1. All money received as payment for a loan made pursuant to NRS 397.064 must be accounted for in the Nevada Office of the Western Interstate Commission for Higher Education’s Loan and Stipend Fund which is hereby created as an enterprise fund.
2. The three Nevada State Commissioners, acting jointly, shall administer the Fund, and the money in the Fund must be used solely to provide stipends to participants.
(Added to NRS by 1977, 428; A 1983, 312; 1985, 849; 1997, 125; 2001, 2753; 2003, 940; 2015, 1508; 2021, 2613)
Structure Nevada Revised Statutes
Chapter 397 - Western Regional Education Compact
NRS 397.002 - "Compact" defined.
NRS 397.003 - "Nevada Office" defined.
NRS 397.004 - "Participant" defined.
NRS 397.005 - "State" defined.
NRS 397.010 - Execution of compact authorized; notice of intention to withdraw.
NRS 397.020 - Form and contents.
NRS 397.050 - Western Regional Higher Education Compact Account: Creation; uses of money in Account.
NRS 397.055 - Contract with institution or state outside region.
NRS 397.0615 - Stipend to be provided to participant.
NRS 397.062 - Nevada Office of the Western Interstate Commission for Higher Education’s Account.
NRS 397.064 - Required terms of stipends converted to loans; regulations.
NRS 397.0653 - Repayment of stipends received on or after July 1, 1995; exceptions.
NRS 397.0655 - Delegation of negotiation of terms of repayment.
NRS 397.066 - Insurance as security for stipend or loan; joint liability on stipend or loan.
NRS 397.067 - Conditions under which immediate repayment of loan may be required.
NRS 397.068 - Penalties for failure to comply with regulations.
NRS 397.0685 - Reduction of period of required practice; regulations.
NRS 397.0695 - Credit on loan for professional services provided without compensation.
NRS 397.070 - Accounts, biennial reports and recommendations.