GroundRules
NRS 356.015: Time certificates of deposit: Establishment of rate of interest; warrants; inactive deposits.
Where this section sits in the code
- TITLE 31 — PUBLIC FINANCIAL ADMINISTRATION
- CHAPTER 356 - DEPOSITORIES OF PUBLIC MONEY AND SECURITIES
- DEPOSIT OF STATE MONEY IN BANK, CREDIT UNION, SAVINGS AND LOAN ASSOCIATION OR SAVINGS BANK
1. The State Treasurer shall establish the rate of interest to be paid on the maturity of each time certificate of deposit.
2. The State Treasurer shall make all such deposits through warrants of the State Controller.
3. The State Controller shall maintain accurate records of inactive deposits. Time certificates of deposit which are placed with insured banks, credit unions, savings and loan associations and savings banks shall be deemed to constitute inactive deposits.
Collected 2026-09-03T05:51:37Z. Source file · JSON