Nev. Rev. Stat. § 353.280
Authorized investments; interest; investment in reverse-repurchase agreement prohibited
Nevada · Nevada Revised Statutes Chapter 353 — State Financial Administration · Status: effective
Cite this
- Citation
- Nev. Rev. Stat. § 353.280, Authorized investments; interest; investment in reverse-repurchase agreement prohibited, Nevada, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2105102
- Permanent ID
ys:prov:2105102@1- SHA-256
55ccb2b2a5d0952b31b93629665351a611b3e2274e7b319ecdf7d902661c7f6d
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
1. When state money is placed in escrow, the escrow agent is authorized to invest that money in:
(a) United States Government securities.
(b) United States Postal Service obligations.
(c) Federal National Mortgage Association obligations whose maturity date is before the end of the escrow period.
(d) Money market mutual funds that:
(1) Are registered with the Securities and Exchange Commission;
(2) Are rated by a nationally recognized rating service as “AAA” or its equivalent; and
(3) Invest only in securities issued or guaranteed as to payment of principal and interest by the Federal Government, or its agencies or instrumentalities, or in repurchase agreements that are fully collateralized by such securities.
Ê The interest from the securities must be credited to the proper state agency.
2. The escrow agent shall not invest state money pursuant to a reverse-repurchase agreement.