396.916  “Eligible institution” defined.  “Eligible institution” means:

1.  A university, state college or community college within the System; or

2.  Any other nonsectarian college or university that:

(a) Was originally established in, and is organized under the laws of, this state;

(b) Is exempt from taxation pursuant to 26 U.S.C. § 501(c)(3); and

(c) Is accredited by a regional accrediting agency recognized by the United States Department of Education.

(Added to NRS by 2001, 1415)