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Nevada Revised Statutes Title 31. Public Financial Administration § 353B.155. Duty of Board to promote and market use of Trust Fund and solicit certain opinions; authority to limit qualified beneficiaries

Current as of January 01, 2025 | Updated by Findlaw Staff

1. The Board shall actively promote and market use of the Trust Fund.

2. The Board shall, before it enters into a prepaid tuition contract with a purchaser, solicit the opinion of:

(a) The Securities and Exchange Commission regarding the application of federal law regarding securities to the Trust Fund; or

(b) An independent legal counsel to ensure that the method of structuring and offering the Trust Fund is in compliance with federal law regarding securities.

3. The Board may:

(a) Require a reasonable length of residence in the State to become a qualified beneficiary.

(b) Restrict the number of qualified beneficiaries.

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Cite this article: FindLaw.com - Nevada Revised Statutes Title 31. Public Financial Administration § 353B.155. Duty of Board to promote and market use of Trust Fund and solicit certain opinions; authority to limit qualified beneficiaries - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-31-public-financial-administration/nv-rev-st-353b-155/

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