Nevada Administrative Code
Chapter 355 - Public Investments
INVESTMENTS IN COMPANIES WHICH BOYCOTT ISRAEL
Section 355.505 - Initial identification of scrutinized company; notice; written response; effect of failure to file response; determination on response
Current through December 12, 2024
1. Upon reviewing publicly available information regarding companies which are engaging in a boycott of Israel, the State Treasurer will initially identify any company in which a public fund has direct holdings or indirect holdings that appears to be a scrutinized company.
2. Within 30 days after the date on which the State Treasurer initially identifies a company as a scrutinized company pursuant to subsection 1, the State Treasurer will provide written notice to the company of that initial identification. Such notice will be sent by registered mail to the legal address of the company and will include, without limitation:
3. Within 30 days after the date on which a company receives notice pursuant to subsection 2, the company may submit a written response to the notice by registered mail to the Office of the State Treasurer. The response may include, without limitation:
4. If a company fails to respond within the period and in the manner prescribed in subsection 3, the company will be deemed to have admitted to being a scrutinized company and will be placed on the list of scrutinized companies when the list is next updated pursuant to subsection 3 of NRS 355.335.
5. Within 90 days after the date on which a response is received from a company pursuant to subsection 3, the State Treasurer will make a determination concerning the identification of a company as a scrutinized company. Notice of the determination will be sent by registered mail to the legal address of the company.
Added to NAC by St. Bd. of Finance by R141-18A, eff. 8/21/2019
NRS 355.350