Skip to main content
Find a Lawyer

Nevada Revised Statutes Title 31. Public Financial Administration § 355.175. Authority for investments;  priority in case of conflicting orders concerning same money;  disposition of interest

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

1. The governing body of any local government or agency, whether or not it is included in the provisions of chapter 354 of NRS, may:

(a) Direct its treasurer or other appropriate officer to invest its money or any part thereof in any investment which is lawful for a local government pursuant to NRS 355.170;  or

(b) Allow a county treasurer to make such investments through a pool as provided in NRS 355.168.

2. In case of conflict, any order made pursuant to paragraph (a) of subsection 1 takes precedence over any other order concerning the same money or funds pursuant to subsection 5 of NRS 355.170.

3. Any interest earned from investments made pursuant to this section must be credited, at the discretion of the local governing unit, to any fund under its control, but the designation of the fund must be made at the time of investment of the principal.

Back to chapter list
Previous part of code Next part of code
Back to chapter list

Cite this article: FindLaw.com - Nevada Revised Statutes Title 31. Public Financial Administration § 355.175. Authority for investments;  priority in case of conflicting orders concerning same money;  disposition of interest - last updated January 01, 2021 | https://codes.findlaw.com/nv/title-31-public-financial-administration/nv-rev-st-355-175/

Read this complete Nevada Revised Statutes Title 31. Public Financial Administration § 355.175. Authority for investments;  priority in case of conflicting orders concerning same money;  disposition of interest on Westlaw

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.

Was this helpful?

Search all Nevada Codes

Welcome to FindLaw's Cases & Codes

A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.

Go to Learn About the Law

Latest Blog Posts

For Legal Professionals

Learn About the Law

Get help with your legal needs

FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.

Go to Learn About the Law

Need to find an attorney?

Search our directory by legal issue

Enter information in one or both fields (Required)

    More Options
    Copied to clipboard