1-3 1. Without limit, obligations of, or obligations guaranteed as to

1-4 principal and interest by, the United States or any state.

1-5 2. Obligations of the United States Postal Service, whether or not

1-6 guaranteed as to principal and interest by the United States.

1-7 3. Stock of a Federal Home Loan Bank of which the association is

1-8 eligible to be a member.

1-9 4. Any obligations or consolidated obligations of any Federal Home

1-10 Loan Bank or Banks.

1-11 5. Stock or obligations of the Federal Deposit Insurance Corporation.

1-12 6. Stock or obligations of a national mortgage association or any

1-13 successor or successors thereto, including the Federal National Mortgage

2-28 available money, [bank deposits,] deposits in banks and credit unions,

2-29 United States Government bonds, certificates of insured savings and loan

2-30 associations, Federal Home Loan Bank evidences of indebtedness, time

2-31 certificates of insured federal and state banks , time certificates of insured

2-32 credit unions or [of] any indebtedness of any United States Government

2-33 instrumentality which is by statute fully guaranteed, a sum not less than 5

2-34 percent of the aggregate of savings accounts and investment certificates to

2-35 enable it to pay withdrawals in excess of receipts and to meet accruing

2-36 expenses. The commissioner may prescribe from time to time different

2-37 amounts required for liquidity purposes, but the amounts must not be less

2-38 than 4 percent or more than 8 percent.

2-39 2. A deposit in a bank , credit union or association under the control or

2-40 the possession of appropriate supervisory authority must not be considered

3-22 1. Open and maintain a separate trust account in a state [bank] or

3-23 national bank or credit union doing business in this state. All money

3-24 received from debtors for the benefit of creditors must be deposited in, and

3-25 all payments to creditors must be disbursed from, this account.

3-26 2. Keep and use such books and accounting records as are in accord

3-27 with sound and accepted accounting practices.

3-28 3. Maintain a separate record or ledger card for the account of each

3-29 debtor, showing the amount of money received from and disbursed on

3-30 behalf of each debtor.

3-31 4. Maintain a separate record, in a form approved by the commissioner,

3-32 or ledger card for each creditor, identifying the particular debtor-source of

3-33 money and showing the amount of money disbursed in accordance with the

3-34 appropriate debt-adjustment contract.

3-35 5. Preserve all books and accounting records for at least 7 years after

3-39 commissioner may establish the basis upon which reasonable and adequate

3-40 reserves must be created and maintained, which must be no less than 3

4-17 business of any company for the purpose of liquidation or conservation, he

4-18 may liquidate or conserve the company. In such a liquidation or

4-19 conservation the commissioner has the same authority with reference to

4-20 licensees as are vested in the commissioner by Title 55 of NRS with

4-21 reference to banks and in addition may deposit money coming into his

4-22 hands in the course of liquidation in one or more state or national banks [.]

4-26 moneyed corporation, unless that corporation has been designated as a

4-27 depository by a majority vote of the directors or the executive committee,

4-28 exclusive of any director who is an officer, director or trustee of the

4-29 depository so designated. Such a depository must be a federally insured

4-30 financial institution , a financial institution insured by a private insurer

4-34 1. As authorized in this chapter;

4-35 2. In legal investments for banks , credit unions or savings associations;

4-36 or

4-37 3. To the extent of 5 percent or less of its total assets, in preferred stock

4-38 of corporations which have been given a rating of "A" or better by a

4-39 national rating service and which are not in default in the payment of

5-3 1. Adopt a regulation establishing the minimum surety bond required of

5-4 credit unions in relation to the amount of property under their control.

5-5 2. Adopt a regulation that sets forth the records a credit union must

5-6 keep and prescribes the period for which those records must be retained.

5-7 3. Maintain the original application of every credit union in a

5-8 permanent file.

5-9 [3.] 4. Maintain for at least 6 years, every report filed by a credit union

5-10 with the division of financial institutions.

5-11 [4.] 5. Except as otherwise provided in NRS 678.800 and 678.810,

5-12 deposit all fees, charges for expenses, assessments and other money which

5-13 is collected pursuant to the provisions of this chapter or any regulation

5-14 adopted thereunder, in the state treasury for credit to the state general fund.

5-15 [5.] 6. Prepare copies of articles of incorporation and bylaws consistent

5-16 with the provisions of this chapter which may be used by persons interested

6-26 members of its committees, except that any loan or aggregate of loans to any

6-27 one director or member of a committee which is more than [$10,000]

6-28 $30,000 plus pledged shares must be approved by the board.

6-29 2. A credit union may permit its directors and members of its

6-30 committees to act as guarantor or endorser of loans to other members,

6-31 except that when such a loan standing alone or when added to any

6-32 outstanding loan to the guarantor is more than [$10,000,] $30,000, approval

6-36 1. Securities, obligations, participations or other instruments of or

6-37 issued by or fully guaranteed as to principal and interest by the United

6-38 States of America or any agency thereof or in any trust or trusts established

6-39 for investing directly or collectively in these instruments;

6-40 2. Obligations of this state or any political subdivision thereof [;] ,

6-41 including, without limitation, a city, county or school district;

6-42 3. Certificates of deposit or passbook type accounts issued by a state or

7-28 to actions brought to recover money or other property deposited with any

7-29 bank, credit union, banker, trust company or savings and loan society, there

7-33 incorporated under the laws of the State of Nevada or the laws of the United

7-34 States of America, or other personal property held by the bank must be

7-35 garnished by serving a copy of the writ of garnishment on one of the

7-36 following officers of the bank:

7-37 (a) If the bank has no branches, trust department or military facility, on

7-38 the president, vice president, assistant vice president, cashier, assistant

7-39 cashier, manager or other managing officer in charge of the bank owing the

7-40 debts, or having in its possession or under its control the credits or other

7-41 personal property.

8-30 not constitute doing business in this state:

8-31 (a) Maintaining, defending or settling any proceeding;

8-32 (b) Holding meetings of the board of directors or stockholders or

8-33 carrying on other activities concerning internal corporate affairs;

8-34 (c) Maintaining [bank accounts;] accounts in banks or credit unions;

8-35 (d) Maintaining offices or agencies for the transfer, exchange and

8-36 registration of the corporation’s own securities or maintaining trustees or

8-37 depositaries with respect to those securities;

8-38 (e) Making sales through independent contractors;

8-39 (f) Soliciting or receiving orders outside of this state through or in

8-40 response to letters, circulars, catalogs or other forms of advertising,

8-41 accepting those orders outside of this state and filling them by shipping

9-22 institution or trust company organized under, or supervised pursuant to, the

9-26 undertaking or other obligation is required, to agree with his surety or

9-27 sureties for the deposit of any [or all moneys] money and assets for which

9-28 he and his surety or sureties are or may be held responsible, with a bank,

9-29 credit union, savings bank, safe-deposit or trust company, authorized by

9-30 law to do business as such, or with [other] another depository approved by

9-31 the court or a judge thereof, if [such] the deposit is otherwise proper, for the

9-32 safekeeping thereof, and in such manner as to prevent the withdrawal of

9-33 [such] the money or assets or any part thereof, without the written consent

9-34 of [such] the surety or sureties, or an order of court or a judge thereof, made

9-35 on such notice to [such] the surety or sureties as [such] the court or judge

9-36 may direct; but [such agreement shall] the agreement does not in any

9-37 manner release from or change the liability of the principal or sureties as

9-41 protection for the State of Nevada, the person required to provide the cash

9-42 payment or surety bond may deposit with the state treasurer, unless a

10-21 condominium for the maintenance of the project shall:

10-22 1. Immediately deposit [such moneys] the money in a separate

10-23 custodial account maintained by him with some bank , credit union or

10-24 recognized depositary in this state.

10-28 requirement of a bond of an executor, administrator or successor executor or

10-29 administrator is discretionary with the court. Whether a bond is expressly

10-30 required by the will or not, the court may:

10-31 (a) Require a bond if it determines a bond is desirable; or

10-32 (b) Dispense with the requirement of a bond if it determines a bond is

10-33 unnecessary.

10-34 2. The bond must be conditioned that the executor or administrator will

10-35 faithfully execute the duties of the trust according to law, and the bond must

10-36 be recorded by the clerk.

10-37 3. Personal assets of an estate may be deposited with a domestic

10-38 banking or trust corporation or credit union upon such terms as may be

10-39 prescribed by order of the court having jurisdiction of the estate. The

10-40 deposit is subject to the further order of the court. The bond of the executor

10-41 or administrator may be reduced accordingly.

11-22 deposit or invest [funds] money of the estate in:

11-23 1. United States treasury notes, bills or bonds;

11-24 2. Negotiable commercial paper, not exceeding 180 days maturity, of

11-25 prime quality as defined by a nationally recognized organization which rates

11-26 such securities;

11-27 3. Bankers’ acceptances;

11-28 4. Savings accounts or certificates of deposit in national banks, banks

11-29 chartered by the State of Nevada, federal credit unions, credit unions

11-30 chartered by the State of Nevada, federal savings and loan associations or

11-31 savings and loan associations chartered by the State of Nevada; or

11-32 5. Any other investment in which an executor or administrator is

11-33 authorized by law or by a will to invest [moneys or funds] money under his

11-37 disinterested appraiser to ascertain the fair market value, as of the

11-38 decedent’s death, of any asset the value of which is subject to reasonable

11-39 doubt. Different persons may be engaged to appraise different kinds of

11-40 assets included in the estate.

11-41 2. Any such appraiser is entitled to a reasonable compensation for his

11-42 appraisal and may be paid the compensation by the executor or

12-8 estate may:

12-9 (a) Invest the property of the ward, make loans and accept security

12-10 therefor, in the manner and to the extent authorized by the court.

12-11 (b) Exercise options of the ward to purchase or exchange securities or

12-12 other property.

12-13 2. A guardian of the estate may, without securing the prior approval of

12-14 the court, invest the property of the ward in the following:

12-15 (a) Savings accounts in any bank , credit union or savings and loan

12-16 association in this state, to the extent that [such] the deposits are insured by

12-17 the Federal Deposit Insurance Corporation [.] , the National Credit Union

12-18 Share Insurance Fund or a private insurer approved pursuant to NRS

12-19 678.755.

12-20 (b) Interest-bearing obligations of or fully guaranteed by the United

12-21 States.

12-22 (c) Interest-bearing obligations of the United States Postal Service.

12-23 (d) Interest-bearing obligations of the Federal National Mortgage

12-24 Association.

12-25 (e) Interest-bearing general obligations of this state.

12-26 (f) Interest-bearing general obligations of any county, city or school

12-27 district of this state.

12-28 (g) Money market mutual funds which are invested only in those

12-29 instruments listed in paragraphs (a) to (f), inclusive.

12-30 3. A guardian of the estate for two or more wards may invest the

12-31 property of two or more of the wards in property in which each ward whose

12-32 property is so invested has an undivided interest. The guardian shall keep a

12-33 separate record showing the interest of each ward in the investment and in

12-37 mingled the [funds] money of two or more trusts in the same aggregate of

12-38 cash, or in the same bank , credit union or brokerage account or other

12-39 investment, and a withdrawal is made therefrom by the trustee for his own

12-40 benefit, or for the benefit of a third person not a beneficiary or creditor of

12-41 one or more of the trusts, or for an unknown purpose, [such a withdrawal

12-42 shall] the withdrawal must be charged first to the amount of cash, credit, or

13-6 hereby created, and may be used for the payment of bills requiring

13-7 immediate payment and for the issuance of money to assist newly released

13-8 or paroled offenders, and for no other purposes.

13-9 2. The director may deposit the prison revolving account in one or more

13-10 banks or credit unions of reputable standing.

13-11 3. Payments made from the prison revolving account must be promptly

13-12 reimbursed from appropriated money of the department on claims as other

13-16 bank , credit union or savings and loan association doing business in this

13-17 state an account for disbursements to offenders. The balance in the account

13-18 must not exceed $600,000. Money in the account may be expended only for

13-19 the payment of transactions involving offenders’ trust funds.

13-20 2. Payments made from the account for disbursements to offenders must

13-21 be promptly reimbursed from money in the appropriate fund on deposit with

13-25 of inmates for safekeeping pending their discharges, and shall deposit any

13-26 such money in a trust fund which he shall establish in a bank , credit union

13-27 or savings and loan association qualified to receive deposits of public

13-28 money. He shall keep a full account of any such money and valuables, and

13-29 shall submit reports to the administrator relative to them as may be required

13-30 from time to time.

13-31 2. The superintendent may transfer the amount of any uncashed check

13-32 issued by the school to an inmate to the youth training center’s gift account

13-33 after 1 year from the date the check was issued. Each check so issued must

13-37 administrator, may establish an inmates’ commissary or store for the benefit

13-38 and use of the inmates. So far as practicable, sales of supplies and materials

13-39 to the inmates must be at cost. The superintendent shall keep, or cause to be

13-40 kept, a record of all transactions of the commissary.

13-41 2. The youth training center commissary fund is hereby created, and

13-42 must be used to purchase supplies and materials for resale to the inmates, to

14-8 210.400 to 210.715, inclusive, [shall] must be provided by legislative

14-9 appropriation from the general fund.

14-10 2. All [moneys] money in any fund in the state treasury available to the

14-11 school [shall] must be paid out on claims approved by the superintendent as

14-12 other claims against the state are paid.

14-13 3. All [moneys] money on deposit in banks [, which are] or credit

14-14 unions, which is available to the school, [shall] must be paid out by checks

14-15 signed by the superintendent or by a deputy designated by him for the

14-19 of inmates for safekeeping pending their discharges, and shall deposit any

14-20 such money in a trust fund which he shall establish in a bank , credit union

14-21 or [in a] savings and loan association qualified to receive deposits of public

14-22 money. The superintendent shall keep a full account of any such money and

14-23 valuables, and shall submit reports to the administrator relative to them as

14-24 may be required from time to time.

14-25 2. The superintendent may transfer the amount of any uncashed check

14-26 issued by the school to an inmate to the Caliente youth center’s gift account

14-27 after 1 year from the date the check was issued. Each check so issued must

14-31 administrator, may establish an inmates’ commissary or store for the benefit

14-32 and use of the inmates. So far as practicable, sales of supplies and materials

14-33 to the inmates must be at cost. The superintendent shall keep, or cause to be

14-34 kept, a record of all transactions of the commissary.

14-35 2. The Caliente youth center commissary fund is hereby created, and

14-36 must be used to purchase supplies and materials for resale to the inmates, to

14-37 provide money for needy inmates, and for such other incidentals as may be

14-38 deemed necessary by the superintendent. All money from the fund must be

14-39 repaid wherever possible.

14-40 3. The superintendent shall deposit any money received for the fund in

14-41 [a bank or in an insured] an insured bank, credit union or savings and loan

15-7 training center or the Caliente youth center must be placed in a reputable

15-8 home and in either an educational or work program or both. The chief of the

15-9 youth parole bureau may pay the expenses incurred in providing alternative

15-10 placements for residential programs and for structured nonresidential

15-11 programs from money appropriated to the bureau for that purpose.

15-12 2. The chief may accept money of parolees for safekeeping pending

15-13 their discharges from parole. The chief must deposit the money in [federally

15-14 insured] accounts in banks , credit unions or savings and loan associations

15-15 [.] that are federally insured or insured by a private insurer approved

15-16 pursuant to NRS 678.755. He shall keep or cause to be kept a fair and full

15-17 account of the money, and shall submit such reports concerning the

15-18 accounts to the administrator of the division of child and family services of

15-19 the department of human resources as the administrator may require.

15-20 3. When any person so paroled has proven his ability to make an

15-21 acceptable adjustment outside the center or, in the opinion of the chief, is no

15-22 longer amenable to treatment as a juvenile, the chief shall apply to the

15-23 committing court for a dismissal of all proceedings and accusations pending

15-24 against the person.

15-25 4. Before the chief recommends that the committing court revoke a

15-26 person’s parole, he shall ascertain from the superintendent of the

15-27 appropriate center whether adequate facilities remain available at the center

15-28 to provide the necessary care for the person. If the superintendent advises

15-29 that there are not such facilities available, that there is not enough money

15-30 available for support of the person at the center or that the person is not

15-31 suitable for admission to the center, the chief shall report that fact to the

15-32 administrator of the division of child and family services, who shall

15-36 valuables in the physical possession of a prisoner at the time he is taken into

15-37 custody. The sheriff shall account separately for all money so accepted and

15-38 deposit the money in a trust fund which he has established in a bank , credit

15-39 union or savings and loan association qualified to receive deposits of public

15-40 money. During the time of the prisoner’s incarceration, the sheriff may also

15-41 accept and deposit in the trust fund money belonging to the prisoner which

15-42 is intended for use by the prisoner to purchase items at the commissary.

16-19 account in any qualified bank or credit union for the purposes of providing

16-20 advance money and reimbursement to legislators and employees for travel

16-21 expenses, paying the salaries of persons on the payroll of the legislative

16-22 branch of government, related payroll costs and any other expenses directed

16-23 by the legislative commission. The account must be secured by a depository

16-24 bond to the extent the account is not insured by the Federal Deposit

16-25 Insurance Corporation [.] , the National Credit Union Share Insurance

16-26 Fund or a private insurer approved pursuant to NRS 678.755. All checks

16-27 written on this account must be signed by the chairman of the legislative

16-28 commission and the director of the legislative counsel bureau or his

16-29 designee, except that during a regular session of the legislature, the majority

16-30 leader of the senate and the speaker of the assembly shall sign the checks.

16-31 2. A request for advance money for travel constitutes a lien in favor of

16-32 the legislative fund upon the accrued salary, subsistence allowance and

16-33 travel expenses of the legislator or employee in an amount equal to the sum

16-34 advanced.

16-35 3. The legislator or employee is entitled to receive upon request any

16-36 authorized travel expenses in excess of the amount advanced. The legislator

16-37 or employee shall reimburse the legislative fund any amount advanced that

16-41 of attorney general in the sum of $5,000, which must be used for payment of

16-42 expenses related to litigation which are unexpected and require prompt

17-13 county commissioners in their respective counties may establish by

17-14 ordinance central receiving and disbursing systems for the handling of

17-15 county money and money held in trust by the county or by any of its elected

17-16 or appointed officers. Such systems may include, but are not limited to, the

17-17 following:

17-18 (a) The commingling of all the money from any source if the accounting

17-19 system employed supplies full information concerning the sources of the

17-20 money.

17-21 (b) The elimination of departmental accounts in an insured bank

17-22 [accounts, or accounts in insured] , credit union or savings and loan

17-23 [associations] association by commingling the money in an account or

17-24 accounts maintained by the county treasurer.

17-25 (c) The elimination of trust [bank] accounts in a bank or credit union,

17-26 created for any reason [whatsoever,] as long as adequate records are

17-27 maintained to identify fully all trust money. The money previously held in

17-28 such trust [bank] accounts may be commingled with other money held in

17-29 [bank] accounts maintained in a bank or credit union by the county

17-30 treasurer.

17-31 (d) The centralization of all disbursing of all money, including trust

17-32 money, if the accounting system employed supplies full information

17-33 concerning the disposition of the money.

17-34 (e) The centralization of part or all of billing and collection aspects of

17-35 business licenses, personal property and any other activity of any of the

17-36 offices of the county that involves billing for services, taxes or fees imposed

17-37 by statute or ordinance, or the collection of money in payment of such

17-38 billings.

17-39 (f) In a county whose population is 100,000 or more, the centralization

17-40 of part or all of the billing and collection aspects of any fine, fee, bail or

17-41 forfeiture imposed by a court and any payment ordered by a court pursuant

18-15 bonds and special funds from the revenues of the project must be invested

18-16 and reinvested in such securities and other investments, whether or not any

18-17 such investment or reinvestment is authorized under any other law of this

18-18 state, as may be provided in the proceedings under which the bonds are

18-19 authorized to be issued, including, but not limited to:

18-20 (a) Bonds or other obligations of the United States of America.

18-21 (b) Bonds or other obligations, the payment of the principal and interest

18-22 of which is unconditionally guaranteed by the United States of America.

18-23 (c) Obligations issued or guaranteed as to principal and interest by any

18-24 agency or person controlled or supervised by and acting as an

18-25 instrumentality of the United States of America pursuant to authority

18-26 granted by the Congress of the United States of America.

18-27 (d) Obligations issued or guaranteed by any state of the United States of

18-28 America, or any political subdivision of any such state.

18-29 (e) Prime commercial paper.

18-30 (f) Prime finance company paper.

18-31 (g) Bankers’ acceptances drawn on and accepted by commercial banks.

18-32 (h) Repurchase agreements fully secured by obligations issued or

18-33 guaranteed as to principal and interest by the United States of America or by

18-34 any person controlled or supervised by and acting as an instrumentality of

18-35 the United States of America pursuant to authority granted by the Congress

18-36 of the United States of America.

18-37 (i) Certificates of deposit issued by credit unions or commercial banks,

18-38 including banks domiciled outside of the United States of America.

18-39 (j) Money market mutual funds that:

18-40 (1) Are registered with the Securities and Exchange Commission;

18-41 (2) Are rated by a nationally recognized rating service as "AAA" or its

19-12 officio city treasurer, shall keep all money belonging to the city separate

19-13 from all other money held by him for any other purpose or fund and may,

19-14 when one or more insured banks , credit unions or [insured] savings and

19-15 loan associations are located in the city, deposit, with unanimous consent of

19-16 his bondsmen, city money in such banks , credit unions or savings and loan

19-17 associations in demand or time accounts. When no such banks , credit

19-18 unions or savings and loan associations exist in the city, he may deposit,

19-19 with the unanimous consent of his bondsmen, city money with any insured

19-20 bank, [or any insured] credit union or savings and loan association in the

19-21 State of Nevada in demand or time accounts.

19-22 2. The accounts must be kept in the name of the city in such manner as

19-23 the governing board of the city may prescribe and under such terms and

19-24 conditions for the protection of the money as the governing board may

19-25 determine, not inconsistent with other laws of the State of Nevada regulating

19-26 the deposit of public money.

19-27 3. The balances in banks , credit unions or savings and loan

19-28 associations, as certified to by the proper officer thereof, and by the oath of

19-32 any money under the control of its treasurer in any insured state or national

19-33 bank, [or in any insured] credit union or savings and loan association which

19-37 proceeds from the sale of bonds and special funds from the revenues of the

19-38 project be invested and reinvested in such securities and other investments,

19-39 whether or not any such investment or reinvestment is authorized under any

19-40 other law of this state, as provided in the proceedings under which the

19-41 bonds are authorized to be issued, including , but not limited to:

20-33 in the account must be used by the state treasurer [for the purpose of

20-34 providing] to provide advance money to state officers and employees for

20-35 travel expenses and subsistence allowances.

20-36 2. The state treasurer shall deposit the money in the account in a bank

20-37 or credit union qualified to receive deposits of public [funds,] money, and

20-38 the deposit must be secured by collateral satisfactory to the state board of

20-39 examiners.

20-40 3. The state treasurer or any of his officers or employees whom he has

20-41 designated for [the] this purpose may sign all checks and warrants drawn

21-3 employees’ retirement fund.

21-4 2. It is hereby declared to be the policy of the legislature that the public

21-5 employees’ retirement fund is a trust fund established to afford a degree of

21-6 security to long-time public employees of the state and its political

21-7 subdivisions. The money in the fund must not be used or appropriated for

21-8 any purpose incompatible with the policy of the public employees’

21-9 retirement system, as expressed in NRS 286.015. The fund must be invested

21-10 and administered to assure the highest return consistent with safety in

21-11 accordance with accepted investment practices.

21-12 3. The interest and income earned on the money in the public

21-13 employees’ retirement fund, after deducting any applicable charges, must be

21-14 credited to the fund.

21-15 4. Money in the public employees’ retirement fund must be expended

21-16 by the board for the purpose of paying:

21-17 (a) Service retirement allowances;

21-18 (b) Disability retirement allowances;

21-19 (c) Post-retirement allowances;

21-20 (d) Benefits for survivors;

21-21 (e) Authorized refunds to members and their beneficiaries;

21-22 (f) Amounts equivalent to disability retirement allowances to be used by

21-23 employers for rehabilitation; and

21-24 (g) Allowances to beneficiaries,

21-25 and for the payment of expenses authorized by law to be paid from the fund.

21-26 5. Contributions from members and from participating public

21-27 employers to the public employees’ retirement fund must be deposited in a

21-28 bank or credit union of reputable standing in the State of Nevada. Such

21-29 deposits must be secured in a manner satisfactory to the board.

21-30 6. All checks drawn upon the public employees’ retirement fund must

21-34 board may invest and reinvest the money in its funds as provided in this

21-35 section and NRS 286.682 and may employ investment counsel for that

21-36 purpose. The board may also employ investment supervisory services, trust

21-37 audit services and other related investment services which it deems

21-38 necessary to invest effectively and safeguard the money in the system’s

21-39 funds.

21-40 2. No person engaged in business as a broker or dealer in securities or

21-41 who has a direct pecuniary interest in any such business who receives

21-42 commissions for transactions performed as agent for the board is eligible for

22-29 municipal corporation, political subdivision, public corporation or other

22-30 public agency of the State of Nevada may:

22-31 (a) Adopt and carry into effect a system of group life, accident or health

22-32 insurance, or any combination thereof, for the benefit of its officers and

22-33 employees, and the dependents of officers and employees who elect to

22-34 accept the insurance and who, where necessary, have authorized the

22-35 governing body to make deductions from their compensation for the

22-36 payment of premiums on the insurance.

22-37 (b) Purchase group policies of life, accident or health insurance, or any

22-38 combination thereof, for the benefit of such officers and employees, and the

22-39 dependents of such officers and employees, as have authorized the purchase,

22-40 from insurance companies authorized to transact the business of such

22-41 insurance in the State of Nevada, and, where necessary, deduct from the

22-42 compensation of officers and employees the premiums upon insurance and

23-30 voluntarily acquire any interest, direct or indirect, except as a residential

23-31 tenant, in any housing project or in any property included or planned to be

23-32 included in any housing project, or in any contract or proposed contract in

23-33 connection with any housing project. Where the acquisition is not voluntary,

23-34 the commissioner or employee shall immediately disclose the interest in

23-35 writing to the authority and the disclosure must be entered upon the minutes

23-36 of the authority. Upon disclosure the commissioner or employee shall not

23-37 participate in any action by the authority involving the housing project,

23-38 property or contract. If any commissioner or employee of the authority

23-39 previously owned or controlled an interest, direct or indirect, in any housing

23-40 project or in any property included or planned to be included in any housing

23-41 project, or in any contract or proposed contract in connection with any

23-42 housing project, he shall immediately disclose the interest in writing to the

24-12 voluntarily acquire any interest, direct or indirect, except as a residential

24-13 tenant, in any housing project or in any property included or planned to be

24-14 included in any housing project, or in any contract or proposed contract in

24-15 connection with any housing project. Where the acquisition is not voluntary,

24-16 the commissioner or employee shall immediately disclose the interest in

24-17 writing to the authority and the disclosure must be entered upon the minutes

24-18 of the authority. Upon disclosure the commissioner or employee shall not

24-19 participate in any action by the authority involving the housing project,

24-20 property or contract. If any commissioner or employee of the authority

24-21 previously owned or controlled an interest, direct or indirect, in any housing

24-22 project or in any property included or planned to be included in any housing

24-23 project, or in any contract or proposed contract in connection with any

24-24 housing project, he shall immediately disclose the interest in writing to the

24-25 authority and the disclosure must be entered upon the minutes of the

24-26 authority. Upon disclosure the commissioner or employee shall not

24-27 participate in any action by the authority involving the housing project,

24-28 property or contract.

24-29 2. A violation of any provision of this section constitutes malfeasance in

24-30 office.

24-31 3. This section is not applicable to the acquisition of any interest in

24-32 notes or bonds of the authority issued in connection with any housing

24-33 project or the execution of agreements by [banking] financial institutions

24-34 for the deposit or handling of [funds] money in connection with a housing

24-38 1. A state or national bank or trust company [which] that is a member

24-39 of the Federal Deposit Insurance Corporation, including , without limitation

24-40 [any trust bank as herein defined.] , a branch of the Federal Reserve Bank.

24-41 2. A credit union whose deposits are insured by the National Credit

24-42 Union Share Insurance Fund or by a private insurer approved pursuant

25-3 1. A commercial bank as defined in NRS 349.160 [which bank] that is

25-4 authorized to exercise and is exercising trust powers . [and also means any]

25-5 2. A branch of the Federal Reserve Bank.

25-6 3. A credit union whose deposits are insured by the National Credit

25-7 Union Share Insurance Fund or by a private insurer approved pursuant

25-8 to NRS 678.755 that is authorized to exercise and is exercising trust

25-12 reasonable and necessary current expense of the state for the operation,

25-13 maintenance or administration of a project or of the collection and

25-14 administration of revenues from a project. The term includes, among other

25-15 expenses:

25-16 1. Expenses for engineering, auditing, reporting, legal services and

25-17 other expenses of the director which are directly related to the

25-18 administration of projects.

25-19 2. Premiums for fidelity bonds and policies of property and liability

25-20 insurance pertaining to projects, and shares of the premiums of blanket

25-21 bonds and policies which may be reasonably allocated to the state.

25-22 3. Payments to pension, retirement, health insurance and other

25-23 insurance funds.

25-24 4. Reasonable charges made by any paying agent, commercial bank,

25-25 credit union, trust company or other depository bank pertaining to any

25-26 bonds.

25-27 5. Services rendered under the terms of contracts, services of

25-28 professionally qualified persons, salaries, administrative expenses and the

25-29 cost of materials, supplies and labor pertaining to the issuance of any bonds,

25-30 including the expenses of any trustee, receiver or other fiduciary.

25-31 6. Costs incurred in the collection and any refund of revenues from the

25-35 1. Investment and reinvestment of the proceeds from the sale of bonds,

25-36 including, but not limited to:

25-37 (a) Bonds or other obligations of the United States of America.

25-38 (b) Bonds or other obligations, the payment of the principal and interest

25-39 of which is unconditionally guaranteed by the United States of America.

25-40 (c) Obligations issued or guaranteed as to principal and interest by any

25-41 agency or person controlled or supervised by and acting as an

25-42 instrumentality of the United States of America pursuant to authority

26-26 reasonable and necessary current expense of the state for the operation,

26-27 maintenance or administration of the financing or of the collection and

26-28 administration of revenues from the financing, and includes, but is not

26-29 limited to:

26-30 1. Expenses for engineering, auditing, reporting or legal services and

26-31 any other expense incurred by the director which are directly related to the

26-32 administration of the financing;

26-33 2. Premiums for fidelity bonds and policies of property and liability

26-34 insurance pertaining to the financing;

26-35 3. Premiums for blanket bonds and policies, or any portion of, which

26-36 may be reasonably allocated to the state;

26-37 4. Payments to pension, retirement and health insurance and other

26-38 insurance funds;

26-39 5. Reasonable charges by any paying agent, commercial bank, credit

26-40 union, trust company or other depository bank pertaining to any bonds;

27-9 1. Investment and reinvestment of the proceeds designated for the

27-10 account for venture capital from the sale of bonds, including, but not limited

27-11 to:

27-12 (a) Bonds or other obligations of the United States.

27-13 (b) Bonds or other obligations, the payment of the principal and interest

27-14 of which is unconditionally guaranteed by the United States.

27-15 (c) Obligations issued or guaranteed as to principal and interest by any

27-16 agency or person controlled or supervised by and acting as an

27-17 instrumentality of the United States pursuant to authority granted by the

27-18 Congress of the United States.

27-19 (d) Obligations issued or guaranteed by any state of the United States, or

27-20 any political subdivision of any state.

27-21 (e) Prime commercial paper.

27-22 (f) Prime finance company paper.

27-23 (g) Bankers’ acceptances drawn on and accepted by commercial banks.

27-24 (h) Repurchase agreements fully secured by obligations issued or

27-25 guaranteed as to principal and interest by the United States or by any person

27-26 controlled or supervised by and acting as an instrumentality of the United

27-27 States pursuant to authority granted by the Congress of the United States.

27-28 (i) Certificates of deposit issued by credit unions or commercial banks,

27-29 including banks domiciled outside of the United States.

27-30 (j) Money market mutual funds that:

27-31 (1) Are registered with the Securities and Exchange Commission;

27-32 (2) Are rated by a nationally recognized rating service as "AAA" or its

27-33 equivalent; and

27-34 (3) Invest only in securities issued or guaranteed as to payment of

27-35 principal and interest by the Federal Government, or its agencies or

27-36 instrumentalities, or in repurchase agreements that are fully collateralized by

27-37 such securities.

27-38 2. Receiving, holding and disbursing of proceeds of the sale of bonds

27-39 by one or more banks or trust companies located within or outside of this

27-40 state.

27-41 This section does not expand the authority for investing the proceeds of

28-3 reasonable and necessary current expense of the state for the operation,

28-4 maintenance or administration of a water project or of the collection and

28-5 administration of revenues from a water project. The term includes, among

28-6 other expenses:

28-7 1. Expenses for engineering, auditing, reporting, legal services and

28-8 other expenses of the director which are directly related to the

28-9 administration of water projects.

28-10 2. Premiums for fidelity bonds and policies of property and liability

28-11 insurance pertaining to water projects, and shares of the premiums of

28-12 blanket bonds and policies which may be reasonably allocated to the state.

28-13 3. Payments to pension, retirement, health insurance and other

28-14 insurance funds.

28-15 4. Reasonable charges made by any paying agent, commercial bank,

28-16 credit union, trust company or other depository bank pertaining to any

28-17 bonds.

28-18 5. Services rendered under the terms of contracts, services of

28-19 professionally qualified persons, salaries, administrative expenses and the

28-20 cost of materials, supplies and labor pertaining to the issuance of any bonds,

28-21 including the expenses of any trustee, receiver or other fiduciary.

28-22 6. Costs incurred in the collection and any refund of revenues from the

28-26 1. A state or national bank or trust company [which] that is a member

28-27 of the Federal Deposit Insurance Corporation, including , without limitation

28-28 [any trust bank as herein defined.] , a branch of the Federal Reserve Bank.

28-29 2. A credit union whose deposits are insured by the National Credit

28-30 Union Share Insurance Fund or by a private insurer approved pursuant

28-34 1. A commercial bank as defined in NRS 350.512 [which bank] that is

28-35 authorized to exercise and is exercising trust powers . [and also means any]

28-36 2. A branch of the Federal Reserve Bank.

28-37 3. A credit union whose deposits are insured by the National Credit

28-38 Union Share Insurance Fund or by a private insurer approved pursuant

28-39 to NRS 678.755 that is authorized to exercise and is exercising trust

29-3 of the cost of any lending project, including any incidental cost pertaining to

29-4 such a project. The cost of a lending project may include, without limitation,

29-5 the costs of:

29-6 1. Surveys, audits, preliminary plans, other plans, specifications,

29-7 estimates and other costs of preparations.

29-8 2. Appraising, printing, estimating, advice, services of engineers,

29-9 architects, financial consultants, attorneys, clerical personnel and other

29-10 agents and employees.

29-11 3. Publishing, posting, mailing and otherwise giving notice, filing or

29-12 recording instruments, taking options and fees to banks [.] and credit

29-13 unions.

29-14 4. Establishment of a reserve for contingencies.

29-15 5. Interest on state securities for any time which does not exceed 3

29-16 years, discounts on such state securities, reserves for the payment of the

29-17 principal of and interest on such securities, replacement expenses and other

29-18 costs of issuing such securities.

29-19 6. Amending any resolution or other instrument authorizing the

29-20 issuance of, or otherwise relating to, state securities for any lending project.

29-21 7. Funding medium-term obligations.

29-22 8. Financing the issuance of state securities and any other expenses

29-26 reasonable and necessary current expense of the state for the operation,

29-27 maintenance or administration of a lending project or of the collection and

29-28 administration of revenues therefrom. The term includes, without limitation:

29-29 1. Expenses for engineering, auditing, reporting, legal services and

29-30 other expenses of the state treasurer which are directly related to the

29-31 administration of lending projects.

29-32 2. Premiums for fidelity bonds and policies of property and liability

29-33 insurance pertaining to lending projects, and shares of the premiums of

29-34 blanket bonds and policies which may be reasonably allocated to lending

29-35 projects.

29-36 3. Payments to pension, retirement, health insurance and other

29-37 insurance funds.

29-38 4. Reasonable charges made by any paying agent, commercial bank,

29-39 credit union, trust company or other depository bank pertaining to any state