NRS 287.365
Use of money withdrawn or appropriated from Program

deposit of certain money withdrawn from Program in deferred compensation account.

1.

No money may be withdrawn or appropriated from the Program, except:

(a)

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

(b)

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

(c)

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

(d)

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

2.

All money withdrawn from the Program pursuant to paragraphs (b) and (d) of subsection 1 must be deposited in the State General Fund for credit to the deferred compensation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

Source: Section 287.365 — Use of money withdrawn or appropriated from Program; deposit of certain money withdrawn from Program in deferred compensation account., https://www.leg.state.nv.us/NRS/NRS-287.html#NRS287Sec365 (accessed May 26, 2025).

287.250
Definitions. 287.260
“Committee” defined. 287.270
“Deferred compensation” defined. 287.275
“Executive Officer” defined. 287.300
“Investment” defined. 287.310
“Program” defined. 287.320
Employer may agree with employee to defer compensation 287.325
Committee to Administer Public Employees’ Deferred Compensation Program: Appointment, terms and compensation of members 287.330
Committee to Administer Public Employees’ Deferred Compensation Program: Duties 287.335
Interest and income earned on money in deferred compensation account. 287.337
Employment of staff or consultants by Executive Officer. 287.338
Procedure for awarding contracts to vendors. 287.340
Deferrals of compensation: Deductions from payroll 287.350
Federal requirements prerequisite for operation of plan 287.360
Program additional to other retirement, pension and benefit systems. 287.365
Use of money withdrawn or appropriated from Program 287.370
Use of appropriated money in administration of Program.

May 26, 2025

§ 287.365. Use of money withdrawn or appropriated from Program's source at nv.us

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Location: https://nevada.public.law/statutes/nrs_287.365

Original Source: Section 287.365 — Use of money withdrawn or appropriated from Program; deposit of certain money withdrawn from Program in deferred compensation account., https://www.leg.state.nv.us/NRS/NRS-287.html#NRS287Sec365 (last accessed May 10, 2025).