1. Except as otherwise provided in this section or by statute or contract regarding money from a particular source, the county treasurer of any county may pool, for purposes of investment, any money held by him or her for local governments, as defined in NRS 354.474, which the county treasurer is otherwise authorized by statute to invest.
2. Before pooling any money pursuant to subsection 1, the county treasurer shall notify in writing each local government whose money is to be included in the pool. The county treasurer may pool the money of the various local governments notified unless he or she is directed by a local government, within 15 days after receipt of the notice, to invest all or a portion of its money separately from any money so pooled. The notice must include a copy of the guidelines established by the county treasurer pursuant to subsection 3 and must state the time within which the local government must respond, as provided in this subsection.
3. The county treasurer must establish written guidelines for the pooling of money for investments, including provisions concerning:
(a) The method of allocating any income or loss from any investments among the participating local governments;
(b) The procedures for notification of the county treasurer by a local government of how long a period the money is expected to be available for investment;
(c) Early withdrawals, of money invested through the pool, by request of a participating local government, and the charging of any penalties or loss of interest incurred because of the early withdrawal, against the money of that local government; and
(d) The method by which a local government may partially or completely terminate its participation in the pool.
(Added to NRS by 1985, 2109)
Structure Nevada Revised Statutes
Chapter 355 - Public Investments
NRS 355.005 - Regulations of State Treasurer.
NRS 355.010 - Creation; members.
NRS 355.020 - Salary for appointive members; compensation for members and employees.
NRS 355.030 - Legal adviser; Secretary.
NRS 355.050 - State Treasurer charged with investment of money in Fund.
NRS 355.070 - Determinations to be made before investment; opinion of Attorney General.
NRS 355.080 - Restrictions on investment in county bonds.
NRS 355.090 - Conversion of bonds or securities into cash; reinvestment.
NRS 355.100 - Loans on agricultural lands: Abstract; appraisal.
NRS 355.110 - Loans on agricultural lands: Execution and recording of note and mortgage; provisions.
NRS 355.130 - Loans to local governments.
NRS 355.135 - Lending of securities from state investment portfolio.
NRS 355.140 - Authorized and prohibited investments of state money.
NRS 355.145 - Standard of care for investments made pursuant to NRS 355.140.
NRS 355.150 - Determinations to be made before investment; opinion of Attorney General.
NRS 355.160 - Purpose of NRS 355.140 and 355.150.
NRS 355.168 - Pooling of money of local governments within county for investment.
NRS 355.169 - Legal action by county to recover investment; expenses.
NRS 355.170 - Authorized investments; disposition of interest.
NRS 355.171 - Additional authorized investments; exceptions.
NRS 355.176 - Investment of money held by local government pursuant to deferred compensation plan.
NRS 355.177 - Investment in own securities or interim warrants prohibited.
NRS 355.190 - Loans and advances of credit by Federal Housing Administrator.
NRS 355.200 - Depositary bonds.
NRS 355.210 - Conditions and requirements for investment.
NRS 355.220 - Retirement Benefits Investment Board: Creation; membership; powers and duties.
NRS 355.255 - "Corporation for public benefit" defined.
NRS 355.260 - "Private equity funding" defined.
NRS 355.265 - "Venture capital" defined.
NRS 355.305 - "Boycott of Israel" defined.
NRS 355.310 - "Company" defined.
NRS 355.315 - "Direct holdings" defined.
NRS 355.320 - "Indirect holdings" defined.
NRS 355.325 - "Public fund" defined.
NRS 355.330 - "Scrutinized company" defined.
NRS 355.340 - State Treasurer to prepare report of investments in scrutinized companies.