Title 31

NRS 356.015 Time certificates of deposit: Establishment of rate of interest; warrants; inactive deposits. 1. The State Treasurer shall establish the rate of interest to be paid on the maturity of each time certificate of deposit. 2. The State Treasurer shall make all such deposit…

NRS 356.020 Collateral for uninsured deposits: Types; pledge; fair market value; review; reports by depository; deposit of additional securities. 1. All money deposited by the State Treasurer which is not within the limits of insurance provided by an instrumentality of the United…

NRS 356.025 Requirements for use of first mortgage or first deed of trust as collateral. 1. To be accepted as collateral for a deposit of money by the State Treasurer, first mortgages or first deeds of trust must be on real property which is located in this state and is used for …

NRS 356.030 Procedure for sale of securities if depository fails to pay deposit on demand. 1. If any insured banks, insured credit unions, insured savings and loan associations or insured savings banks fail to pay any deposit or deposits, or any part thereof, on demand of the Sta…

NRS 356.040 Depository to furnish statements of account and evidence of checks. At the close of business at the end of each month and at any other time, upon demand of the State Treasurer, every depository bank, credit union, savings and loan association or savings bank shall: 1.…

NRS 356.050 Liability of State Treasurer if depository fails or becomes insolvent; deposit of collateral or security for safekeeping. 1. Where the State Treasurer, in accordance with the terms and provisions of NRS 356.010 to 356.110, inclusive, has deposited and kept on deposit …

NRS 356.070 Withdrawal of deposits; contents of register of checks and orders required to be kept by State Treasurer. 1. Deposits are subject to withdrawal upon demand of the State Treasurer at any time without previous notice, but no withdrawal of such deposit or deposits, excep…

NRS 356.080 State Controller’s warrant. 1. Whenever any warrant of the State Controller is presented to the State Treasurer for payment, the warrant becomes a check or order of the State Treasurer if the State Treasurer endorses thereon the name of the insured depository bank, in…

NRS 356.083 Calls from inactive deposits; waiver of interest. Subject to the applicable contract with the depositary, the State Treasurer may call in money from inactive deposits, waiving interest thereon if required, and place it in active deposits when necessary to meet current…

NRS 356.085 Interest on deposits: Contract; amount. The interest to be paid by a depository bank, credit union, savings and loan association or savings bank must be paid in accordance with the contract made with the State Treasurer and in an amount determined by the rates establi…

NRS 356.087 Interest to be deposited in State General Fund; exceptions. 1. Except as provided in subsections 2, 3 and 4 or in a specific statute, all interest paid on money belonging to this State must be deposited in the State General Fund. 2. Interest earned and received on any…

NRS 356.090 Depository at state capital may be relieved of payment of interest on deposits. In consideration of no exchange or collection charges being made on checks or coupons of, or remittance to, the State, any insured banks, insured credit unions, insured savings and loan as…

NRS 356.105 Depository not required to accept state deposits. The provisions of NRS 356.010 to 356.090, inclusive, do not require any depository to accept state deposits. (Added to NRS by 1959, 571; A 1979, 11; 2009, 2656)

NRS 356.110 Penalties. A state officer or employee who willfully violates: 1. NRS 356.011 is guilty of a misdemeanor. 2. Any of the other provisions of NRS 356.010 to 356.090, inclusive, is guilty of malfeasance in office which is a category D felony and shall be punished as prov…

NRS 356.120 Conditions for deposit in demand accounts. A county treasurer may: 1. When one or more insured banks, insured credit unions, insured savings and loan associations or insured savings banks are located in the county, deposit county money in such insured banks, credit un…

NRS 356.125 Written consent of board of county commissioners required for deposits in time accounts; contracts for time accounts; depository not required to accept county deposits. 1. A county treasurer may deposit county money in insured depository banks, insured credit unions, …

NRS 356.127 Conditions for deposit in insured deposit accounts; redeposit of uninsured amounts. 1. In addition to deposits authorized by NRS 356.120 and 356.125, a county treasurer may enter into an agreement to: (a) If one or more insured banks, insured credit unions, insured sa…

NRS 356.130 Release of county treasurer’s bondsmen. Whenever the written consent of any bondsman or bondsmen to deposit the county money in any insured banks, credit unions, savings and loan associations or savings banks has not been obtained, the bondsman or bondsmen must, upon …

NRS 356.133 Collateral required for uninsured deposits: Types; pledge; fair market value; review; reports by depository; deposit of additional securities. 1. All money deposited by a county treasurer that is not within the limits of insurance provided by an instrumentality of the…

NRS 356.135 Procedure for sale of securities if depository fails to pay deposit on demand. 1. If an insured bank, insured credit union, insured savings and loan association or insured savings bank fails to pay a deposit, or any part thereof, on demand of the county treasurer, the…

NRS 356.140 Demand, time and insured deposit accounts to be kept in name of county; balances accounted for as cash. 1. Demand accounts authorized by NRS 356.120, time accounts authorized by NRS 356.125 and insured deposit accounts authorized by NRS 356.127 must be kept in the nam…

NRS 356.150 Withdrawal of deposits. All money deposited in an insured bank, insured credit union, insured savings and loan association or insured savings bank by the county treasurer may be drawn out by a check or order of the county treasurer at any time without previous notice,…

NRS 356.160 Requirements for payment of warrant of county auditor. A warrant of the county auditor is a check or order of the county treasurer, and must be paid by the depository bank, credit union, savings and loan association or savings bank designated thereon, if the warrant i…

NRS 356.170 Contents of register of checks and orders required to be kept by county treasurer. The county treasurer shall keep a register that shows separately the amount of county money on deposit with every insured depository bank, credit union, savings and loan association or …

NRS 356.180 Endorsement of county auditor’s warrant by county treasurer. If a warrant of the county auditor is presented to the county treasurer for payment, the warrant becomes a check or order of the county treasurer if the county treasurer endorses thereon the name of the insu…

NRS 356.190 Liability of county treasurer if depository fails or becomes insolvent; deposit of collateral or security for safekeeping. 1. Where the county treasurer, in accordance with the terms and provisions of NRS 356.120 to 356.180, inclusive, has deposited and kept on deposi…

NRS 356.200 Deposit of county money in bank, credit union, savings and loan association or savings bank by other county officers. 1. With unanimous consent of his or her bondsmen, a county officer, other than a county treasurer, may deposit county money received by the office of …

NRS 356.210 Stockholder, member or director of bank, credit union, savings and loan association or savings bank may not be stockholder or director of surety company. It is unlawful for any person, firm, company or corporation knowingly to deliver to any public officer of this Sta…

NRS 356.220 Certificate to be attached to depository bond. A public officer shall not accept any such depository bond unless there is attached thereto a certificate, under oath, of some authorized officer or agent of the surety company to the effect that, at the time of executing…

NRS 356.230 Penalty. Any person, firm, company or corporation violating any of the provisions of NRS 356.210 and 356.220 shall be guilty of a misdemeanor. [3:98:1933; 1931 NCL § 5232.02] PROGRAM TO MONITOR COLLATERAL MAINTAINED BY CERTAIN DEPOSITORIES

NRS 356.300 Definitions. As used in NRS 356.300 to 356.390, inclusive, unless the context otherwise requires, the words and terms defined in NRS 356.305 to 356.340, inclusive, have the meanings ascribed to them in those sections. (Added to NRS by 2003, 20th Special Session, 285; …

NRS 356.305 “Acceptable securities” defined. “Acceptable securities” means the securities described in: 1. Subsection 1 of NRS 356.020; and 2. Subsection 1 of NRS 356.133. (Added to NRS by 2007, 918)

NRS 356.310 “Depository” defined. “Depository” means an insured state or national bank, insured savings and loan association, insured savings bank or insured credit union in this State in which public money is held on deposit. The term does not include a third-party depository. (…

NRS 356.330 “Public money” defined. 1. “Public money” means all money deposited with a depository by any of the following: (a) The State Treasurer. (b) An official custodian with plenary authority, including control over money belonging to, or held for the benefit of, the State o…

NRS 356.340 “Third-party depository” defined. “Third-party depository” means a trust company, a broker-dealer registered under 15 U.S.C. § 78o(b)(1) or trust department of a state, national or federal reserve district bank which is authorized to hold acceptable securities on beha…

NRS 356.350 Establishment. The State Treasurer shall establish a program for the monitoring of collateral maintained by a depository for the uninsured balances of public money upon the request of the public entity that deposited the public money with the depository. (Added to NRS…

NRS 356.360 Amount of required collateral; limitation on amount of public money held; reports; administrative fine. The program established pursuant to NRS 356.350 must provide that: 1. Each depository that participates in the program is required to maintain as collateral accepta…

NRS 356.370 Levy of assessment; notice regarding assessment. 1. Once each fiscal year, the State Treasurer shall levy a pro rata assessment against each depository that participated in the program established pursuant to NRS 356.350 at any time during the immediately preceding fi…

NRS 356.380 Payment of assessment; administrative fine for failure to pay. 1. A depository shall, within 45 days after the date on which the depository received the notice provided pursuant to subsection 3 of NRS 356.370, remit to the State Treasurer the amount of the assessment …

NRS 356.390 Regulations. The State Treasurer shall adopt such regulations as he or she determines are necessary to carry out the provisions of NRS 356.300 to 356.390, inclusive. (Added to NRS by 2003, 20th Special Session, 286)