# Nev. Rev. Stat. § 381.0031: Private money; Dedicated Trust Fund

> Nevada · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_NV_T33_C381_S381.0031

## Section

- **Citation:** Nev. Rev. Stat. § 381.0031
- **Heading:** Private money; Dedicated Trust Fund
- **Jurisdiction:** Nevada
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** NV Code / Title 33 / Chapter 381 / Section 381.0031

## Text

1. Except as otherwise provided in subsection 5, all money and the proceeds from property received by the Division or any institution of the Division through any grant other than a grant of federal money, bequest or devise, and the proceeds from memberships, sales, interest and dividends from any sources other than appropriation by the Legislature, admission charges and sales of tickets for train rides, are private money and not state money. The Board shall establish a Division of Museums and History Dedicated Trust Fund. All private money must be accounted for in that Fund. No other money may be accounted for in that Fund.

2. Except as otherwise provided in this chapter, all of the money in the Dedicated Trust Fund must be deposited in a financial institution to draw interest or be expended, invested and reinvested pursuant to the specific instructions of the donor, or, where no such specific instructions exist, in the sound discretion of the Board. The provisions of subsections 3 and 4 of NRS 356.011 apply to any accounts in financial institutions maintained pursuant to this section.

3. The Board shall account separately for the portions of the private money received by each institution of the Division but may combine all or any portion of the private money for the purposes of investment and reinvestment.

4. The Board shall adopt an investment policy for the private money.

5. The provisions of this section do not apply to any money received for deposit in the Account for Improving Access to State Museums for Persons with Disabilities created by NRS 381.0085 .

## Nearby sections

- [Nev. Rev. Stat. § 381.001 Definitions](https://www.frixlaw.com/law-library/statutes/STATE_NV_T33_C381_S381.001.md)
- [Nev. Rev. Stat. § 381.002 Creation; qualifications of members; Chair and Vice Chair; powers and duties; regulations](https://www.frixlaw.com/law-library/statutes/STATE_NV_T33_C381_S381.002.md)
- [Nev. Rev. Stat. § 381.003 Establishment of stores for sale of gifts and souvenirs](https://www.frixlaw.com/law-library/statutes/STATE_NV_T33_C381_S381.003.md)
- [Nev. Rev. Stat. § 381.004 Creation; composition; general duties of institutions](https://www.frixlaw.com/law-library/statutes/STATE_NV_T33_C381_S381.004.md)
- [Nev. Rev. Stat. § 381.005 Administrator: Appointment; qualifications; classification; employment of staff](https://www.frixlaw.com/law-library/statutes/STATE_NV_T33_C381_S381.005.md)
- [Nev. Rev. Stat. § 381.006 Administrator: Powers and duties](https://www.frixlaw.com/law-library/statutes/STATE_NV_T33_C381_S381.006.md)
- [Nev. Rev. Stat. § 381.008 Sale of duplicates, surplus and inappropriate items; use of proceeds](https://www.frixlaw.com/law-library/statutes/STATE_NV_T33_C381_S381.008.md)
- [Nev. Rev. Stat. § 381.009 Acquisition or repatriation of abandoned property held by institution](https://www.frixlaw.com/law-library/statutes/STATE_NV_T33_C381_S381.009.md)
- [Nev. Rev. Stat. § 381.0031 Private money; Dedicated Trust Fund](https://www.frixlaw.com/law-library/statutes/STATE_NV_T33_C381_S381.0031.md)
- [Nev. Rev. Stat. § 381.0033 Budgeting, expenditure and accounting of money in Dedicated Trust Fund](https://www.frixlaw.com/law-library/statutes/STATE_NV_T33_C381_S381.0033.md)
- [Nev. Rev. Stat. § 381.0035 Private money exempt from statutory requirements governing expenditure of public money; independent contractors](https://www.frixlaw.com/law-library/statutes/STATE_NV_T33_C381_S381.0035.md)
- [Nev. Rev. Stat. § 381.0036 Legislative appropriations](https://www.frixlaw.com/law-library/statutes/STATE_NV_T33_C381_S381.0036.md)
- [Nev. Rev. Stat. § 381.0037 Petty cash accounts; change accounts](https://www.frixlaw.com/law-library/statutes/STATE_NV_T33_C381_S381.0037.md)
- [Nev. Rev. Stat. § 381.0045 Establishment of categories of and fees for membership in institutions; fees for admission and train rides; policies and charges for use of property](https://www.frixlaw.com/law-library/statutes/STATE_NV_T33_C381_S381.0045.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_NV_T33_C381_S381.0031. Check the current official text before relying on it. Not legal advice.