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 357.010 – Definitions.
As used in this chapter, unless the context otherwise requires, the words and terms defined in NRS 357.020 to 357.030, inclusive, have the meanings ascribed to them in those sections. (Added to NRS by 1999, 824; A 2013, 1044)
NRS 357.020 – “Claim” defined.
1. “Claim” means any request or demand, regardless of whether it is made under a contract or otherwise, for money, property or services, regardless of whether the State or a political subdivision has title to the money or property, that is: (a) Presented to an officer, employee or agent of this state or of a […]
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 State or of any political subdivision thereof, or for any such public officer knowingly to accept, any depository bond of any surety company for the security of any public money deposited or to be deposited by […]
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 the bond, no stockholder or director of the surety company furnishing the bond is a stockholder, member […]
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