USA Statutes : nevada
Title : Title 18 - STATE EXECUTIVE DEPARTMENT
Chapter : CHAPTER 226 - STATE TREASURER
No person shall be
eligible to the Office of State Treasurer unless:
1. He shall have attained the age of 25 years at the time of such
election; and
2. He is a qualified elector and has been a citizen resident of
this State for 2 years next preceding the election.
[Part 2:108:1866; A 1953, 711; 1955, 459]
1. The State Treasurer shall be elected by the qualified electors
of the State.
2. The State Treasurer shall be chosen at the general election of
1866, and every 4th year thereafter, and shall hold his office for the
term of 4 years from the time of his installment and until his successor
shall be qualified.
[Part 1:108:1866; B § 2599; BH § 1636; C § 1782; RL § 2765; NCL §
4765] + [Part 9:108:1866; B § 2607; BH § 1644; C § 1790; RL § 2773; NCL §
4773] + [Part 10:108:1866; B § 2608; BH § 1645; C § 1791; RL § 2774; NCL
§ 4774]
The State Treasurer shall keep his office at
the seat of government.
[Part 10:108:1866; B § 2608; BH § 1645; C § 1791; RL § 2774; NCL §
4774] + [Part 1:14:1866; A 1867, 113; B § 2838; BH § 1837; C § 1984; RL §
4360; NCL § 7531]—(NRS A 1969, 196)
The State Treasurer shall
not absent himself from the State for more than 90 days at any one time
without leave of absence from the Legislature.
[Part 1:14:1866; A 1867, 113; B § 2838; BH § 1837; C § 1984; RL §
4360; NCL § 7531]
The State Treasurer shall be
commissioned by the Governor, but before such commission shall issue and
before entering upon the duties of his office, he shall:
1. Take the oath of office prescribed by law, to be endorsed upon
his commission; and
2. Execute and deliver to the Governor a bond, payable to the
State, in an amount which shall be determined by the State Board of
Examiners, conditioned for the faithful performance of all duties which
may be required of him by law and for the delivery by him to his
successor of all books, papers, records, moneys, vouchers, sureties,
funds and securities, evidences of debt, and effects belonging to his
office or to the State of Nevada. The official bond shall be executed by
a surety company or companies authorized to do business in the State of
Nevada.
[2:14:1866; A 1928, 61; NCL § 7532]—(NRS A 1975, 339)
1. The State Treasurer may use a facsimile signature in place of
his handwritten signature if:
(a) The facsimile signature is:
(1) Produced by the most efficient device or other method of
facsimile reproduction reasonably available; and
(2) Made and used only under the personal direction and
supervision of the State Treasurer; and
(b) The device or other method of facsimile reproduction is kept
securely locked at all times when not in use in such a manner as to
prevent any misuse, fraudulent use or other improper use. If the device
or other method of facsimile reproduction is of such a nature that:
(1) The facsimile image or impression is severable from the
device or other method of facsimile reproduction, the facsimile image or
impression must be kept in a separate secure place in the Office of the
State Treasurer; and
(2) Any registered key, password or other securing device or
procedure is severable from the device or other method of facsimile
reproduction, the registered key, password or other securing device or
procedure must be locked in a vault.
2. Except as otherwise required by specific statute and subject to
the conditions of subsection 1 and the consent of each, the State
Treasurer and the State Controller, or the State Treasurer and any other
officer or employee of state government who is authorized to administer a
bank account, may combine their facsimile signatures for use in a device
or other method of facsimile reproduction. The facsimile image or
impression of such combined signatures must be kept in the Office of the
State Treasurer as provided in paragraph (b) of subsection 1.
[1:2:1943; 1943 NCL § 7562.01]—(NRS A 1961, 51; 1965, 34; 2001,
2901 )
1. Until the first Monday in January 2007, the State Treasurer is
entitled to receive an annual salary of $80,000. From the first Monday in
January 2007, until the first Monday in January 2011, the State Treasurer
is entitled to receive an annual salary of $97,000.
2. On the first Monday in January 2011 and on the first Monday of
every fourth year thereafter, the salary of the State Treasurer must be
increased by an amount equal to the cumulative percentage increase in the
salaries of the classified employees of this State during the immediately
preceding term of the State Treasurer.
[5:295:1953; A 1955, 527] + [Part 4:320:1955] + [11:320:1955] +
[13:320:1955]—(NRS A 1957, 541; 1961, 306; 1965, 970; 1969, 791; 1971,
2207; 1977, 1015; 1981, 1370; 1985, 1610; 1989, 1897; 1997, 1227; 2005,
1183 )
1. The State Treasurer may appoint and employ a Chief Deputy, two
Senior Deputies, an Assistant Treasurer, a Deputy of Debt Management, a
Deputy of Investments, a Deputy of Cash Management, a Deputy of Unclaimed
Property and an Assistant to the State Treasurer in the unclassified
service of the State.
2. Except as otherwise provided in NRS 284.143 , the Chief Deputy State Treasurer shall devote
his entire time and attention to the business of his office and shall not
pursue any other business or occupation or hold any other office of
profit.
[Part 1:93:1945; 1943 NCL § 7405]—(NRS A 1967, 1488; 1971, 1424;
1977, 560; 1981, 1271; 1997, 616, 1741; 1999, 72 ; 2001, 2902 ; 2003, 2813 )
The State Treasurer:
1. Shall receive and keep all money of the State which is not
expressly required by law to be received and kept by some other person.
2. Shall receipt to the State Controller for all money received,
from whatever source, at the time of receiving it.
3. Shall establish the policies to be followed in the investment
of money of the State, subject to the periodic review and approval or
disapproval of those policies by the State Board of Finance.
4. May employ any necessary investment and financial advisers to
render advice and other services in connection with the investment of
money of the State.
5. Shall disburse the public money upon warrants drawn upon the
Treasury by the State Controller, and not otherwise. The warrants must be
registered and paid in the order of their registry. The State Treasurer
may use any sampling or postaudit technique, or both, which he considers
reasonable to verify the proper distribution of warrants.
6. Shall keep a just, true and comprehensive account of all money
received and disbursed.
7. Shall deliver in good order to his successor in office all
money, records, books, papers and other things belonging to his office.
8. Shall fix, charge and collect reasonable fees for:
(a) Investing the money in any fund or account which is credited
for interest earned on money deposited in it; and
(b) Special services rendered to other state agencies or to members
of the public which increase the cost of operating his office.
9. Serves as the primary representative of the State in matters
concerning any nationally recognized bond credit rating agency for the
purposes of the issuance of any obligation authorized on the behalf and
in the name of the State, except as otherwise provided in NRS 538.206
and except for those obligations issued pursuant to chapter
319 of NRS and NRS 349.400 to 349.987 , inclusive.
10. Is directly responsible for the issuance of any obligation
authorized on the behalf and in the name of the State, except as
otherwise provided in NRS 538.206 and except for those obligations issued pursuant to chapter
319 of NRS and NRS 349.400 to 349.987 , inclusive. The State Treasurer:
(a) Shall issue such an obligation as soon as practicable after
receiving a request from a state agency for the issuance of the
obligation.
(b) May, except as otherwise provided in NRS 538.206 , employ necessary legal, financial or other professional
services in connection with the authorization, sale or issuance of such
an obligation.
11. May organize and facilitate statewide pooled financing
programs, including lease purchases, for the benefit of the State and any
political subdivision, including districts organized pursuant to NRS
450.550 to 450.750 , inclusive, and chapters 244A ,
309 , 318 , 379 , 474 , 541 , 543 and 555 of NRS.
12. Shall serve as the Administrator of Unclaimed Property.
[4:14:1866; A 1897, 24; C § 1987; RL § 4363; NCL § 7534]—(NRS A
1977, 560; 1981, 414, 497; 1983, 1583; 1995, 2235; 1997, 1286; 1999, 72
, 801 , 802 ; 2001, 2902 )
All moneys, funds and
property of the State of Nevada, in the custody and control of the State
Treasurer or his office by virtue of his official position as State
Treasurer, are hereby designated as the State Treasury of the State of
Nevada.
(Added to NRS by 1957, 153)
The State Treasurer shall:
1. Provide information to either house of the Legislature,
whenever required, upon any subject connected with the Treasury or any
duty of his office.
2. Prepare and submit an annual report of the operations of his
office to the Governor and the Legislative Commission within 60 working
days after:
(a) The close of a fiscal year; or
(b) The latest date established by the Legislature to close
accounts for a fiscal year,
Ê whichever occurs later for that fiscal year.
[5:14:1866; A 1931, 200; 1931 NCL § 7535]—(NRS A 1965, 34; 1971,
372; 1977, 560; 1981, 343; 2001, 2903 )
1. The books, papers and transactions of the Office of the State
Treasurer shall be open at all times for the inspection of the Governor,
the State Controller, the State Board of Examiners, either house of the
Legislature, or of any committee thereof, or person authorized by law.
2. For any failure (except it be unavoidable) to comply with the
provisions of this section, the State Treasurer shall forfeit his office,
and the Governor shall declare the same vacant, and shall appoint a
successor.
[6:14:1866; A 1873, 175; B § 2843; BH § 1842; C § 1989; RL § 4365;
NCL § 7536]—(NRS A 1965, 34; 1971, 372)
1. The State Treasurer shall pay all warrants drawn upon him by
the State Controller, out of the proper fund, as directed, in the order
in which the same are presented.
2. If there be no money to pay any warrant when presented, the
State Treasurer shall endorse thereon the words “not paid for want of
funds,” and shall note the date of presentation, and attest the
endorsement made, by his official signature. He shall at the same time
make an entry of the date of presentation, number and amount of the
warrant in the register required by law to be kept by him. So soon as
money accumulates or is received into the state treasury, applicable to
and sufficient for the payment of any outstanding warrant or warrants so
presented for payment and not paid for want of funds, the State Treasurer
shall post a notice in writing in a conspicuous place in his office,
setting forth the number and amount of his warrant or warrants, and the
fact that there is money in the State Treasury to pay the same. From the
time of the posting of such notice no interest shall be allowed or paid
upon any warrant which by law is or may be entitled to bear interest.
[1:54:1869; B § 2849; BH § 1847; C § 1994; RL § 4370; NCL § 7541]
Any failure,
neglect or refusal on the part of the State Treasurer to pay any warrant
when presented, there being money in the State Treasury to pay the same,
or to post the notice within 5 days, as required in NRS 226.140 , after there shall have been received into the
State Treasury money applicable and sufficient to pay any warrant or
warrants presented and not paid for want of funds, or after having
received the money and posted the notice on presentation for payment, to
pay the warrants so posted, shall subject him to damages to the person or
persons aggrieved to an amount equal to treble interest on the sum
specified in the warrant or warrants not paid on presentation, as
provided in this section, such interest being computed at the rate of 3
percent per month during the time such warrant or warrants remain unpaid.
In any suit brought to recover the same, judgment shall be rendered to
cover the damages at the time of the entry thereof and for costs.
[2:54:1869; B § 2850; BH § 1848; C § 1995; RL § 4371; NCL § 7542]
1. The State Treasurer shall deposit all moneys under his control
in the manner provided in chapter 356 of NRS.
2. The State Treasurer shall securely keep in the safe and vault
provided for him for that purpose, in his office at the seat of
government, all bonds and securities of the state pertaining to his
office, and shall not deposit any part or portion of the same with any
individual, copartnership or corporation.
3. He shall not use the public moneys, or any part thereof, or
allow anyone else to do so, except in the payment of bonds, coupons or
warrants properly drawn upon him by the State Controller.
[3:54:1869; A 1869, 139; 1873, 171; B § 2851; BH § 1849; C § 1996;
RL § 4372; NCL § 7543]—(NRS A 1959, 568)
The State Treasurer shall
refuse to redeem any warrants, scrip, orders or other evidence of
indebtedness against the state whenever it shall come to his knowledge
that such warrants, scrip or other evidence of indebtedness have been
purchased, sold, received or transferred in violation of law.
[Part 98:108:1866; B § 2696; BH § 1733; C § 1879; RL § 2845; NCL §
4845]
There is hereby created an Account for the Rebate of
the Governmental Services Tax to Senior Citizens within the State General
Fund. The State Treasurer shall administer the Account.
(Added to NRS by 2003, 3491 )
The State Treasurer is ex officio State Disbursing
Officer for the Federal Government. As such, he shall:
1. Act for the Federal Government with respect to all financial
matters required of him by the Federal Government.
2. Keep proper books and accounts and prepare vouchers and
receipts relating thereto.
3. Keep books of account and sign and pay all warrants relating to
all state payroll deductions at the time and in the manner required,
according to federal law and regulation.
4. Perform such other duties in connection with the duties
designated in subsections 1, 2 and 3 as may be required in the proper
exercise thereof.
5. Adopt such regulations as are necessary to carry out the
provisions of this section.
[Part 4:320:1955]—(NRS A 1991, 1696)
The State Treasurer shall
have power to administer all oaths or affirmations required or allowed by
law in matters touching the duties of his office.
[Part 10:14:1866; B § 2847; BH § 1846; C § 1993; RL § 4369; NCL §
7540]
The State Treasurer
shall perform all duties not enumerated in this chapter which may be
enjoined by law.
[Part 10:14:1866; B § 2847; BH § 1846; C § 1993; RL § 4369; NCL §
7540]
1. Except as provided in subsection 3, the State Treasurer is
expressly prohibited:
(a) From purchasing or selling, or in any manner receiving to his
own use or benefit, or to the use and benefit of any person or persons
whatever, any state warrants, scrip, orders, demands, claim or claims, or
other evidence of indebtedness against the State; or
(b) From purchasing or being interested, or receiving, selling, or
transferring, or causing to be purchased, received, sold or transferred,
either in person or by agent or attorney, or by or through the agency or
means of any person or persons whatever, any interest, claim, demand or
other evidence of indebtedness against the State, either directly or
indirectly; nor shall any clerk or employee of the State Treasurer be
allowed to make any such purchase, sale or transfer, or to receive any
agency from other parties to purchase, sell, transfer or bargain, in any
manner, for any state warrants, scrip, demands or other evidence of
indebtedness against the State.
2. Any person violating any of the provisions of subsection 1
shall be guilty of a gross misdemeanor. A conviction shall operate as a
forfeiture of office, and the party convicted shall forever be
disqualified from holding any office of honor, profit or trust in this
state.
3. Nothing in this section shall prevent the State Treasurer, his
clerks and employees from selling or transferring only such warrants or
scrip as they may receive for their services, but none other.
[Part 71:108:1866; B § 2669; BH § 1706; C § 1852; RL § 2824; NCL §
4824] + [Part 72:108:1866; B § 2670; BH § 1707; C § 1853; RL § 2825; NCL
§ 4825] + [Part 74:108:1866; B § 2672; BH § 1709; C § 1855; RL § 2826;
NCL § 4826]—(NRS A 1959, 5)
NRS 226.220 Prohibited use of public money; responsibility on bond.
The State Treasurer is made responsible upon his official bond for all
moneys received by him belonging to the State, and is prohibited from
using or loaning or borrowing the same, for any purpose whatever, except
as provided by law.
[7:14:1866; B § 2844; BH § 1843; C § 1990; RL § 4366; NCL § 7537]
If the State Treasurer shall willfully
neglect or refuse to perform any duty enjoined by law, or, by color of
his office, shall knowingly do any act not authorized by law, or in any
other manner than is authorized by law, he shall be deemed guilty of a
misdemeanor and shall be further punished as provided in NRS 197.230
.
[8:14:1866; B § 2845; BH § 1844; C § 1991; RL § 4367; NCL §
7538]—(NRS A 1967, 532)
