NRS 287.365 Use of money withdrawn or appropriated from Program; deposit of certain money withdrawn from Program in deferred compensation account.

143 words·~1 min read·/nv/chapter-287-programs-for-public-employees/287-365

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

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 No money may be withdrawn or appropriated from the Program, except: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 All money withdrawn from the Program pursuant to paragraphs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 .