NRS 427A.892
Nevada ABLE Savings Program Trust Fund: Creation

  • property and income of Trust Fund
  • sources of money in Trust Fund
  • ownership and use of money in Trust Fund.

1.

The Nevada ABLE Savings Program Trust Fund is hereby created.

2.

The Trust Fund is an instrumentality of this State, and its property and income are exempt from all taxation by this State and any political subdivision thereof.

3.

The Trust Fund consists of:

(a)

All money deposited in accordance with savings trust agreements;

(b)

All earnings on the money in the Trust Fund;

(c)

Any fees or charges charged to an account owner to cover expenses incurred in administering the Nevada ABLE Savings Program; and

(d)

Any other money from any public or private source appropriated or made available to this State for the benefit of the Nevada ABLE Savings Program.

4.

Money in the Trust Fund:

(a)

Is not the property of this State, and this State has no claim to or interest in such money; and

(b)

Must not be commingled with money of this State.

5.

A savings trust agreement or any other contract entered into by or on behalf of the Trust Fund does not constitute a debt or obligation of this State, and no account owner is entitled to any money in the Trust Fund except for that money on deposit in or accrued to his or her account.

6.

The money in the Trust Fund must be preserved, invested and expended solely pursuant to and for the purposes authorized by NRS 427A.882 to 427A.896, inclusive, and must not be loaned or otherwise transferred or used by this State for any other purpose.

Source: Section 427A.892 — Nevada ABLE Savings Program Trust Fund: Creation; property and income of Trust Fund; sources of money in Trust Fund; ownership and use of money in Trust Fund., https://www.­leg.­state.­nv.­us/NRS/NRS-427A.­html#NRS427ASec892.

427A.010
Declaration of legislative purpose. 427A.020
Definitions. 427A.021
“Administrator” defined. 427A.022
“Advocate” defined. 427A.023
“Commission” defined. 427A.024
“Day care center” defined. 427A.025
“Department” defined. 427A.026
“Director” defined. 427A.027
“Division” defined. 427A.028
“Facility for long-term care” defined. 427A.029
“Frail elderly person” defined. 427A.030
Liberal construction. 427A.032
Creation 427A.034
Meetings 427A.036
Compensation of members and former members 427A.038
Powers and duties. 427A.040
Powers and duties. 427A.050
Department designated agency to administer federal grants. 427A.060
Administrator: Appointment 427A.070
Administrator: Powers and duties. 427A.080
Agreements and arrangements with Federal Government. 427A.085
Contracts for cooperation with governmental entities and others 427A.086
Program to provide lunches for elderly persons 427A.087
Agreement to prepare lunches for elderly persons 427A.090
Compliance with federal requirements 427A.100
Custody and disbursement of money by State Treasurer. 427A.110
Aging and Disability Services Division’s Gift Account. 427A.120
Political activities prohibited 427A.121
“Commission” defined. 427A.122
“Older person” defined. 427A.123
Office created. 427A.125
Creation of Office 427A.127
Appointment of advocates to assist Ombudsman 427A.135
Investigation 427A.136
Investigation of complaint involving person who is less than 60 years of age. 427A.137
Investigation of complaint involving recipient. 427A.138
Retaliation prohibited 427A.145
Conduct of investigation. 427A.155
Referral of results of investigation to appropriate agency 427A.165
Regulations. 427A.175
Complaint for damage to property of older patient: Filing 427A.250
Aging and Disability Services Division to establish and administer program 427A.255
Establishment and administration of program of all-inclusive care for the elderly. 427A.260
Provision of services 427A.270
Division authorized to apply for, accept and expend grants of money or other assistance 427A.280
Tests and demonstrations. 427A.0283
“Facility for long-term rehabilitation” defined. 427A.0292
“Living arrangement services” defined. 427A.0293
“Ombudsman” defined. 427A.0294
“Recipient” defined. 427A.0295
“Resident” defined. 427A.300
Creation of Office 427A.310
Duties. 427A.313
Definitions. 427A.315
“Forum” defined. 427A.317
“President” defined. 427A.320
Creation. 427A.330
Nomination, appointment and terms of members. 427A.340
Qualifications of members. 427A.350
Ex officio membership in Forum of member of National Silver Haired Congress. 427A.360
Vacancies in membership. 427A.370
Election, terms and duties of officers 427A.375
Appointment of advisory members of Forum 427A.380
Public hearings 427A.390
Powers. 427A.395
Duties concerning money received and expenses incurred. 427A.400
Compensation of members. 427A.601
Criteria for developing individualized family service plan for child who is deaf, hard of hearing, blind or visually impaired. 427A.605
Program to negotiate discounts and rebates for certain costs for children who are deaf or hard of hearing. 427A.610
Program to obtain hearing aid at no charge 427A.740
“Commission” defined. 427A.750
Creation 427A.752
Director of Commission. 427A.755
Circumstances under which signature stamp may be used 427A.791
“Person with a physical disability” defined. 427A.793
Establishment 427A.795
Required elements of essential personal care. 427A.797
Development and administration of program to provide devices for telecommunication and other assistive technology to persons with impaired speech or hearing 427A.800
“Traumatic brain injury” defined. 427A.850
Program for Persons With Traumatic Brain Injuries: Establishment 427A.860
Regulations. 427A.862
Definitions. 427A.863
“Department” defined. 427A.864
“Media outlet” defined. 427A.865
“Missing endangered older person” defined. 427A.866
“System” defined. 427A.867
Creation 427A.868
Duties of Department 427A.869
Activation of System by law enforcement agency to disseminate notice on behalf of missing endangered older person 427A.870
Immunity of media outlet or any other public or private organization from civil liability for disseminating information about older person 427A.871
Definitions. 427A.872
Division to adopt regulations prescribing statewide standard for measuring outcomes and assessing and evaluating certain young persons with autism spectrum disorders 427A.875
Autism Treatment Assistance Program: Creation 427A.878
Division required to ensure that personnel who provide early intervention services possess necessary knowledge and skills 427A.880
Referral to Autism Treatment Assistance Program. 427A.882
Definitions. 427A.884
“Nevada ABLE Savings Program” defined. 427A.885
“Qualified ABLE program” defined. 427A.886
“Trust Fund” defined. 427A.889
Establishment 427A.890
State Treasurer authorized to delegate powers and duties 427A.891
No full faith and credit for savings trust accounts and savings trust agreements. 427A.892
Nevada ABLE Savings Program Trust Fund: Creation 427A.893
Administration of Trust Fund and other certain accounts 427A.894
Money provided for direct expenses or marketing not part of Trust Fund. 427A.895
Endorsement of insurance coverage to protect Trust Fund 427A.896
Investment plan for and investment of money in Trust Fund 427A.1211
Creation 427A.1213
Election of Chair 427A.1215
Salary of members 427A.1217
Duties 427A.1219
Definitions. 427A.1222
“Person with a physical disability” defined. 427A.1224
“Person with a related condition” defined. 427A.1226
“Person with an intellectual disability” defined. 427A.1232
Appointment 427A.1234
Duties and powers of Attorney. 427A.1236
Confidentiality of records. 427A.7951
“Person with a disability who needs independent living services” defined. 427A.7953
Establishment authorized 427A.7955
Types of independent living services and services of assistive technology that are authorized. 427A.7957
Research concerning cost of services for persons who are blind or visually impaired and do not have vocational goal 427A.8713
“Commission” defined. 427A.8715
“Early intervention services” defined. 427A.8801
Nevada Commission on Autism Spectrum Disorders: Creation 427A.8802
Nevada Commission on Autism Spectrum Disorders: Duties. 427A.8803
Nevada Commission on Autism Spectrum Disorders: Report by Division.
Last Updated

Feb. 5, 2021

§ 427A.892’s source at nv​.us