exempt

                                            (REPRINTED WITH ADOPTED AMENDMENTS)

 

Senate Bill No. 391–Committee on Finance

 

March 19, 2001

____________

 

Referred to Committee on Finance

 

SUMMARY—Creates Western Interstate Commission for Higher Education scholarship trust fund (BDR 34‑282)

 

FISCAL NOTE:  Effect on Local Government: No.

                             Effect on the State: Yes.

 

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EXPLANATION – Matter in bolded italics is new; matter between brackets [omitted material] is material to be omitted.

 

AN ACT relating to education; creating the Western Interstate Commission for Higher Education scholarship trust fund; providing for the award of scholarships from the fund to certain students; making an appropriation; and providing other matters properly relating thereto.

 

THE PEOPLE OF THE STATE OF NEVADA, REPRESENTED IN

SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS:

 

1-1    Section 1. Chapter 397 of NRS is hereby amended by adding thereto a

1-2  new section to read as follows:

1-3    1.  The Western Interstate Commission for Higher Education

1-4  scholarship trust fund is hereby created, to be administered by the three

1-5  commissioners from the State of Nevada, acting jointly. The

1-6  commissioners may accept gifts, grants, bequests and donations for

1-7  deposit in the fund. All money received from persons who are required to

1-8  repay a scholarship pursuant to subsection 5 must be deposited in the

1-9  fund.

1-10  2.  The money in the fund remains in the fund and does not revert to

1-11  the state general fund at the end of any fiscal year.

1-12  3.  The money in the fund must be used solely to provide scholarships

1-13  to students who are certified to study to practice in a profession which

1-14  could benefit an underserved area of this state. Within the limits of

1-15  money available in the fund, each year at least:

1-16  (a)  Five scholarships must be awarded for the nursing profession;

1-17  (b) Five scholarships must be awarded for the mental health

1-18  profession; and

1-19  (c) Five scholarships must be awarded for the teaching

1-20  profession.

2-1  The three commissioners from the State of Nevada, acting jointly, may

2-2  award additional scholarships to persons in other professions which

2-3  could benefit an underserved area of this state.

2-4    4.  As a condition for receipt of a scholarship, a student must agree to

2-5  practice for at least 1 year in an underserved area of this state in the

2-6  profession in which he is certified to study. The terms and conditions of

2-7  the scholarship, including, without limitation, the terms and conditions

2-8  for repayment of the scholarship, must be set forth in a contract between

2-9  the student and the grantor.

2-10  5.  If a student who receives a scholarship does not practice for at

2-11  least 1 year in an underserved area of this state in the profession in

2-12  which he was certified to study, the student shall repay the scholarship

2-13  subject to the terms and conditions prescribed pursuant to subsection 6. 

2-14  6.  The three commissioners from the State of Nevada, acting jointly:

2-15  (a) Shall adopt regulations that prescribe the terms and conditions for

2-16  repayment of a scholarship if a student fails to practice for at least 1 year

2-17  in an underserved area of this state in the profession in which he was

2-18  certified to study.

2-19  (b) May adopt such regulations as are necessary to carry out the

2-20  provisions of this section.

2-21  7.  As used in this section, “profession which could benefit an

2-22  underserved area in this state” includes, without limitation, nursing,

2-23  mental health and teaching.

2-24  Sec. 2.  1.  There is hereby appropriated from the state general fund

2-25  to the Western Interstate Commission for Higher Education scholarship

2-26  trust fund created pursuant to section 1 of this act for the 2002-2003 fiscal

2-27  year, the sum of $75,000.

2-28  2.  The three commissioners from the State of Nevada, acting jointly,

2-29  shall use the money appropriated by subsection 1 to provide scholarships to

2-30  students pursuant to section 1 of this act.

2-31  Sec. 3.  1.  This section becomes effective on July 1, 2001.

2-32  2.  Section 1 of this act becomes effective on July 1, 2001, for the

2-33  purpose of adopting regulations and on July 1, 2002, for all other purposes.

2-34  3.  Section 2 of this act becomes effective on July 1, 2002.

 

2-35  H