353B.150 - Administration by State Treasurer; duties and powers of State Treasurer.
353B.150 Administration by State Treasurer; duties and powers of State Treasurer.
1. The State Treasurer shall administer the trust fund.
2. As Administrator of the Trust Fund, the State Treasurer:
(a) Shall maintain the financial records of the Trust Fund;
(b) Shall invest the property in the Trust Fund pursuant to the policies for investment established by the Board pursuant to NRS 353B.160;
(c) Shall manage any account associated with the Trust Fund;
(d) Shall maintain any instruments that evidence investments made with property from the Trust Fund;
(e) May contract with vendors for any good or service that is necessary to carry out the provisions of NRS 353B.010 to 353B.190, inclusive;
(f) May hire such employees as are necessary to carry out the provisions of NRS 353B.010 to 353B.190, inclusive, who must be paid out of the assets of the Trust Fund; and
(g) May perform any other duties necessary to administer the Trust Fund.
(Added to NRS by 1997, 3483; A 2001, 2163, 2166)