Section 223.492 - Grant Matching Account: Creation; administration; sources1. The Grant Matching Account is hereby created in the State General Fund. The Office shall administer the Grant Matching Account.2. Money received from: (a) A direct legislative appropriation to the Grant Matching Account;(b) A transfer from the Abandoned Property Trust Account pursuant to NRS 120A.620; and(c) A grant, gift or donation to the Grant Matching Account, must be deposited in the Grant Matching Account. The interest and income earned on the money in the Grant Matching Account must be credited to the Grant Matching Account.
3. Except as otherwise provided in subsection 4, the balance remaining in the Grant Matching Account that has not been committed for expenditure on or before June 30 of an odd-numbered fiscal year reverts to the State General Fund.4. All money received from a grant, gift or donation to the Grant Matching Account:(a) Must be accounted for separately in the Account;(b) Must be expended in accordance with the terms of the gift, grant or donation; and(c) Does not revert to the State General Fund and must be carried over into the next fiscal year.Added to NRS by 2021, 3704Added by 2021, Ch. 545,§12, eff. 7/1/2022.