2001 REGULAR SESSION (71st)                                                                     A AB378 R1 1237

Amendment No. 1237

 

Senate Amendment to Assembly Bill No. 378  First Reprint                                                  (BDR S‑852)

Proposed by: Committee on Finance

Amendment Box: Replaces Amendment No. 1227.

Resolves Conflicts with: N/A

Amends:         Summary:               Title:               Preamble:               Joint Sponsorship:

 

ASSEMBLY ACTION              Initial and Date              |SENATE ACTION                        Initial and Date

       Adopted       Lost                                               |          Adopted       Lost                                           

Concurred In                     Not                                                        |Concurred In  Not                                 

       Receded        Not                                               |         Receded        Not                                           

 

     Amend section 1, page 1, by deleting lines 1 through 10 and inserting:

     “Section 1. 1.  There is hereby appropriated from the interest earned on the trust fund for public health created pursuant to NRS 439.605, as determined on July 1, 2001, to the Interim Finance Committee an amount equal to 25 percent of the available interest that has been earned on the trust fund, as determined on July 1, 2001, or the sum of $250,000, whichever is less. If the Interim Finance Committee approves the policy established by the Board of Regents of the University of Nevada pursuant to subsection 2, the Interim Finance Committee shall distribute the money appropriated by this subsection to the Board of Regents for the financial support of the program to provide loans to nursing students pursuant to NRS 396.890 to 396.898, inclusive.

     2.  Notwithstanding the provisions of NRS 396.890 to 396.898, inclusive, to the contrary, the Board of Regents shall establish a policy for administration of the loans pursuant to this section. The policy must include, without limitation:

     (a) The criteria for eligibility for receipt of a loan pursuant to this section;

     (b) The manner by which eligible students may apply for a loan;

     (c) The procedures for monitoring the repayment of a loan; and

     (d) A requirement that all payments of principal and interest on all loans made pursuant to this section must be deposited in the trust fund for public health created pursuant to NRS 439.605.

     3.  The Board of Regents shall submit the policy established pursuant to subsection 2 to the Interim Finance Committee for approval. If the Interim Finance Committee approves the policy, the Interim Finance Committee shall distribute the money appropriated by subsection 1 to the Board of Regents.

     4.  If the money appropriated by subsection 1 is distributed to the Board of Regents, the Board of Regents shall use the money to provide loans for fees, books and living expenses pursuant to the:

     (a) Policy approved by the Interim Finance Committee pursuant to subsection 3; and

     (b) Provisions of NRS 396.890 to 396.898, inclusive, to the extent that those provisions do not conflict with the policy approved by the Interim Finance Committee,

FLUSH
 
to students who are enrolled in”.

     Amend section 1, page 2, line 3, by deleting “3.” and inserting “5.”.