1. There is hereby created as a special revenue fund, the Fund for School Improvement to be administered by the Superintendent of Public Instruction. The Superintendent may accept gifts and grants from any source for deposit in the Fund. All legislative appropriations, gifts and grants made to the Fund become a part of the principal of the Fund which may only be reduced pursuant to subsection 3 or by specific legislative action.
2. The interest and income earned from the money in the Fund must be used by the Superintendent to carry out programs of school improvement identified by the Legislature. No such expenditure may be made unless authorized by the Legislature or by the Interim Finance Committee if the Legislature is not in session.
3. The State Board of Examiners may, upon making a determination that any portion of the principal of the money in the Fund is necessary to meet existing or future obligations of the State, recommend to the Interim Finance Committee, or the Senate Committee on Finance and the Assembly Committee on Ways and Means when the Legislature is in session, that the amount so needed be transferred from the Fund to the State General Fund. Upon approval of the appropriate committee or committees, the money may be so transferred.
(Added to NRS by 1989, 2106; A 1997, 124; 1999, 2838)—(Substituted in revision for NRS 387.032)
Structure Nevada Revised Statutes
Chapter 387 - Financial Support of School System
NRS 387.013 - State Permanent School Fund: Quarterly financial reports by State Controller.
NRS 387.015 - State Treasurer custodian of securities; liability on bond.
NRS 387.030 - Sources and distribution of State Education Fund.
NRS 387.035 - State Controller to keep separate accounts of money for schools.
NRS 387.040 - Disbursement of money for public schools.
NRS 387.045 - Restrictions on use of money for public schools.
NRS 387.049 - Required manner of administration of money.
NRS 387.069 - "Director" defined.
NRS 387.0693 - "National School Lunch Act" defined.
NRS 387.0695 - "Program" defined.
NRS 387.070 - "Program of nutrition" defined.
NRS 387.073 - "School Breakfast Program" defined.
NRS 387.090 - Powers of trustees of school districts and governing bodies of charter schools.
NRS 387.100 - Studies and appraisals.
NRS 387.114 - Legislative declaration.
NRS 387.117 - Annual report to Governor and Director of Legislative Counsel Bureau.
NRS 387.1213 - Education Stabilization Account: Creation; transfer of money; limitation on balance.
NRS 387.1215 - Establishment of cost adjustment factor for certain public schools in each county.
NRS 387.1216 - Establishment of method to calculate adjustment for necessarily small schools.
NRS 387.1218 - Establishment of attendance area adjustment.
NRS 387.122 - Establishment of statewide multiplier for pupils with disabilities.
NRS 387.1238 - Verification of reports of enrollment and attendance.
NRS 387.1245 - Emergency financial assistance: Conditions; procedures.
NRS 387.12463 - Commission on School Funding: Duties.
NRS 387.1247 - Creation of Account; acceptance of gifts and grants; use of money in Account.
NRS 387.1251 - "Teacher" defined.
NRS 387.131 - Distribution of money in Account.
NRS 387.163 - Local funds available for public schools; reserve of net proceeds of minerals.
NRS 387.170 - County school district fund: Creation; transfers.
NRS 387.175 - County school district fund: Composition.
NRS 387.177 - County school district buildings and sites fund: Creation; composition; expenditures.
NRS 387.2062 - Report concerning failure to comply with recommended minimum expenditure.
NRS 387.210 - Duties of county treasurer.
NRS 387.220 - Penalties for failure of county treasurer or county auditor to perform certain duties.
NRS 387.300 - Budgets: Preparation.
NRS 387.3039 - Duties of Department: Inspections of record books and accounts.
NRS 387.3045 - Report of decline in ending balance of general fund of school district.
NRS 387.305 - Medium-term obligations.
NRS 387.315 - Statements of purpose and invoices to accompany orders; liability of trustees.
NRS 387.319 - Authorized travel by trustee: Payment of travel and subsistence; claims.
NRS 387.320 - Quarterly publication of expenditures of school district.
NRS 387.325 - Limitation of actions on bills incurred by trustees.
NRS 387.3286 - Tax for fund for capital projects: Forms for submission of ballot question; examples.
NRS 387.332 - Duty of Nevada Tax Commission to review need for tax.
NRS 387.3326 - Imposition of tax upon approval of voters.
NRS 387.3328 - Deposit and use of proceeds of tax.
NRS 387.333 - Creation; acceptance of gifts and grants; investment; payment of claims.
NRS 387.400 - Limitation on bonded indebtedness of county school district.
NRS 387.513 - "Executive Director" defined.
NRS 387.519 - Conditions under which State Treasurer may enter into guarantee agreement.
NRS 387.524 - Guarantee agreement: Required contents; approvals required.
NRS 387.531 - Joint acquisition authorized; issuance of negotiable general obligation bonds.
NRS 387.551 - Joint operation and maintenance: Powers of districts.
NRS 387.561 - Interdistrict agreements and contracts.
NRS 387.571 - Powers, rights and benefits of officers, agents and employees of districts preserved.
NRS 387.591 - Liberal construction; other powers preserved.
NRS 387.602 - "Management principles" defined.
NRS 387.607 - Applicability to extent money is available.
NRS 387.618 - Establishment and duties of oversight committee to assist in process of review.
NRS 387.644 - Annual reporting by school districts exempt from review.
NRS 387.652 - Requirements to receive grant; application.