Nevada Revised Statutes Title 37. Veterans; Privileges, Benefits and Recognition Related to Military Service § 417.149. Trust fund for deposit of money belonging to residents of veterans’ home; maintenance of separate accounts for residents with money in fund; written account of money in fund; disposition of residents’ accounts; maintenance of reserve cash fund

1. An administrator for a veterans' home may accept money belonging to the residents of the veterans' home and, except as otherwise provided in this section, shall deposit that money in a trust fund which is established in a bank, credit union, savings and loan association or savings bank qualified to receive deposits of public money. The administrator shall account for all such money of the residents separately. Interest and income earned on the money in the trust fund, after deducting any applicable charges, must be accounted for separately and credited to the appropriate accounts in the trust fund.

2. The administrator shall:

3. From the money in the trust fund, the administrator shall maintain a sum not to exceed $3,000 in a reserve cash fund at the veterans' home for immediate use by the residents of the veterans' home who have an account in the trust fund. The administrator shall not keep an amount in the reserve cash fund attributable to a specific resident that is in excess of $50. If a resident withdraws money from the reserve cash fund, the administrator shall deduct the amount of the withdrawal from the resident's account in the trust fund.