353.285 - Cash flow of money belonging to State; allocation between deposits and investments; duties of State Board of Finance. - Nevada Statutes - USA Laws Searching

Statutes > Nevada Statutes > TITLE 31 - PUBLIC FINANCIAL ADMINISTRATION > Chapter 353 - State Financial Administration > DUTIES OF STATE BOARD OF FINANCE CONCERNING CASH FLOW,DEPOSITS AND INVESTMENTS > 353.285 - Cash flow of money belonging to State; allocation between deposits and investments; duties of State Board of Finance.

353.285 - Cash flow of money belonging to State; allocation between deposits and investments; duties of State Board of Finance.

353.285  Cash flow of money belonging to State; allocation between deposits and investments; duties of State Board of Finance.  The State Board of Finance shall, in addition to its other duties prescribed by law:

      1.  Study the cash flow of moneys belonging to the State, and recommend to the State Controller and the State Treasurer appropriate measures to accommodate the time of cash expenditures to the time of cash receipts, in order to minimize the amount of money required as active deposits.

      2.  Ascertain and keep current a proper allocation of the moneys belonging to the State between deposits, active and inactive, and investments.

      (Added to NRS by 1969, 1201)