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. (Added to NRS by 2003, 20th Special Session, 285)
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 or any of its political subdivisions, public corporations, municipal corporations, courts, or public agencies, boards, […]
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 behalf of a depository for the benefit of a collateral pool pursuant to regulations adopted by the State Treasurer under NRS […]
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 by 2003, 20th Special Session, 285; A 2019, 670)
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 acceptable securities having a fair market value that is at least 102 percent of the amount of the uninsured balances of the public money held by the depository; 2. A depository […]
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 fiscal year. 2. The amount of the assessment levied pursuant to subsection 1 must be based on the average weekly deposits […]
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 levied against the depository. 2. The State Treasurer may impose an administrative fine not exceeding $500 per day against a […]
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)
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 356.160 – 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 is registered and countersigned, and the bank, credit union, savings and loan association or savings bank has been […]