Nevada Public Officers and Employees

Sec. § 287.210
Social Security Administration Fund: Creation; sources; disbursements.

1.

There is hereby established a special fund to be known as the Social Security Administration Fund. The Fund consists of and there must be deposited in the Fund:

(a)

All payments made by participating coverage groups for assessments established by regulations adopted pursuant to NRS 287.050 to 287.240, inclusive, to provide for the costs incurred by the state agency in administering NRS 287.050 to 287.240, inclusive.

(b)

All money appropriated thereto under NRS 287.050 to 287.240, inclusive.

(c)

All remaining money collected for administration expense pursuant to chapter 103, Statutes of Nevada 1953, and regulations relating thereto.

2.

The Social Security Administration Fund must not be commingled with other state funds but must be maintained in a separate account on the books of the depository. Withdrawals from the Fund are authorized and may be used for:

(a)

The payment of administrative costs of NRS 287.050 to 287.240, inclusive;

(b)

The payment of advances to the administrative fund of the state agency covering estimated administrative costs of NRS 287.050 to 287.240, inclusive;

(c)

Refunds of assessments paid by participating coverage groups which are not otherwise adjustable; and

(d)

Reimbursement of advances made by the Employment Security Division of the Department of Employment, Training and Rehabilitation for costs of administration of chapter 103, Statutes of Nevada 1953.
Source

Last accessed
Feb. 5, 2021

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