1. A majority of the members of the Board constitutes a quorum for the transaction of business.
2. The Governor shall designate one of the members of the Board to serve as the Chair.
3. The Board shall meet at least once every calendar quarter and at other times upon the call of the Chair.
4. The Board may meet in closed session:
(a) To discuss matters relating to personnel;
(b) With investment counsel to plan future investments or establish investment objectives and policies;
(c) With legal counsel to receive advice upon claims or suits by or against the Program;
(d) To prepare a request for a proposal or other solicitation for bids to be released by the Board for competitive bidding; or
(e) As otherwise provided pursuant to chapter 241 of NRS.
5. Except as otherwise provided in this subsection, if the Board causes a meeting to be transcribed by a court reporter who is certified pursuant to chapter 656 of NRS, the Board shall post a transcript of the meeting on its Internet website not later than 30 days after the meeting. The Board shall post a transcript of a closed session of the Board on its Internet website when the Board determines that the matters discussed no longer require confidentiality and, if applicable, the person whose character, conduct, competence or health was discussed in the closed session has consented to the posting.
6. The Board may appoint such advisory committees as it deems necessary to assist the Board in carrying out its duties pursuant to NRS 287.0402 to 287.049, inclusive.
7. As used in this section, "request for a proposal" has the meaning ascribed to it in subsection 8 of NRS 333.020.
(Added to NRS by 1999, 3023; A 2003, 549; 2005, 1409; 2007, 2871, 3145)
Structure Nevada Revised Statutes
Chapter 287 - Programs for Public Employees
NRS 287.0205 - Reinstatement of insurance by retired public officer or employee or surviving spouse.
NRS 287.0404 - "Board" defined.
NRS 287.0405 - "Participating local governmental agency" defined.
NRS 287.04052 - "Participating public agency" defined.
NRS 287.04054 - "Participating state agency" defined.
NRS 287.0406 - "Program" defined.
NRS 287.04062 - "Program Fund" defined.
NRS 287.04064 - "Retirees’ Fund" defined.
NRS 287.041 - Creation; composition; qualifications; terms; vacancies; removal.
NRS 287.042 - Compensation; administrative leave from service of State.
NRS 287.0422 - Reimbursement of expenses of witnesses.
NRS 287.0425 - Executive Officer: Reports.
NRS 287.043 - Powers and duties.
NRS 287.04345 - Procedure for awarding contracts to vendors.
NRS 287.0436 - Creation; purpose.
NRS 287.04364 - Uses; fiduciary duty of Board.
NRS 287.0438 - Records of Program deemed public records; exception.
NRS 287.0475 - Reinstatement of insurance by retired public officer or employee or surviving spouse.
NRS 287.0485 - No inherent right to certain benefits.
NRS 287.049 - Costs of premiums or contributions to be budgeted.
NRS 287.050 - Declaration of legislative policy.
NRS 287.060 - "Employee" defined.
NRS 287.070 - "Employee tax" defined.
NRS 287.080 - "Employment" defined.
NRS 287.090 - "Federal Insurance Contributions Act" defined.
NRS 287.100 - "Political subdivision" defined.
NRS 287.110 - "Secretary" defined.
NRS 287.120 - "Social Security Act" defined.
NRS 287.130 - "State agency" defined.
NRS 287.140 - "Wages" defined.
NRS 287.150 - Federal-state agreement: Provisions.
NRS 287.160 - Interstate instrumentality: Powers.
NRS 287.170 - Contributions by state employees.
NRS 287.180 - Plans for coverage of employees of political subdivisions.
NRS 287.210 - Social Security Administration Fund: Creation; sources; disbursements.
NRS 287.220 - Regulations of state agency.
NRS 287.230 - Studies of state agency.
NRS 287.260 - "Committee" defined.
NRS 287.270 - "Deferred compensation" defined.
NRS 287.275 - "Executive Officer" defined.
NRS 287.300 - "Investment" defined.
NRS 287.310 - "Program" defined.
NRS 287.335 - Interest and income earned on money in deferred compensation account.
NRS 287.337 - Employment of staff or consultants by Executive Officer.
NRS 287.338 - Procedure for awarding contracts to vendors.
NRS 287.340 - Deferrals of compensation: Deductions from payroll; limitation on amount deferred.
NRS 287.360 - Program additional to other retirement, pension and benefit systems.
NRS 287.370 - Use of appropriated money in administration of Program.
NRS 287.391 - "Committee" defined.
NRS 287.401 - "Deferred compensation" defined.
NRS 287.411 - "Program" defined.
NRS 287.420 - Employer may agree with employee to defer compensation; investment of withheld money.
NRS 287.440 - Governing body may appoint committee to administer program; powers of committee.
NRS 287.450 - Deferrals of compensation: Deductions from payroll; limitation on amount deferred.
NRS 287.470 - Program additional to other retirement, pension and benefit systems.
NRS 287.480 - Use of appropriated money in administration of program.
NRS 287.510 - Contracts authorized; payment.
NRS 287.520 - Duties of employee organization.
NRS 287.530 - Employee organization as trustee of money collected; claims.