID TUITION PROGRAM","Nevada Higher Education Prepaid Tuition Trust Fund"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-353B.html#NRS353BSec155","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:37Z","sha256":"57e2c6531589e9f4e5ef0712ff726ea7b16603cbce0f92cec727e3b0ec99b5c4","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-353b.150","next":"us-nv/nrs-353b.160"},"notice":"GroundRules: Original legal text. Not legal advice."}