Nevada Administrative Code
Chapter 355 - Public Investments
INVESTMENTS AND LOANS BY LOCAL GOVERNMENTS
Section 355.100 - Loans from investment portfolios of certain cities or consolidated municipalities
Current through December 12, 2024
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 securities from its investment portfolio pursuant to NRS 355.178 unless the city or consolidated municipality:
2. If all securities received as collateral from the borrower and investments of cash received as collateral from the borrower are limited to instruments issued by the Federal Government and its agencies and to repurchase agreements and money market accounts based upon such instruments, and those instruments, agreements and accounts will mature no later than the contractual return date of the loaned securities, the agent must:
3. If any securities received as collateral from the borrower or investments of cash received as collateral from the borrower are not limited to the instruments, agreements and accounts described in subsection 2, the agent must:
Added to NAC by St. Bd. of Finance by R069-09, eff. 10-27-2009
NRS 355.178