662.075 - Investments authorized as security for deposits of public money. - Nevada Statutes

662.075  Investments authorized as security for deposits of public money.

      1.  Notwithstanding any restrictions or limitations on securities for deposits of public money contained in any law of this state, the bonds, debentures, securities or other similar obligations issued pursuant to:

      (a) The Federal Farm Loan Act, as amended;

      (b) The Farm Credit Act of 1933, as amended;

      (c) The Federal Home Loan Bank Act of 1932, as amended;

      (d) The Farm Credit Act of 1971, 12 U.S.C. §§ 2001 to 2259, inclusive, as now or hereafter amended; and

      (e) Any other federal act or authority, the bonds, debentures, securities or other similar obligations of which have been approved by the Commissioner for investment,

Ê are, without limitation, authorized securities for all deposits of public money for the State of Nevada, of agencies of the State of Nevada, of counties of the State of Nevada, and of municipalities and other political subdivisions of the State of Nevada.

      2.  This section is cumulative to all other laws relating to securities for deposits of public money.

      (Added to NRS by 1971, 982; A 1973, 1093; 1983, 1738; 1987, 1914)