Nevada Revised Statutes Title 21. Cities and Towns § 268.025. Deposit of money of city or other local government in bank, credit union, savings and loan association or savings bank; agreement for redeposit of money

(a) Arrange for the redeposit of any money under the control of its treasurer that exceeds the limits of insurance provided by an instrumentality of the United States or pursuant to NRS 672.750 into one or more insured deposit accounts in one or more insured state or national banks, credit unions, savings and loan associations or savings banks; and

(b) Ensure that the total amount of money redeposited and any interest accrued on that money is within the limits of insurance provided by an instrumentality of the United States or pursuant to NRS 672.750.