Nevada Administrative Code

NAC 355.520 Factors for consideration by State Treasurer when determining whether to adopt certain findings. (NRS 355.350) When determining whether to adopt the findings described in subsection 2 of NRS 355.345, the State Treasurer will consider, without limitation, investment sa…

NAC 355.525 Duties of State Treasurer to monitor direct investment of assets and take certain action based on maturity date of investment. (NRS 355.350) Except as otherwise provided in subsection 2 of NRS 355.345, if the maturity date of any direct investment of assets under the …

NAC 356.010 Definitions. (NRS 356.390) As used in NAC 356.010 to 356.180, inclusive, unless the context otherwise requires, the words and terms defined in NAC 356.020 to 356.090, inclusive, have the meanings ascribed to them in those sections. (Added to NAC by St. Treasurer by R0…

NAC 356.020 “Acceptable securities” defined. (NRS 356.390) “Acceptable securities” has the meaning ascribed to it in subsection 2 of NRS 356.360. (Added to NAC by St. Treasurer by R028-04, eff. 6-30-2004)

NAC 356.030 “Collateral pool” defined. (NRS 356.390) “Collateral pool” means the method of securing the repayment of the uninsured balances of the deposits of a participating public depositor at a depository through the total collateral pledged at a third-party depository for the…

NAC 356.040 “Depository” defined. (NRS 356.390) “Depository” has the meaning ascribed to it in NRS 356.310. (Added to NAC by St. Treasurer by R028-04, eff. 6-30-2004)

NAC 356.050 “File transfer protocol” defined. (NRS 356.390) “File transfer protocol” means the communications protocol approved by the State Treasurer governing the transfer of files from the computer of a public depositor, depository or third-party depository to a computer at th…

NAC 356.060 “Local government” defined. (NRS 356.390) “Local government” has the meaning ascribed to it in NRS 356.320. (Added to NAC by St. Treasurer by R028-04, eff. 6-30-2004)

NAC 356.070 “Public depositor” defined. (NRS 356.390) “Public depositor” means the State or a local government that deposits public money with a depository. (Added to NAC by St. Treasurer by R028-04, eff. 6-30-2004)

NAC 356.080 “Public money” defined. (NRS 356.390) “Public money” has the meaning ascribed to it in NRS 356.330. The term includes, without limitation, savings deposits and demand deposits. (Added to NAC by St. Treasurer by R028-04, eff. 6-30-2004)

NAC 356.090 “Third-party depository” defined. (NRS 356.390) “Third-party depository” has the meaning ascribed to it in NRS 356.340. (Added to NAC by St. Treasurer by R028-04, eff. 6-30-2004)

NAC 356.100 Adoption by reference of Operating Circulars of Federal Reserve Banks. (NRS 356.350, 356.390) 1. The State Treasurer hereby adopts by reference the Operating Circulars of the Federal Reserve Banks. These publications are available, free of charge, from the Federal Res…

NAC 356.110 Collateral pools: General requirements for participation by public depositor. (NRS 356.350, 356.390) 1. To participate in a collateral pool at a depository, a public depositor must notify the depository on a form approved by the State Treasurer. The public depositor m…

NAC 356.120 Collateral pools: Required agreements. (NRS 356.350, 356.360, 356.390) 1. A depository that receives notification from a public depositor that wishes to participate in a collateral pool at the depository pursuant to NAC 356.110 shall execute an agreement with the Stat…

NAC 356.130 Collateral pools: Pledges, releases and substitutions of securities. (NRS 356.350, 356.360, 356.390) 1. Except when the third-party depository is the Federal Reserve Bank: (a) If a depository that maintains a collateral pool wishes to pledge additional security to the…

NAC 356.140 Collateral pools: Reports by depositories. (NRS 356.350, 356.360, 356.390) 1. Each depository that maintains a collateral pool shall submit to the State Treasurer: (a) A daily report of the total balance of public money held at the depository in the accounts of public…

NAC 356.150 Collateral pools: Reports by third-party depositories. (NRS 356.350, 356.390) 1. Each third-party depository other than the Federal Reserve Bank shall submit to the State Treasurer: (a) A daily report of any pledge, release or substitution of security pursuant to NAC …

NAC 356.160 Collateral pools: Duties of State Treasurer. (NRS 356.350, 356.360, 356.390) For the purposes of carrying out NRS 356.300 to 356.390, inclusive, the State Treasurer will: 1. Ensure that: (a) An agreement to pledge and maintain collateral against the uninsured deposits…

NAC 356.170 Collateral pools: Withdrawal of public depositor. (NRS 356.350, 356.360, 356.390) 1. A public depositor may withdraw from a collateral pool at a depository by providing written notification of its intent to withdraw to the State Treasurer and the depository, including…

NAC 356.180 Collateral pools: Administrative fines. (NRS 356.350, 356.360, 356.390) The State Treasurer will impose an administrative fine not to exceed: 1. One hundred dollars per day against a depository that willfully fails to submit a report required pursuant to NAC 356.140 b…

NAC 360.010 Definitions. As used in this chapter, unless the context otherwise requires, the words and terms defined in NAC 360.015 to 360.040, inclusive, have the meanings ascribed to them in those sections. (Supplied in codification)

NAC 360.015 “Board” defined. (NRS 360.090) “Board” means the State Board of Equalization. [Tax Comm’n, Practice Rule No. 7, eff. 11-15-77]

NAC 360.020 “Commission” defined. (NRS 360.090) “Commission” means the Nevada Tax Commission. [Tax Comm’n, Practice Rule No. 8, eff. 11-15-77]

NAC 360.025 “Department” defined. (NRS 360.090) “Department” means the Department of Taxation. [Tax Comm’n, Practice Rule No. 9, eff. 11-15-77]

NAC 360.030 “Director” defined. (NRS 360.090) “Director” means the Executive Director of the Department. [Tax Comm’n, Practice Rule No. 10, eff. 11-15-77]

NAC 360.035 “Hearing officer” defined. (NRS 360.090) “Hearing officer” means the Director or any other person the Commission may designate. [Tax Comm’n, Practice Rule No. 11, eff. 11-15-77]

NAC 360.040 “Staff” defined. (NRS 360.090) “Staff” means the staff of the Department. [Tax Comm’n, Practice Rule No. 16, eff. 11-15-77]

NAC 360.042 Taxpayers’ Bill of Rights: Publication and distribution of informational pamphlet; written instructions concerning rights and responsibilities of taxpayers; periodical newsletter with information on common errors; timely response to request of taxpayer; agreements for…

NAC 360.043 Scope; construction; deviation. (NRS 360.090) 1. The provisions of NAC 360.043 to 360.200, inclusive: (a) Govern the practice and procedure in contested cases before the Commission and Department. (b) Govern all practice and procedure before the Commission or Departme…

NAC 360.045 Communications. (NRS 360.090) 1. All pleadings, including, but not limited to, complaints, petitions, answers, briefs, motions, affidavits and applications, should be addressed to the Director and not to individual members of the Commission or its staff. All pleadings…

NAC 360.050 Fees and remittances. (NRS 360.090) 1. Fees and remittances to the Department must be by money order, bank draft or check payable to the Department. 2. Remittances in currency or coin are wholly at the risk of the remitter and the Department assumes no responsibility …

NAC 360.055 Hearing calendar; notice of meetings of Commission. (NRS 360.090) 1. A hearing calendar will be maintained by the Director and current assignments for hearings will be made from the calendar. A current copy of the hearing calendar will be posted at all of the offices …

NAC 360.056 Testimony must be under oath. (NRS 360.090) Oral evidence will be taken only upon oath or affirmation administered by the hearing officer, Director or a Commissioner. Before taking the witness stand, each person must swear, or affirm, that the testimony he or she is a…

NAC 360.057 Certificate of service. (NRS 360.090) With all documents required to be served, an acknowledgment of service or a certificate in substantially the following form must be included: I hereby certify that I have this day served the foregoing document upon all parties of …

NAC 360.058 Transcripts. (NRS 360.090) 1. If a transcript of any hearing held before the Commission or the hearing officer is desired by the petitioner or appellant, he or she must furnish the reporter, pay for the transcript and deliver a copy of the transcript to the Director w…

NAC 360.060 Meetings and hearings: Conduct required; smoking prohibited. (NRS 360.090) 1. A person appearing in a proceeding shall conform to the recognized standards of ethical and courteous conduct. 2. Smoking is prohibited during all meetings of the Commission and hearings bef…

NAC 360.065 Classification of parties. (NRS 360.090) 1. “Appellant” means any party appealing to the Commission from a decision of the hearing officer. 2. “Intervener” means a person or local government other than the original party to the proceeding who is directly and substanti…

NAC 360.070 Interveners. (NRS 360.090, 360.245) 1. A person or local government other than the original party to any proceeding who is directly and substantially affected by the proceeding must secure an order from the Commission or the hearing officer granting leave to intervene…

NAC 360.080 Rights of petitioner and staff at evidentiary hearing. (NRS 360.090) At any evidentiary hearing, the petitioner and staff may: 1. Call and examine witnesses. 2. Introduce exhibits relevant to the issues of the case. 3. Cross-examine opposing witnesses on any matter re…

NAC 360.085 Representation of parties; qualifications of attorneys. (NRS 360.090) Appearances and representation of parties must be made as follows: 1. A party may appear in person, as provided in subsection 2, or may be represented by an attorney, an accountant or an authorized …

NAC 360.090 Representation of parties and appearance as expert witness by former employee of Department or Attorney General’s Office limited. (NRS 360.090) 1. No former employee of the Department or member of the Attorney General’s staff may, at any time after severing his or her…

NAC 360.095 Notice; location. (NRS 360.090, 360.370) 1. Hearings will be held before the Director or other designated hearing officer. Except as provided in subsection 3, notice of the place, date and hour of the hearing will be served at least 10 days before the date set for the…

NAC 360.096 Petition for redetermination in contested case; issues. (NRS 360.090, 360.360, 360.370) If a person files a petition for a redetermination in a contested case, all contested issues involved in the case shall be deemed to have been raised in the petition. (Added to NAC…

NAC 360.100 Prehearing conferences. (NRS 360.090, 360.370) 1. The hearing officer may, upon his or her own motion or the motion of a party, hold a prehearing conference for the purpose of formulating or simplifying the issues, obtaining admissions of fact or documents which will …

NAC 360.120 Continuances; recesses. (NRS 360.090, 360.370) The hearing officer may, in his or her discretion, either before or during a hearing, grant continuances or recesses. [Tax Comm’n, Practice Rule No. 41, eff. 11-15-77]—(NAC A 1-12-96)

NAC 360.125 Failure of party to appear. (NRS 360.090, 360.370) At the time and place set for the hearing, if a party fails to appear, the hearing officer may, in his or her discretion, dismiss the proceeding with or without prejudice or may recess the hearing for a period of time…

NAC 360.130 Burden of proof; presentation of evidence. (NRS 360.090, 360.370) 1. Any person seeking a redetermination or adjustment of any tax, tax liability or the amount of any tax paid, or of an assessment for tax purposes has the burden of proof in any evidentiary hearing ord…