Nevada Revised Statutes
Chapter 353B - College Savings Programs
NRS 353B.150 - Administration by State Treasurer; duties and powers of State Treasurer.


1. The State Treasurer shall administer the Trust Fund.
2. As Administrator of the Trust Fund, the State Treasurer:
(a) Shall maintain the financial records of the Trust Fund;
(b) Shall invest the property in the Trust Fund pursuant to the policies for investment established by the Board pursuant to NRS 353B.160;
(c) Shall manage any account associated with the Trust Fund;
(d) Shall maintain any instruments that evidence investments made with property from the Trust Fund;
(e) May contract with vendors for any good or service that is necessary to carry out the provisions of NRS 353B.010 to 353B.190, inclusive;
(f) May hire such employees as are necessary to carry out the provisions of NRS 353B.010 to 353B.190, inclusive; and
(g) May perform any other duties necessary to administer the Trust Fund.
(Added to NRS by 1997, 3483; A 2001, 2163, 2166; 2019, 3905)

Structure Nevada Revised Statutes

Nevada Revised Statutes

Chapter 353B - College Savings Programs

NRS 353B.001 - Definitions.

NRS 353B.002 - "Board" defined.

NRS 353B.003 - "Marketing" defined.

NRS 353B.004 - "System" defined.

NRS 353B.005 - Board of Trustees of the College Savings Plans of Nevada: Creation; membership; terms; Chair; allowances and expenses.

NRS 353B.007 - Insurance coverage to protect prepaid tuition contracts and savings trust accounts.

NRS 353B.008 - Prepaid tuition program or college savings program must not prohibit participation based solely on immigration or citizenship status.

NRS 353B.009 - Money on deposit in prepaid tuition contract or savings trust account not considered asset of parent, guardian or student for purposes of determining certain eligibility.

NRS 353B.010 - Definitions.

NRS 353B.030 - "Prepaid tuition contract" defined.

NRS 353B.040 - "Purchaser" defined.

NRS 353B.050 - "Qualified beneficiary" defined.

NRS 353B.070 - "Trust Fund" defined.

NRS 353B.075 - Limitations on construction of provisions.

NRS 353B.090 - Development of Program by Board; amount of tuition under prepaid tuition contract; regulations.

NRS 353B.095 - Delegation by Board of administrative powers and duties to State Treasurer.

NRS 353B.100 - Prepaid tuition contracts: Authority of Board to enter; required provisions.

NRS 353B.105 - Agreement to payroll deductions for prepaid tuition contract authorized.

NRS 353B.110 - General duties and powers of Board.

NRS 353B.130 - Limitation on effect of action by Board.

NRS 353B.310 - Regulations.

NRS 353B.320 - Delegation by Board of administrative powers and duties to State Treasurer.

NRS 353B.330 - Savings trust accounts and agreements not guaranteed by full faith and credit.

NRS 353B.140 - Creation; sources; nonreversion.

NRS 353B.145 - Policy for use of certain excess money.

NRS 353B.150 - Administration by State Treasurer; duties and powers of State Treasurer.

NRS 353B.155 - Duty of Board to promote and market use of Trust Fund and solicit certain opinions; authority to limit qualified beneficiaries.

NRS 353B.160 - Investment; prohibited interests, payments and actions; modification of terms of subsequent prepaid tuition contracts to ensure actuarial soundness.

NRS 353B.170 - Annual report.

NRS 353B.180 - Annual audit.

NRS 353B.190 - Annual actuarial study.

NRS 353B.300 - "Trust Fund" defined.

NRS 353B.335 - Establishment; availability of and accounting method for money in accounts; regulations; gifts, grants and donations; authority to transfer unaccessed or expired balances to Endowment Account.

NRS 353B.340 - Creation; sources; limitations on use of money.

NRS 353B.350 - Administration by State Treasurer; establishment of Program, Administrative and Endowment Accounts.

NRS 353B.360 - Gifts, grants and other donations: Authority to apply for and accept; use; deposit.

NRS 353B.370 - Duties and powers of Board; contracts for services.