Nevada Revised Statutes Title 30. Public Borrowing and Obligations § 348A.050. Private Activity Bond Council: Creation; Chair; membership; terms; vacancies; compensation, allowances and expenses of members; members holding public office or employed by governmental entity; meetings; quorum; administrative support

1. The Private Activity Bond Council is hereby created.

2. The Council consists of seven members as follows:

3. An appointed member of the Council serves a term of 2 years and until his or her successor is appointed. An appointed member may be reappointed for additional terms of 2 years in the same manner as the original appointment.

4. A vacancy in the appointed membership of the Council must be filled in the same manner as the original appointment for the remainder of the unexpired term.

5. Each member of the Council:

6. A member of the Council who is an officer or employee of this State or a political subdivision of this State must be relieved from his or her duties without loss of regular compensation to prepare for and attend meetings of the Council and perform any work necessary to carry out the duties of the Council in the most timely manner practicable. A state agency or political subdivision of this State shall not require an officer or employee who is a member of the Council to:

7. The Council shall meet at the call of the Chair as frequently as required to perform its duties, but not less than twice each year.

8. A majority of the voting members of the Council constitutes a quorum for the transaction of business, and a majority of a quorum present at any meeting is sufficient for any official action taken by the Council.

9. The Department of Business and Industry shall provide the Council with administrative support.