NRS 353B.090
Development of Program by Board
- amount of tuition under prepaid tuition contract
- regulations.
(a)
Undergraduate studies at:(1)
A university, state college or community college that is a member of the System;(2)
An accredited college or university in this State that is not a member of the System; or(3)
An accredited community college, college or university in another state.(b)
If any money paid into the Trust Fund under a prepaid tuition contract is remaining after a qualified beneficiary has graduated with an undergraduate degree, for graduate-level studies at:(1)
A university, state college or community college that is a member of the System;(2)
An accredited college or university in this State that is not a member of the System; or(3)
An accredited community college, college or university in another state.2.
The amount of the tuition under a prepaid tuition contract must be at a guaranteed rate which is established based on the annual actuarial study required pursuant to NRS 353B.190 for undergraduate studies at a university, state college or community college that is a member of the System.3.
The Board shall adopt regulations for the implementation of the Program, including, without limitation, regulations setting forth requirements for:(a)
Residency;(b)
A limit on the number of qualified beneficiaries;(c)
The termination, withdrawal and transfer of money paid into the Trust Fund;(d)
A payment received by the Trust Fund as a matching contribution made as described in NRS 363A.137 or 363B.117 to be credited to the qualified beneficiary on whose behalf the matching contribution was made;(e)
The time within which the money paid into the Trust Fund must be used;(f)
Payment schedules; and(g)
A master agreement for the Program.(a)
A university, state college or community college that is a member of the Nevada System of Higher Education;(b)
An accredited college or university in this State that is not a member of the System; or(c)
An accredited community college, college or university in another state.2.
As used in this section:(a)
“Prepaid tuition contract” has the meaning ascribed to it in NRS 353B.030.
Source:
Section 353B.090 — Development of Program by Board; amount of tuition under prepaid tuition contract; regulations., https://www.leg.state.nv.us/NRS/NRS-353B.html#NRS353BSec090
.