353B.150 - Administration by State Treasurer; duties and powers of State Treasurer. - Nevada Statutes

353B.150  Administration by State Treasurer; duties and powers of State Treasurer.

      1.  The State Treasurer shall administer the trust fund.

      2.  As Administrator of the Trust Fund, the State Treasurer:

      (a) Shall maintain the financial records of the Trust Fund;

      (b) Shall invest the property in the Trust Fund pursuant to the policies for investment established by the Board pursuant to NRS 353B.160;

      (c) Shall manage any account associated with the Trust Fund;

      (d) Shall maintain any instruments that evidence investments made with property from the Trust Fund;

      (e) May contract with vendors for any good or service that is necessary to carry out the provisions of NRS 353B.010 to 353B.190, inclusive;

      (f) May hire such employees as are necessary to carry out the provisions of NRS 353B.010 to 353B.190, inclusive, who must be paid out of the assets of the Trust Fund; and

      (g) May perform any other duties necessary to administer the Trust Fund.

      (Added to NRS by 1997, 3483; A 2001, 2163, 2166)