NRS 287.440
Governing body may appoint committee to administer program

  • powers of committee.

1.

The governing body of a political subdivision may appoint a committee to which it may delegate the responsibility for administering the program for its employees, including:

(a)

Collection of deferred compensation;

(b)

Transmittal of money collected to depositories within the State; and

(c)

Payment of deferred compensation to participating employees.

2.

The committee may contract with a private person, corporation, institution or other entity, directly or through an agency of the political subdivision, for services necessary to the administration of the plan, including without limitation:

(a)

Consolidated billing;

(b)

Recordkeeping for each participating employee and the program;

(c)

Purchase, control and safeguarding of assets;

(d)

Communication with its employees; and

(e)

Administration and coordination of the program.

Source: Section 287.440 — Governing body may appoint committee to administer program; powers of committee., https://www.­leg.­state.­nv.­us/NRS/NRS-287.­html#NRS287Sec440 (accessed May 26, 2025).

May 26, 2025

§ 287.440. Governing body may appoint committee to administer program's source at nv​.us