356.011 - Requirements for account of state agency in bank, credit union or savings and loan association. - Nevada Statutes

356.011  Requirements for account of state agency in bank, credit union or savings and loan association.

      1.  A state agency which opens an account in a bank, credit union or savings and loan association must first obtain the approval of the State Board of Finance, except in cases where the account is specifically authorized by statute.

      2.  The titles of the accounts must indicate that the account is in the name of the State of Nevada.

      3.  The State Treasurer shall keep a list of all state accounts in banks, credit unions or savings and loan associations, whether they are maintained within or outside the State. The list must contain:

      (a) The names of those financial institutions with which state agencies have accounts, and the names of those agencies.

      (b) The names of those state agencies which have accounts with banks, credit unions and savings and loan associations, and the names of those financial institutions.

      4.  Each state agency shall send to the State Controller at the end of each fiscal year a copy of the statement of account for each account it maintains with a bank, credit union or savings and loan association, and other related documents which reconcile the account to the agency’s books.

      (Added to NRS by 1979, 11; A 1981, 1365)