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)