(a) Adopt bylaws setting forth its procedures and governing its operations;
(b) On or before June 30 and December 31 of each year, submit a written fiscal and
operational report to the Governor and the Legislature, which must include, without
limitation, any recommendations concerning the Exchange;
(c) On or before December 31 of each year, prepare a report for the public summarizing
the activities of the Board and the contributions of the Exchange to the health of
the residents of Nevada during the previous year;
(d) Provide for an annual audit of its functions and operations;
(e) Submit all reports required by federal law to the appropriate federal agency and
in a timely manner; and
(f) If the Federal Act is repealed or is held unconstitutional or otherwise invalid
or unlawful, define by regulation “qualified health plan” for the purposes of this
2. The Board may:
(a) Adopt regulations to carry out the duties and powers of the Exchange;
(b) Prepare special reports concerning the Exchange for the Governor, the Legislature
and the public; and
(c) Contract for the services of such legal, professional, technical and operational
personnel and consultants as the execution of its duties and powers and the operation
of the Exchange may require.
3. The Board is subject to Legislative and Executive Branch audits.
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.
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