Nevada Revised Statutes Title 18. State Executive Department § 231.1592. Creation; disposition of interest and income; nonreversion; administration; gifts, grants and donations; allocations

(a) Money in the Knowledge Account, after deducting any applicable charges; and

(b) Unexpended appropriations made to the Account from the State General Fund,

(a) Shall administer the Knowledge Account in a manner that is consistent with the State Plan for Economic Development developed by the Executive Director pursuant to subsection 2 of NRS 231.053;

(b) May apply for and accept any gift, grant, donation, bequest or other source of money for deposit in the Knowledge Account; and

(c) Subject to any restrictions imposed by such a grant, gift, donation or appropriation, may allocate money in the Knowledge Account among the research universities, the Desert Research Institute, the technology outreach program established pursuant to NRS 231.1596 and the technology transfer offices of the research universities and the Desert Research Institute to support commercialization and technology transfer to the private sector.