Nevada Revised Statutes Title 54. Professions, Occupations and Businesses § 645.842. Creation; use; balances; interest and income

1. The Real Estate Education, Research and Recovery Fund is hereby created as a special revenue fund.

2. A balance of not less than $300,000 must be maintained in the Fund, to be used for satisfying claims against persons licensed under this chapter, as provided in NRS 645.841 to 645.8494, inclusive. Any balance over $300,000 remaining in the Fund at the end of any fiscal year must be set aside and used:

3. The interest and income earned on the money in the Fund, after deducting any applicable charges, must be credited to the Fund.