349.855 - Director: Establishment of funds and accounts; investments and deposits. - Nevada Statutes

349.855  Director: Establishment of funds and accounts; investments and deposits.  The Director may:

      1.  Establish such funds or accounts as may be necessary or desirable for carrying out the provisions of NRS 349.700 to 349.870, inclusive.

      2.  Subject to any agreement with the holders of the bonds, invest or deposit any money received or held by the Director pursuant to NRS 349.700 to 349.870, inclusive. The Director is not required to deposit this money in the State Treasury and the provisions of chapters 355 and 356 of NRS do not apply to any investments or deposits made pursuant to this subsection.

      (Added to NRS by 1985, 2020)