Nevada Administrative Code

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 …

NAC 355.505 Initial identification of scrutinized company; notice; written response; effect of failure to file response; determination on response. (NRS 355.350) 1. Upon reviewing publicly available information regarding companies which are engaging in a boycott of Israel, the St…

NAC 355.510 Notice of appeal by scrutinized company; hearing; effect of reversal or affirmation of determination. (NRS 355.350) 1. Within 10 days after the date on which a company received notice of the determination that it was identified as a scrutinized company pursuant to sub…

NAC 355.515 Removal of company from list of scrutinized companies: Procedure; request; submission of evidence; notice of determination; effect of removal from list. (NRS 355.350) 1. A scrutinized company may be removed from the list of scrutinized companies created pursuant to NR…

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…