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Use of money withdrawn or appropriated from Program; deposit of certain money withdrawn from Program in deferred compensation account.

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No money may be withdrawn or appropriated from the Program, except: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All money withdrawn from the Program pursuant to paragraphs (b) and (d) of subsection 1 must be deposited in the State General Fund for credit to the deferred compensation account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

Last accessed
Feb. 5, 2021

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