NAC353B.350. Options for method of payment by purchaser.

Latest version.

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; or

          (2) From the time of enrollment in the Program until the qualified beneficiary graduates from high school; and

     2. Pursuant to:

     (a) An invoice;

     (b) Monthly coupons;

     (c) Payroll deductions;

     (d) Automatic deductions from a specified account at a financial institution;

     (e) Gifts, under conditions approved by the Board; or

     (f) Any other method approved by the Board.

(Added to NAC by Bd. of Trustees for Higher Educ. Tuition Trust Fund by R009-99, eff. 11-3-99; A by Bd. of Trustees of College Savings Plans of Nev. by R055-09, 10-27-2009)

                    
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