AB552

Nevada AB552 revises the Trust Fund for Child Welfare by eliminating deductions for public services from a child's account.

Nevada AB552 revises provisions relating to the Trust Fund for Child Welfare. It eliminates the requirement for the Division of Child and Family Services to deduct from a child’s separate account any services provided by public money. The Division must still keep a separate account for each child who receives money from the Fund and remit any surplus balance to the parent or legal guardian of the child, or to the child if emancipated or 18 years old. The Division must also pay interest to each child’s separate account at the end of each interest period.