Nevada Public Officers and Employees

Sec. § 287.365
Use of money withdrawn or appropriated from Program; deposit of certain money withdrawn from Program in deferred compensation account.


No money may be withdrawn or appropriated from the Program, except:


For payment to a participant or beneficiary of a participant pursuant to the terms of the Program;


In the amount required to pay the necessary expenses of administering the Program;


As specifically authorized by federal law or regulation or by a special act of the Legislature; or


To compensate the member of the Committee appointed pursuant to paragraph (c) of subsection 1 of NRS 287.325.


All money withdrawn from the Program pursuant to paragraphs (b) and (d) of subsection 1 must be deposited in the State General Fund for credit to the deferred compensation account created pursuant to subsection 2 of NRS 287.330.

Last accessed
Feb. 5, 2021