Statute 353d 360

1. The Nevada Employee Savings Trust Administrative Fund is hereby created in the State Treasury. 2. The Board shall administer the Administrative Fund. 3. The Board shall deposit in the Administrative Fund all money received for the Program, including, without limitation: (a) Money appropriated to the Administrative Fund by the Legislature; (b) Money transferred to the Administrative Fund from the Federal Government, other state agencies or local governments; (c) Any gifts, donations, grants or other money designated for the Administrative Fund from the State, or any unit of federal or local government, or any other person, firm, partnership, corporation or other entity solely for deposit into the Administrative Fund, whether for investment or administrative expenses; and (d) Earnings on money in the Administrative Fund. 4. The Board shall use the money in the Administrative Fund solely to pay the administrative costs and expenses of the Program and the administrative costs and expenses the Board incurs in the performance of its duties. (Added to NRS by 2023, 2809, effective July 1, 2025)