1. Notwithstanding any restrictions or limitations on securities for deposits of public money contained in any law of this state, the bonds, debentures, securities or other similar obligations issued pursuant to:
(a) The Federal Farm Loan Act, as amended;
(b) The Farm Credit Act of 1933, as amended;
(c) The Federal Home Loan Bank Act of 1932, as amended;
(d) The Farm Credit Act of 1971, 12 U.S.C. §§ 2001 to 2259, inclusive, as now or hereafter amended; and
(e) Any other federal act or authority, the bonds, debentures, securities or other similar obligations of which have been approved by the Commissioner for investment,
are, without limitation, authorized securities for all deposits of public money for the State of Nevada, of agencies of the State of Nevada, of counties of the State of Nevada, and of municipalities and other political subdivisions of the State of Nevada.
2. This section is cumulative to all other laws relating to securities for deposits of public money.
(Added to NRS by 1971, 982; A 1973, 1093; 1983, 1738; 1987, 1914)
Structure Nevada Revised Statutes
Chapter 662 - Powers and Miscellaneous Provisions
NRS 662.015 - General powers of banks; power of Commissioner to waive or modify requirements of law.
NRS 662.025 - Power to participate in Federal Deposit Insurance Corporation.
NRS 662.046 - Dealing in investment securities prohibited.
NRS 662.055 - Investments in public securities.
NRS 662.065 - Investments in private securities; limitation.
NRS 662.075 - Investments authorized as security for deposits of public money.
NRS 662.101 - Investments in loans to finance interests in cooperative housing corporations.
NRS 662.105 - Stock options and purchases for directors, officers and employees.
NRS 662.145 - Limits on amount of loans; exceptions.
NRS 662.186 - Operating cash: Minimum cash and demand balances; reserves.
NRS 662.225 - Checks payable in exchange.
NRS 662.231 - "Business of a trust company" and "trust company business" defined.
NRS 662.255 - Voluntary closure on Saturdays, Sundays and holidays; transaction of business.
NRS 662.265 - Emergency closure: Definitions.
NRS 662.275 - Emergency closure: Powers of Commissioner.
NRS 662.285 - Emergency closure: Powers of bank’s officers.
NRS 662.295 - Emergency closure: Notification of Commissioner or Comptroller of the Currency.