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Nevada Revised Statutes Title 23. Public Officers and Employees § 287.365. Use of money withdrawn or appropriated from Program; deposit of certain money withdrawn from Program in deferred compensation account

Current as of January 01, 2021 | Updated by FindLaw Staff

1. No money may be withdrawn or appropriated from the Program, except:

(a) For payment to a participant or beneficiary of a participant pursuant to the terms of the Program;

(b) In the amount required to pay the necessary expenses of administering the Program;

(c) As specifically authorized by federal law or regulation or by a special act of the Legislature; or

(d) To compensate the member of the Committee appointed pursuant to paragraph (c) of subsection 1 of NRS 287.325.

2. All money withdrawn from the Program pursuant to paragraphs (b) and (d) of subsection 1 must be deposited in the State General Fund for credit to the deferred compensation account created pursuant to subsection 2 of NRS 287.330.

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Cite this article: FindLaw.com - Nevada Revised Statutes Title 23. Public Officers and Employees § 287.365. Use of money withdrawn or appropriated from Program; deposit of certain money withdrawn from Program in deferred compensation account - last updated January 01, 2021 | https://codes.findlaw.com/nv/title-23-public-officers-and-employees/nv-rev-st-287-365/

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