Nevada Administrative Code
Chapter 355 - Public Investments
INVESTMENTS IN COMPANIES WHICH BOYCOTT ISRAEL
Section 355.525 - Duties of State Treasurer to monitor direct investment of assets and take certain action based on maturity date of investment
Current through December 12, 2024
Except as otherwise provided in subsection 2 of NRS 355.345, if the maturity date of any direct investment of assets under the management of the State Treasurer:
1. Does not extend more than 3 months after the date on which a company is identified as a scrutinized company, the State Treasurer will monitor the investment until the date on which the security matures and not extend or reinvest with the scrutinized company until the company is no longer identified as a scrutinized company.
2. Extends more than 3 months after the date on which a company is identified as a scrutinized company, the State Treasurer will analyze the complexity of the investment and develop a divestment plan. Such a plan will be based on prudent divestment strategy that preserves the principal value of the investment.
Added to NAC by St. Bd. of Finance by R141-18A, eff. 8/21/2019
NRS 355.350
