1. The State Treasurer shall establish a comprehensive investment plan for the money in the Trust Fund.
2. Notwithstanding the provisions of any specific statute to the contrary, the State Treasurer may invest or cause to be invested any money in the Trust Fund, including, without limitation, the money in the Program Account described in paragraph (a) of subsection 3 of NRS 427A.893, in any manner reasonable and appropriate to achieve the objectives of the Nevada ABLE Savings Program, exercising the discretion and care of a prudent person in similar circumstances with similar objectives. The State Treasurer shall consider the risk, expected rate of return, term or maturity, diversification of total investments, liquidity and anticipated investments in and withdrawals from the Trust Fund.
3. The State Treasurer may establish criteria and select investment managers, mutual funds or other such entities to act as investment managers for the Nevada ABLE Savings Program.
4. The State Treasurer may employ or contract with investment managers, evaluation services or other services as determined by the State Treasurer to be necessary for the effective and efficient operation of the Nevada ABLE Savings Program.
5. The State Treasurer may employ personnel and contract for goods and services necessary for the effective and efficient operation of the Nevada ABLE Savings Program.
6. The State Treasurer shall implement an outreach and educational program designed to create awareness of, and increase participation in, the Nevada ABLE Savings Program. Any marketing plan and materials for the Nevada ABLE Savings Program must be approved by the State Treasurer.
7. The State Treasurer may prescribe terms and conditions of savings trust agreements.
8. The State Treasurer may contract with one or more qualified entities for:
(a) The day-to-day operation of the Nevada ABLE Savings Program, and any associated educational and outreach activities of the Program, as the program administrator for the management of the marketing of the Nevada ABLE Savings Program;
(b) The administration of the comprehensive investment plan established pursuant to subsection 1 and the Trust Fund;
(c) The selection of investment managers for the Nevada ABLE Savings Program; and
(d) The performance of similar activities.
(Added to NRS by 2015, 1431; A 2019, 116)
Structure Nevada Revised Statutes
Chapter 427A - Services to Aging Persons and Persons With Disabilities
NRS 427A.010 - Declaration of legislative purpose.
NRS 427A.021 - "Administrator" defined.
NRS 427A.022 - "Advocate" defined.
NRS 427A.023 - "Commission" defined.
NRS 427A.024 - "Day care center" defined.
NRS 427A.025 - "Department" defined.
NRS 427A.026 - "Director" defined.
NRS 427A.027 - "Division" defined.
NRS 427A.028 - "Facility for long-term care" defined.
NRS 427A.0283 - "Facility for long-term rehabilitation" defined.
NRS 427A.029 - "Frail elderly person" defined.
NRS 427A.0292 - "Living arrangement services" defined.
NRS 427A.0293 - "Ombudsman" defined.
NRS 427A.0294 - "Recipient" defined.
NRS 427A.0295 - "Resident" defined.
NRS 427A.030 - Liberal construction.
NRS 427A.032 - Creation; appointment and terms of members; vacancies; removal.
NRS 427A.034 - Meetings; quorum; regulations; subcommittees and advisory committees.
NRS 427A.036 - Compensation of members and former members; payment of expenses; expenditures.
NRS 427A.038 - Powers and duties.
NRS 427A.040 - Powers and duties.
NRS 427A.050 - Department designated agency to administer federal grants.
NRS 427A.060 - Administrator: Appointment; qualifications.
NRS 427A.070 - Administrator: Powers and duties.
NRS 427A.080 - Agreements and arrangements with Federal Government.
NRS 427A.086 - Program to provide lunches for elderly persons; regulations.
NRS 427A.087 - Agreement to prepare lunches for elderly persons; restrictions.
NRS 427A.100 - Custody and disbursement of money by State Treasurer.
NRS 427A.110 - Aging and Disability Services Division’s Gift Account.
NRS 427A.120 - Political activities prohibited; penalty.
NRS 427A.121 - "Commission" defined.
NRS 427A.1211 - Creation; membership; terms of members; removal of member.
NRS 427A.1217 - Duties; powers.
NRS 427A.122 - "Older person" defined.
NRS 427A.1222 - "Person with a physical disability" defined.
NRS 427A.1224 - "Person with a related condition" defined.
NRS 427A.1226 - "Person with an intellectual disability" defined.
NRS 427A.123 - Office created.
NRS 427A.1232 - Appointment; term; qualifications; classification; reporting; removal from office.
NRS 427A.1234 - Duties and powers of Attorney.
NRS 427A.1236 - Confidentiality of records.
NRS 427A.125 - Creation of Office; appointment; classification; duties and powers.
NRS 427A.137 - Investigation of complaint involving recipient.
NRS 427A.138 - Retaliation prohibited; penalty.
NRS 427A.145 - Conduct of investigation.
NRS 427A.260 - Provision of services; contracts.
NRS 427A.280 - Tests and demonstrations.
NRS 427A.290 - Establishment authorized; requirements; regulations; funding.
NRS 427A.300 - Creation of Office; appointment; qualifications; classification.
NRS 427A.315 - "Forum" defined.
NRS 427A.317 - "President" defined.
NRS 427A.330 - Nomination, appointment and terms of members.
NRS 427A.340 - Qualifications of members.
NRS 427A.350 - Ex officio membership in Forum of member of National Silver Haired Congress.
NRS 427A.360 - Vacancies in membership.
NRS 427A.370 - Election, terms and duties of officers; assistance from Legislative Counsel Bureau.
NRS 427A.380 - Public hearings; meetings; formation of committees; compliance with Open Meeting Law.
NRS 427A.395 - Duties concerning money received and expenses incurred.
NRS 427A.400 - Compensation of members.
NRS 427A.740 - "Commission" defined.
NRS 427A.791 - "Person with a physical disability" defined.
NRS 427A.793 - Establishment; regulations; judicial review of eligibility decisions.
NRS 427A.795 - Required elements of essential personal care.
NRS 427A.7951 - "Person with a disability who needs independent living services" defined.
NRS 427A.7953 - Establishment authorized; regulations; judicial review of eligibility decisions.
NRS 427A.800 - "Traumatic brain injury" defined.
NRS 427A.850 - Program for Persons With Traumatic Brain Injuries: Establishment; services.
NRS 427A.863 - "Department" defined.
NRS 427A.864 - "Media outlet" defined.
NRS 427A.865 - "Missing endangered older person" defined.
NRS 427A.866 - "System" defined.
NRS 427A.867 - Creation; composition; administration; requirements for participation in System.
NRS 427A.868 - Duties and powers of Department; regulations.
NRS 427A.8713 - "Commission" defined.
NRS 427A.8715 - "Early intervention services" defined.
NRS 427A.880 - Referral to Autism Treatment Assistance Program.
NRS 427A.8803 - Nevada Commission on Autism Spectrum Disorders: Report by Division.
NRS 427A.884 - "Nevada ABLE Savings Program" defined.
NRS 427A.885 - "Qualified ABLE program" defined.
NRS 427A.886 - "Trust Fund" defined.
NRS 427A.889 - Establishment; regulations; gifts, grants or other sources of money.
NRS 427A.891 - No full faith and credit for savings trust accounts and savings trust agreements.
NRS 427A.894 - Money provided for direct expenses or marketing not part of Trust Fund.