Application for grant from Fund; required contents; amount of grant; regulations.
Nev. Rev. Stat. § 387.3343
in effect1. Following any fiscal year in which a county levies a tax imposed pursuant to NRS 387.3342 , the board of trustees of the school district in the county shall apply to the Director of the Office of Finance for a grant of money from the Fund created pursuant to NRS 387.3341 on a form provided by the Director.
2. Following any fiscal year in which a county levies a tax imposed pursuant to NRS 387.3289 , the board of trustees of the school district in the county may apply to the Director of the Office of Finance for a grant of money from the Fund created pursuant to NRS 387.3341 on a form provided by the Director.
3. In addition to the provisions of subsection 1 or 2, the board of trustees of a school district in a county whose population is less than 100,000 may apply to the Director of the Office of Finance for a grant of money from the Fund created pursuant to NRS 387.3341 , on a form provided by the Director, in any fiscal year in which the board of trustees:
(a) Receives a gift, grant or donation for a capital project of the school district that is located on qualified tribal land; or
(b) Accrues interest on money received by the school district for a capital project of the school district that is located on qualified tribal land,
Ê or both.
4. The application for a grant of money from the Fund submitted pursuant to this section must be accompanied by:
(a) A description of the capital project for which the grant is requested, which must be a capital project described by subsection 5 of NRS 387.3341 ; and
(b) As applicable:
(1) Documentation of the amount of the tax assessed pursuant to NRS 387.3342 for the capital project for which the grant is requested in the immediately preceding fiscal year;
(2) A statement by the board of trustees of the school district in a county which has levied a tax imposed pursuant to NRS 387.3289 certifying the amount of the proceeds of the tax imposed pursuant to NRS 387.3289 for the immediately preceding fiscal year which will be dedicated to the capital project; or
(3) Documentation relating to the amount of the gift, grant, donation or accrued interest.
5. To the extent that money is available for that purpose in the Fund and if the Director of the Office of Finance determines that the capital project for which the grant is requested is a project for which a grant may be made from the Fund, the Director shall make a grant of money from the Fund to a school district that submits an application pursuant to this section in an amount that is equal to, as applicable:
(a) The total amount of tax assessed by the county for the capital project pursuant to NRS 387.3342 in the immediately preceding fiscal year;
(b) If the school district is located in a county which levies a tax imposed pursuant to NRS 387.3289 , the amount of the proceeds of the tax imposed pursuant to NRS 387.3289 for the immediately preceding fiscal year which the board of trustees of the school district has certified will be dedicated to the capital project; or
(c) One or both of the following:
(1) The gift, grant or donation made to the school district for the capital project located on qualified tribal land.
(2) The interest accrued on money received by the school district for the capital project located on qualified tribal land.
6. The Director of the Office of Finance shall adopt regulations that prescribe the annual deadline for submission of an application to the Director by a school district pursuant to this section.
7. As used in this section, qualified tribal land means any real property:
(a) For which legal title is vested in, or held in trust for the benefit of, an Indian tribe or an individual Native American, and which is subject to restrictions against alienation pursuant to federal law; and
(b) Over which an Indian tribe exercises governmental power.
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-387.htmlFetched: 10/4/2026