Nevada Administrative Code

NAC 354.884 “Director” defined. (NRS 354.107) “Director” means the Executive Director of the Department. (Added to NAC by Com. on Local Gov’t Finance by R042-09, eff. 6-30-2010)

NAC 354.886 “Hearing officer” defined. (NRS 354.107) “Hearing officer” means any person the Committee may designate to hear a matter on behalf of the Committee. (Added to NAC by Com. on Local Gov’t Finance by R042-09, eff. 6-30-2010)

NAC 354.888 “Intervener” defined. (NRS 354.107) “Intervener” means a person or local government, other than an original party to a proceeding, who has secured an order from the Committee, Director or hearing officer granting leave to intervene in the proceeding. (Added to NAC by …

NAC 354.890 “Party” defined. (NRS 354.107) “Party” means a person or local government entitled or required to appear in a proceeding before the Committee. The term includes an intervener. (Added to NAC by Com. on Local Gov’t Finance by R042-09, eff. 6-30-2010)

NAC 354.892 “Staff” defined. (NRS 354.107) “Staff” means the staff of the Department. The term includes the Attorney General and his or her duly appointed deputies when acting as legal advisers to the Committee pursuant to NRS 228.110. (Added to NAC by Com. on Local Gov’t Finance…

NAC 354.894 Scope and construction of provisions; deviation from provisions. (NRS 354.107) 1. The provisions of NAC 354.880 to 354.942, inclusive: (a) Govern the practice and procedure for proceedings before the Committee to carry out the provisions of NRS 354.655 to 354.725, inc…

NAC 354.896 Hearings conducted by Committee or hearing officer; applicability of provisions. (NRS 354.107) 1. The Committee may hold a hearing on any issue presented to the Committee to carry out the provisions of NRS 354.655 to 354.725, inclusive, or assign a hearing officer to …

NAC 354.898 Pleadings; communications. (NRS 354.107) 1. All pleadings, including, without limitation, any complaints, petitions, answers, briefs, motions, affidavits and applications, must be addressed to the Department and not to individual members of the Committee or staff. All…

NAC 354.900 Transcripts. (NRS 354.107) 1. If a party desires a transcript of any hearing held by the Committee or a hearing officer, the party must furnish the reporter, pay for the transcript and deliver a copy of the transcript to the Director within 20 days after filing an app…

NAC 354.902 Interveners. (NRS 354.107) 1. A person or local government, other than an original party to a proceeding, who is directly and substantially affected by the proceeding and wishes to participate in the proceeding must secure an order from the Committee, Director or hear…

NAC 354.904 Rights of parties and staff at evidentiary hearings. (NRS 354.107) At any evidentiary hearing, the parties and staff may: 1. Call and examine witnesses. 2. Introduce exhibits relevant to the issues of the proceeding. 3. Cross-examine opposing witnesses on any matter r…

NAC 354.906 Representation of parties; qualifications of attorneys. (NRS 354.107) 1. A party may appear in person or as provided in subsection 2, or may be represented by an attorney, accountant or authorized representative. 2. A party, if other than a natural person, may appear:…

NAC 354.908 Hearings: Notice; location; telephone conference; duties of representatives; conduct required. (NRS 354.107) 1. Except as otherwise provided in subsection 5, not less than 10 days before the date set for a hearing, the staff shall serve notice of the place, date and t…

NAC 354.910 Prehearing conferences. (NRS 354.107) 1. Upon the motion of the Committee, the hearing officer or a party, the Committee or hearing officer may hold a prehearing conference for the purpose of formulating or simplifying the issues, obtaining admissions of fact or docum…

NAC 354.912 Continuances; recesses. (NRS 354.107) The Committee or hearing officer may, at the discretion of the Committee or hearing officer, either before or during a hearing, grant continuances or recesses. (Added to NAC by Com. on Local Gov’t Finance by R042-09, eff. 6-30-201…

NAC 354.914 Failure of party to appear. (NRS 354.107) At the time and place set for a hearing, if a party fails to appear, the Committee or hearing officer may, at the discretion of the Committee or hearing officer, dismiss the proceeding with or without prejudice or may recess t…

NAC 354.916 Burden of proof or explanation. (NRS 354.107) Any party required to appear before the Committee pursuant to: 1. NRS 354.665 to explain the reason that a document has not been filed has the burden of proving that the document was filed as required or providing an expla…

NAC 354.918 Presentation of evidence. (NRS 354.107) Evidence may be received in any manner ordered by the Committee or hearing officer, but will ordinarily be received from the parties in the following order: 1. Brief orientation by the staff; 2. Each party; 3. The staff; 4. Inte…

NAC 354.920 Admission of evidence; depositions; affidavits. (NRS 354.107) 1. In conducting a hearing, the Committee or hearing officer is not bound by technical rules of evidence. Any relevant evidence may be admitted, except where precluded by law, if it is of a type commonly re…

NAC 354.922 Official notice. (NRS 354.107) The Committee or hearing officer may take official notice of the following matters: 1. Rules, regulations, official reports, decisions and orders of the Committee and any regulatory agency of the State. 2. Matters of common knowledge and…

NAC 354.924 Briefs. (NRS 354.107) 1. In any proceeding, the Committee, Director or hearing officer may order briefs filed within such time as the Committee, Director or hearing officer allows. 2. Briefs must be filed with the Director or hearing officer and be accompanied by an a…

NAC 354.926 Orders for information. (NRS 354.107) The Committee may order any information it deems necessary to determine the matters before it. (Added to NAC by Com. on Local Gov’t Finance by R042-09, eff. 6-30-2010)

NAC 354.928 Hearing officer: Proposed decision; findings and conclusions. (NRS 354.107) 1. Not later than 60 days after the close of a hearing conducted by a hearing officer, the hearing officer shall file with the Committee a proposed decision that sets forth the findings and co…

NAC 354.930 Proposed decision of hearing officer: Written objection; reply to objection; action by Committee. (NRS 354.107) 1. Except as otherwise provided in this subsection, a party may file with the Committee a written objection to the proposed decision of a hearing officer no…

NAC 354.932 Hearing before Committee: Basis on record before hearing officer; determination that record is inadequate. (NRS 354.107) The hearing held before the Committee pursuant to NAC 354.930 must be based on the record made before the hearing officer. If the Committee determi…

NAC 354.934 Hearing before Committee: Action by Committee; issuance of written order. (NRS 354.107) 1. After the close of oral argument, the Committee will: (a) Make a final decision that adopts, reverses or modifies, in whole or in part, the proposed decision of the hearing offi…

NAC 354.936 Final decision of Committee. (NRS 354.107) 1. The staff shall, pursuant to the direction and with the approval of the Committee, prepare the Committee’s final decision on the issues presented in a hearing conducted by the Committee. The draft of each decision must be …

NAC 354.938 Petition for reconsideration: Grounds; filing and contents; answer; grant or denial. (NRS 354.107) 1. A party who believes that a decision of the Committee, or any portion thereof, is: (a) Unlawful; (b) Unreasonable; or (c) Based on findings or conclusions that are er…

NAC 354.940 Advisory opinions: Petition. (NRS 233B.120) 1. Any person may petition for an advisory opinion concerning matters within the jurisdiction of the Committee. 2. All petitions must be in writing, be addressed to the Director and set forth at least the following: (a) A st…

NAC 354.942 Advisory opinions: Form; contents; issuance; delivery; appeals. (NRS 233B.120) 1. Advisory opinions must: (a) Be written; (b) Include a statement of facts, question, analysis and opinion; (c) Be issued by the Director within 45 days after the filing of the petition un…

NAC 355.100 Loans from investment portfolios of certain cities or consolidated municipalities. (NRS 355.178) 1. The State Board of Finance will not authorize the governing body of a city or consolidated municipality whose population is 25,000 or more but less than 150,000 to lend…

NAC 355.200 Definitions. (NRS 355.285) As used in NAC 355.200 to 355.340, inclusive, unless the context otherwise requires, the words and terms defined in NAC 355.210, 355.220 and 355.230 have the meanings ascribed to them in those sections. (Added to NAC by St. Treasurer by R128…

NAC 355.210 “Board” defined. (NRS 355.285) “Board” means the Board of Directors of the Corporation. (Added to NAC by St. Treasurer by R128-11, eff. 2-20-2013)

NAC 355.220 “Corporation” defined. (NRS 355.285) “Corporation” means the Nevada Capital Investment Corporation formed by the State Treasurer pursuant to subsection 1 of NRS 355.270. (Added to NAC by St. Treasurer by R128-11, eff. 2-20-2013)

NAC 355.230 “Fund of Funds Manager” defined. (NRS 355.285) “Fund of Funds Manager” means the person selected by the Board pursuant to NAC 355.310 to assist the Corporation in making investments. (Added to NAC by St. Treasurer by R128-11, eff. 2-20-2013)

NAC 355.240 Corporation: Name; governance and officers; quorum; majority vote required to exercise power or function. (NRS 355.285) 1. The name of the corporation for public benefit formed by the State Treasurer pursuant to subsection 1 of NRS 355.270 is the Nevada Capital Invest…

NAC 355.250 Business Leadership Council: Establishment; members; powers. (NRS 355.285) 1. Pursuant to subsection 4 of NRS 355.285, the Business Leadership Council is hereby established. 2. The Board may appoint to the Business Leadership Council leaders of businesses located in t…

NAC 355.260 Confidentiality of information. (NRS 355.285) A member of the Board or an officer, employee or agent of the Corporation shall not disclose financial or proprietary information of a business seeking or receiving an investment from the Corporation, or otherwise related …

NAC 355.270 Duties of Board. (NRS 355.285) The Board shall: 1. Adopt a policy concerning the appropriate training of workers and the payment of fair wages and benefits by contractors retained by a business in which the Corporation directly invests. The officers of the Corporation…

NAC 355.280 Duties of officers of Corporation. (NRS 355.285) The officers of the Corporation shall: 1. Maintain custody of all funds, securities, contracts, bills of exchange and promissory notes of the Corporation, and any assignments of property or money, stocks, bonds, certifi…

NAC 355.290 Standard of conduct in discharge of duties and making decisions concerning investments; conflicts of interest; Corporation may not finance or influence political activities. (NRS 355.285) 1. Members of the Board and officers, employees and agents of the Corporation sh…

NAC 355.300 Authorized sources of money; agreements with public or private investors; restriction on acceptance of certain investments. (NRS 355.285) 1. The Corporation may obtain money from: (a) The State Permanent School Fund which is transferred to the Corporation by the State…

NAC 355.310 Fund of Funds Manager: Selection; duties; fee structure. (NRS 355.285) 1. In accordance with chapter 333 of NRS and chapter 333 of NAC, the officers of the Corporation shall prepare a request for proposals for the selection of the Fund of Funds Manager and coordinate …

NAC 355.320 Use of earnings of certain funds to defray fees of Fund of Funds Manager. (NRS 355.285) To defray any administrative or management fees charged by the Fund of Funds Manager pursuant to the contract between the Corporation and the Fund of Funds Manager, the Corporation…

NAC 355.330 Requirements relating to private equity funds in which Corporation invests. (NRS 355.285) 1. Private equity funds in which the Corporation invests: (a) May include qualified private equity funds with an emphasis in venture capital, growth capital, buyout investments, …

NAC 355.340 Placement of investments and co-investments; commitment of money for investment opportunities; policies and procedures governing investments. (NRS 355.285) 1. Subject to the requirements of this section, upon the approval of a two-thirds majority of the members of the…

NAC 355.500 Publicly available information State Treasurer will review and rely upon in identifying scrutinized companies. (NRS 355.350) The publicly available information regarding companies which are engaging in a boycott of Israel that the State Treasurer will review and rely …