Nevada Administrative Code

NAC 350.240 Denial of certain proposals if increase in rate of property taxes exceeds statutory limitation on total rate. (NRS 350.009, 350.0135) A commission shall not approve a proposal that will result in an increase in the rate of property taxes or a request to reserve a perc…

NAC 350.250 Notice of certain decisions of commission. (NRS 350.009, 350.0135) A commission shall provide notice, in writing, of the decision of the commission to the municipality requesting an increase in the rate of property taxes or a reservation of a percentage of the remaini…

NAC 353.010 Definitions. (NRS 353.3195) As used in NAC 353.010 to 353.080, inclusive, unless the context otherwise requires, the words and terms defined in NAC 353.020 and 353.030 have the meanings ascribed to them in those sections. (Added to NAC by St. Controller by R069-98, ef…

NAC 353.020 “Authorized officer” defined. (NRS 353.3195) “Authorized officer” has the meaning ascribed to it in subsection 2 of NRS 353.3195. (Added to NAC by St. Controller by R069-98, eff. 8-4-98)

NAC 353.030 “Electronic approval code” defined. (NRS 353.3195) “Electronic approval code” means a series of electronic symbols issued to an authorized officer by the State Controller pursuant to subsection 1 of NRS 353.3195. (Added to NAC by St. Controller by R069-98, eff. 8-4-98…

NAC 353.040 Substitution of electronic approval code for handwritten or facsimile signature. (NRS 353.3195) An electronic approval code issued by the State Controller or a designee thereof to an authorized officer pursuant to subsection 1 of NRS 353.3195 may substitute for the ha…

NAC 353.050 Responsibility for protection and proper use. (NRS 353.3195) 1. An authorized officer to whom an electronic approval code is issued: (a) Shall exercise reasonable care to retain control of his or her electronic approval code and to prevent its disclosure to any other …

NAC 353.060 Certification of authorized use. (NRS 353.3195) A person who enters an electronic approval code into a document indicating his or her authorization or verification of the document certifies that he or she is the person to whom the electronic approval code was issued a…

NAC 353.070 Authority of State Controller. (NRS 353.3195) 1. An electronic approval code that is issued to an authorized officer remains the property of the State Controller. 2. The State Controller may terminate the authority of an authorized officer to use an electronic approva…

NAC 353.080 Grounds for disciplinary action; personal liability. (NRS 353.3195) 1. The State Controller may subject an authorized officer to disciplinary action or hold him or her personally liable for the disclosure or unauthorized or fraudulent use of his or her electronic appr…

NAC 353.100 Examination of claims for payment pursuant to legislative appropriation or authorization. (NRS 353.090) Claims presented to the State Board of Examiners pursuant to NRS 353.090 must be examined to determine their correctness using: 1. Sampling procedures that are esta…

NAC 353.200 Report of damages by Division of Emergency Management for request for grant or loan: Contents. (NRS 353.2753) A written report prepared by the Division of Emergency Management of the Department of Public Safety pursuant to NRS 353.2753 will set forth, without limitati…

NAC 353A.100 Training for administration of budgetary accounts required; contents of training; evaluation of effectiveness of training. (NRS 353A.055) 1. Except as otherwise provided in NRS 353A.055, the head of an agency and any employee of an agency whose duties include adminis…

NAC 353B.001 Definitions. (NRS 353B.090, 353B.310, 353B.335) As used in this chapter, unless the context otherwise requires, the words and terms defined in NAC 353B.003, 353B.004 and 353B.007 have the meanings ascribed to them in those sections. (Added to NAC by Bd. of Trustees o…

NAC 353B.003 “Designated beneficiary” defined. (NRS 353B.090, 353B.310, 353B.335) “Designated beneficiary” has the meaning ascribed to it in 26 U.S.C. § 529. (Added to NAC by St. Treasurer by R185-01, eff. 4-5-2002; A by Bd. of Trustees of College Savings Plans of Nev. by R032-22…

NAC 353B.004 “Eligible educational institution” defined. (NRS 353B.090, 353B.310, 353B.335) “Eligible educational institution” means a school described in paragraph (g) of subsection 3 of NRS 353B.100. (Added to NAC by Bd. of Trustees of College Savings Plans of Nev. by R032-22, …

NAC 353B.005 “Board” defined. (NRS 353B.090) As used in this chapter, unless the context otherwise requires, “Board” has the meaning ascribed to it in NRS 353B.002. (Added to NAC by Bd. of Trustees of College Savings Plans of Nev. by R150-03, eff. 8-25-2004) NEVADA HIGHER EDUCATI…

NAC 353B.007 “Qualified higher education expenses” defined. (NRS 353B.090, 353B.310, 353B.335) “Qualified higher education expenses” has the meaning ascribed to it in 26 U.S.C. § 529. (Added to NAC by Bd. of Trustees of College Savings Plans of Nev. by R032-22, eff. 9-28-2022) NE…

NAC 353B.010 Definitions. (NRS 353B.090) As used in NAC 353B.010 to 353B.510, inclusive, unless the context otherwise requires, the words and terms defined in NAC 353B.020 to 353B.090, inclusive, have the meanings ascribed to them in those sections. (Added to NAC by Bd. of Truste…

NAC 353B.020 “Contract” defined. (NRS 353B.090) “Contract” means a prepaid tuition contract, consisting of the provisions of an application for enrollment in the Program and a schedule for participation and payment provided by the Board. (Added to NAC by Bd. of Trustees for Highe…

NAC 353B.030 “Contractual plan” defined. (NRS 353B.090) “Contractual plan” means an option set forth in NAC 353B.150. (Added to NAC by Bd. of Trustees for Higher Educ. Tuition Trust Fund by R009-99, eff. 11-3-99)

NAC 353B.040 “Date of matriculation” defined. (NRS 353B.090) “Date of matriculation” means the year that a qualified beneficiary commences his or her attendance at a postsecondary educational institution. (Added to NAC by Bd. of Trustees for Higher Educ. Tuition Trust Fund by R00…

NAC 353B.050 “Eligible educational institution” defined. (NRS 353B.090, 353B.100) “Eligible educational institution” means a school described in paragraph (g) of subsection 3 of NRS 353B.100. For the purposes of that paragraph, the Board will construe the term “accredited” to mea…

NAC 353B.055 “Master agreement” defined. (NRS 353B.090) “Master agreement” means the agreement developed by the Board pursuant to NAC 353B.140. (Added to NAC by Bd. of Trustees of College Savings Plans of Nev. by R055-09, eff. 10-27-2009)

NAC 353B.060 “Program” defined. (NRS 353B.090) “Program” means the Program for the Prepayment of Tuition established pursuant to NRS 353B.010 to 353B.190, inclusive, and NAC 353B.010 to 353B.510, inclusive. (Added to NAC by Bd. of Trustees for Higher Educ. Tuition Trust Fund by R…

NAC 353B.069 “State college” defined. (NRS 353B.090) “State college” means the Nevada State University. (Added to NAC by Bd. of Trustees of College Savings Plans of Nev. by R055-09, eff. 10-27-2009)

NAC 353B.070 “State community college” defined. (NRS 353B.090) “State community college” means: 1. The College of Southern Nevada; 2. Western Nevada College; 3. Truckee Meadows Community College; or 4. Great Basin College. (Added to NAC by Bd. of Trustees for Higher Educ. Tuition…

NAC 353B.080 “State university” defined. (NRS 353B.090) “State university” means: 1. The University of Nevada, Reno; or 2. The University of Nevada, Las Vegas. (Added to NAC by Bd. of Trustees for Higher Educ. Tuition Trust Fund by R009-99, eff. 11-3-99)

NAC 353B.090 “Tuition” defined. (NRS 353B.090) “Tuition” means the cost for the enrollment of a full-time student into an eligible educational institution, except for any amounts charged: 1. To nonresident students only; 2. As fines, application fees, entrance fees, parking fees,…

NAC 353B.095 “Accredited” construed. (NRS 353B.090, 353B.100) For the purposes of paragraph (g) of subsection 3 of NRS 353B.100, the Board will construe the term “accredited” to mean that a school has been accredited as a postsecondary educational institution by an accrediting bo…

NAC 353B.140 Development of master agreement by Board; review and amendment. (NRS 353B.090) 1. The Board will develop a master agreement for the Program. The master agreement must include, without limitation: (a) Information concerning the Program; (b) The obligations of the Prog…

NAC 353B.150 Contract provisions: Payment of tuition to institution of higher education for certain number of semester hours of credit. (NRS 353B.090, 353B.100) 1. A contract may provide for payment from the Trust Fund of the amount of tuition required for the enrollment of a qua…

NAC 353B.160 Contract provisions: Restrictions on payment of tuition and other amounts charged for enrollment; payment of tuition for person designated as qualified beneficiary on more than one contract. (NRS 353B.090, 353B.100) 1. Except as otherwise provided in subsection 2, a …

NAC 353B.170 Eligibility to be purchaser or qualified beneficiary. (NRS 353B.090) 1. A purchaser may be any person or legal entity other than the qualified beneficiary designated for the contract. 2. At the time of enrollment in the Program, a qualified beneficiary must not yet h…

NAC 353B.180 Application: Contents; fee; late application; copy of contract and master agreement. (NRS 353B.090) 1. A person who desires to enter into a contract must submit to the Board an application for enrollment in the Program, on a form provided by the Board, and a fee of $…

NAC 353B.190 Designation of legal successor of applicant or purchaser. (NRS 353B.090) An applicant for enrollment in the Program or a purchaser may submit to the Board a written designation of a person to serve as the legal successor of the applicant or purchaser for the purposes…

NAC 353B.200 Annual establishment and provision of public notice of dates for enrollment and of certain rates. (NRS 353B.090, 353B.100) The Board will annually: 1. Establish: (a) Guaranteed rates for the prepayment of tuition pursuant to a contract; (b) Specific dates for enrollm…

NAC 353B.205 Provision of benefits: Annual determination of amount; formula for conversion to semester credit hours; payment directly to eligible educational institution. (NRS 353B.090) 1. The Board will annually determine the amount of benefits to be paid to an eligible educatio…

NAC 353B.210 Provision of benefits: Restrictions; termination of contract and refund. (NRS 353B.090) 1. The Board will not provide any benefits pursuant to a contract: (a) Earlier than 3 years after the date the first payment is due from the purchaser pursuant to the contract. (b…

NAC 353B.220 Provision of benefits: Accrual of benefits if tuition rate is less than amount of benefit payment; refund. (NRS 353B.090) If a qualified beneficiary enrolls in an eligible educational institution that charges tuition at a rate that is less than the amount of the bene…

NAC 353B.300 Conditions for change in contractual plan. (NRS 353B.090) The Board will amend a contract to change the contractual plan if: 1. The purchaser requests the change, submits the required fee and pays any additional sum the Board determines to be necessary, as a result o…

NAC 353B.310 Conditions for change in designation of qualified beneficiary; expiration date of amended contract if any benefits have been paid. (NRS 353B.090) 1. The Board will amend a contract to change the designation of the qualified beneficiary to a person within the immediat…

NAC 353B.350 Options for method of payment by purchaser. (NRS 353B.090, 353B.100) A contract may provide for payment by the purchaser: 1. By: (a) Remittance in a lump sum; or (b) Remittances on a monthly basis: (1) For 60 months; (2) For 120 months; or (3) From the time of enroll…

NAC 353B.360 Payment of remaining balance in lump sum. (NRS 353B.090) Upon the request of a purchaser and receipt of the required fee, the Board will allow the purchaser to pay in a lump sum the remaining balance, if any, of the total amount due pursuant to a contract that provid…

NAC 353B.365 Requirements for matching contribution by employer on behalf of qualified beneficiary. (NRS 353B.090) 1. An employer may make a matching contribution to the Trust Fund on behalf of a qualified beneficiary on whose behalf a contract is drawn pursuant to NRS 353B.100. …

NAC 353B.370 Remittance of payment pursuant to contract; consequences for failure to remit. (NRS 353B.090) 1. A purchaser must remit payments pursuant to a contract on the dates and in the amounts set forth in the schedule for participation and payment provided to the purchaser b…

NAC 353B.400 Failure to provide information requested by Board. (NRS 353B.090) If a purchaser fails to provide any information relating to a contract within a reasonable period after receiving a request from the Board for the provision of that information, the Board may terminate…