Nevada § 355.175 Authority for investments; priority in case of conflicting orders concerning same money; disposition of interest

Nevada Statutes

§ 355.175 — Authority for investments; priority in case of conflicting orders concerning same money; disposition of interest

Nevada § 355.175

Title 31PUBLIC FINANCIAL ADMINISTRATION

Ch. 355Public

INVESTMENTS AND LOANS BY LOCAL GOVERNMENTS AND CERTAIN ADMINISTRATIVE ENTITIES ESTABLISHED BY COOPERATIVE AGREEMENT

This text of Nevada § 355.175 (Authority for investments; priority in case of conflicting orders concerning same money; disposition of interest) is published on Counsel Stack Legal Research, covering Nevada primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Nev. Rev. Stat. § 355.175 (2026).

Text

1. The governing body of any local government or agency, whether or not it is included in the provisions of chapter 354 of NRS, may:

(a)Direct its treasurer or other appropriate officer to invest its money or any part thereof in any investment which is lawful for a local government pursuant to NRS 355.170 ; or

(b)Allow a county treasurer to make such investments through a pool as provided in NRS 355.168 . 2. In case of conflict, any order made pursuant to paragraph (a) of subsection 1 takes precedence over any other order concerning the same money or funds pursuant to subsection 5 of NRS 355.170 . 3. Any interest earned from investments made pursuant to this section must be credited, at the discretion of the local governing unit, to any fund under its control, but the designation of the

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1. The governing body of any local government or agency, whether or not it is included in the provisions of chapter 354 of NRS, may:
(a) Direct its treasurer or other appropriate officer to invest its money or any part thereof in any investment which is lawful for a local government pursuant to NRS 355.170 ; or
(b) Allow a county treasurer to make such investments through a pool as provided in NRS 355.168 .
2. In case of conflict, any order made pursuant to paragraph (a) of subsection 1 takes precedence over any other order concerning the same money or funds pursuant to subsection 5 of NRS 355.170 .
3. Any interest earned from investments made pursuant to this section must be credited, at the discretion of the local governing unit, to any fund under its control, but the designation of the fund must be made at the time of investment of the principal.