2001 REGULAR SESSION (71st)                                                                       A SB487 R2 787

Amendment No. 787

 

Assembly Amendment to Senate Bill No. 487  Second Reprint                                           (BDR 31‑359)

Proposed by: Committee on Government Affairs

Amendment Box: Resolves conflict with A.B. No. 96.

Resolves Conflicts with: AB96

Amends:         Summary:               Title:               Preamble:               Joint Sponsorship:

 

ASSEMBLY ACTION              Initial and Date              |SENATE ACTION                        Initial and Date

       Adopted       Lost                                               |          Adopted       Lost                                           

Concurred In                     Not                                                        |Concurred In  Not                                 

       Receded        Not                                               |         Receded        Not                                           

 

     Amend sec. 3, page 6, by deleting lines 17 and 18 and inserting:

     “355.170  1.  Except as otherwise provided in this section, NRS 354.750 and section 1 of [this act,] Assembly Bill No. 96 of this session, a board of county commissioners, a board of trustees of a county”.

     Amend sec. 3, page 6, line 42, after “(g)” by inserting:

“Nonnegotiable certificates of deposit issued by insured commercial banks, insured credit unions or insured savings and loan associations, except certificates that are not within the limits of insurance provided by an instrumentality of the United States, unless those certificates are collateralized in the same manner as is required for uninsured deposits by a county treasurer pursuant to NRS 356.133. For the purposes of this paragraph, any reference in NRS 356.133 to a “county treasurer” or “board of county commissioners” shall be deemed to refer to the appropriate financial officer or governing body of the county, school district or city purchasing the certificates.

     (h)”.

     Amend sec. 3, page 6, line 45, by deleting “(h)” and inserting “(i)”.

     Amend sec. 3, page 7, line 3, by deleting “(i)” and inserting “(j)”.

     Amend sec. 3, page 7, line 8, by deleting “(j)” and inserting “(k)”.

     Amend sec. 3, page 7, line 21, by deleting “(k)” and inserting “(l)”.

     Amend sec. 3, page 7, by deleting lines 25 through 27 and inserting:

          “(3) Invest only in:

               (I) Securities issued by the Federal Government or agencies of the Federal Government;

               (II) Master notes, bank notes or other short-term commercial paper rated by a nationally recognized rating service as “A-1,” “P-1” or its equivalent, or better, issued by a corporation organized and operating in the United States or by a depository institution licensed by the United States or any state and operating in the United States; or

               (III) Repurchase agreements that are fully collateralized by the obligations described in sub-subparagraphs (I) and (II).”.

     Amend sec. 3, page 7, line 28, by deleting “(l)” and inserting “(m)”.

     Amend sec. 8, page 14, by deleting line 44 and inserting:

     “Sec. 8. 1.  This section and sections 1, 2 and 4 to 7, inclusive, of this act become effective on July 1, 2001.

     2.  Section 3 of this act becomes effective at 12:01 a.m. on July 1, 2001.”.