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Current as of January 01, 2025 | Updated by Findlaw Staff
1. A state agency which opens an account in a bank, credit union, savings and loan association or savings bank must first obtain the approval of the State Board of Finance, except in cases where the account is specifically authorized by statute.
2. The titles of the accounts must indicate that the account is in the name of the State of Nevada.
3. The State Treasurer shall keep a list of all state accounts in banks, credit unions, savings and loan associations or savings banks, whether they are maintained within or outside the State. The list must contain:
(a) The names of those financial institutions with which state agencies have accounts, and the names of those agencies.
(b) The names of those state agencies which have accounts with banks, credit unions, savings and loan associations and savings banks, and the names of those financial institutions.
4. Each state agency shall send to the State Controller at the end of each fiscal year a copy of the statement of account for each account it maintains with a bank, credit union, savings and loan association or savings bank, and other related documents which reconcile the account to the agency’s books.
Cite this article: FindLaw.com - Nevada Revised Statutes Title 31. Public Financial Administration § 356.011. Requirements for account of state agency in bank, credit union, savings and loan association or savings bank - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-31-public-financial-administration/nv-rev-st-356-011/
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 before relying on it for your legal needs.
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