Nev. Admin. Code § 353B.440 - Award of scholarship to qualified beneficiary that duplicates benefits to be provided under contract
1. Upon the receipt
of a written request signed by a purchaser and such documentation as the Board
deems adequate to prove that the qualified beneficiary has been awarded a
scholarship to attend an eligible educational institution which duplicates all
the benefits to be provided pursuant to the contract, the Board will:
(a) Amend the contract to change the identity
of the qualified beneficiary and waive the required fee for the change;
or
(b) Terminate the contract and
provide to the purchaser a refund according to the terms of the master
agreement.
2. As used in
this section, "scholarship" does not include a loan.
Notes
NRS 353B.090
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