reglab/housing_qa huggingface dataset:
NV Rev Stat § 355.130 (2021)
2021 Nevada Revised Statutes|Chapter 355 - Public Investments|NRS 355.130 - Loans to local governments.

  1. By unanimous vote of its members and with the approval of the State Board of Examiners, the State Board of Finance may lend any available money in the State Treasury, other than that in the State Permanent School Fund and the State Insurance Fund, to local governments situated within the boundaries of the State of Nevada. Such loans must be made only to local governments which have observed the regulations and followed the procedure for obtaining a medium-term obligation set forth in chapter 350 of NRS. Such loans must be made for a period of not longer than 10 years and must bear interest at a rate which does not exceed by more than 3 percent the Index of Twenty Bonds which was most recently published before the bids are received or a negotiated offer is accepted.  2. In making loans to local governments, the State Board of Finance shall follow the procedure for making other loans set forth in this chapter.  [5:93:1919; 1919 RL p. 3111; NCL § 6960] — (NRS A 1959, 422; 1965, 745; 1969, 802; 1973, 16; 1975, 870; 1981, 1415; 1983, 583; 1989, 53; 1995, 1820)
NV Rev Stat § 355.135 (2021)
2021 Nevada Revised Statutes|Chapter 355 - Public Investments|NRS 355.135 - Lending of securities from state investment portfolio.

The State Treasurer may lend securities from the investment portfolio of this state if he or she receives collateral from the borrower which represents at least 102 percent of the value of the securities borrowed. For the purposes of this section, the value of the securities borrowed must be determined on a daily basis.  (Added to NRS by 1995, 407)
NV Rev Stat § 355.145 (2021)
2021 Nevada Revised Statutes|Chapter 355 - Public Investments|NRS 355.145 - Standard of care for investments made pursuant to NRS 355.140.

In investing pursuant to NRS 355.140, the State Treasurer shall exercise the judgment and care, under the circumstances then prevailing, which a person of prudence, discretion and intelligence exercises in the management of his or her own affairs, not in regard to speculation, but in regard to the investment of his or her money, considering the probable income as well as the probable safety of his or her capital.  (Added to NRS by 1993, 2282)
NV Rev Stat § 355.150 (2021)
2021 Nevada Revised Statutes|Chapter 355 - Public Investments|NRS 355.150 - Determinations to be made before investment; opinion of Attorney General.

  1. Before making any investment in the bonds and other securities designated in NRS 355.140, the State Board of Finance, or other board, commission or agency of the State contemplating the making of any such investments shall make due and diligent inquiry as to:  (a) Whether the bonds of such federal agencies are actually underwritten or payment thereof is guaranteed by the United States.  (b) The financial standing and responsibility of the state or states, county or counties, incorporated cities, irrigation districts, drainage districts, school districts, and general improvement districts in the bonds or securities of which such investments are contemplated or are to be made.  (c) Whether such bonds and other securities are valid and duly authorized and issued, and the proceedings incident thereto have been fully complied with.  (d) The financial standing and responsibility of the person or persons, company or companies, corporation or corporations to whom or to which such loans are contemplated.  (e) The value of the lands so mortgaged.  2. Such commission, board or other state agency shall require the Attorney General:  (a) To give his or her legal opinion in writing as to:  (1) The validity of any laws under which such bonds or securities are issued and authorized and in which such investments are contemplated.  (2) The validity of such bonds or other securities.  (b) To examine and pass upon and to give his or her official opinion in writing upon the title and abstract of title or title insurance of all agricultural lands so mortgaged to secure such loans.  3. Unless such commission, board or other state agency is satisfied from such inquiry and opinion that the bonds of such federal agencies are underwritten or payment thereof guaranteed by the United States and of the financial standing and responsibility of the state, county, incorporated city or district issuing such bonds, then such commission, board or other state agency shall not invest such funds therein, but if satisfied, such commission, board or other state agency may, at its option, so invest such funds in such bonds.  [2:191:1943; 1943 NCL § 7058.01] — (NRS A 1967, 1713; 1979, 1641; 1981, 1525; 1999, 1825)
NV Rev Stat § 355.160 (2021)
2021 Nevada Revised Statutes|Chapter 355 - Public Investments|NRS 355.160 - Purpose of NRS 355.140 and 355.150.

Except as otherwise provided in NRS 355.140 and 355.150, the State Board of Finance, State Board of Education or other state agency shall proceed in the same manner as the law relating to each of them requires in the making of such investments, the purpose of NRS 355.140 and 355.150, being merely to designate the classes of bonds and other securities and loans in which the funds mentioned in NRS 355.140 lawfully may be invested and the other matters relating thereto as specified in NRS 355.140 and 355.150.  [3:191:1943; 1943 NCL § 7058.02] — (NRS A 1981, 1525; 1999, 1825)
NV Rev Stat § 355.168 (2021)
2021 Nevada Revised Statutes|Chapter 355 - Public Investments|NRS 355.168 - Pooling of money of local governments within county for investment.

  1. Except as otherwise provided in this section or by statute or contract regarding money from a particular source, the county treasurer of any county may pool, for purposes of investment, any money held by him or her for local governments, as defined in NRS 354.474, which the county treasurer is otherwise authorized by statute to invest.  2. Before pooling any money pursuant to subsection 1, the county treasurer shall notify in writing each local government whose money is to be included in the pool. The county treasurer may pool the money of the various local governments notified unless he or she is directed by a local government, within 15 days after receipt of the notice, to invest all or a portion of its money separately from any money so pooled. The notice must include a copy of the guidelines established by the county treasurer pursuant to subsection 3 and must state the time within which the local government must respond, as provided in this subsection.  3. The county treasurer must establish written guidelines for the pooling of money for investments, including provisions concerning:  (a) The method of allocating any income or loss from any investments among the participating local governments;  (b) The procedures for notification of the county treasurer by a local government of how long a period the money is expected to be available for investment;  (c) Early withdrawals, of money invested through the pool, by request of a participating local government, and the charging of any penalties or loss of interest incurred because of the early withdrawal, against the money of that local government; and  (d) The method by which a local government may partially or completely terminate its participation in the pool.  (Added to NRS by 1985, 2109)
NV Rev Stat § 355.169 (2021)
2021 Nevada Revised Statutes|Chapter 355 - Public Investments|NRS 355.169 - Legal action by county to recover investment; expenses.

  1. If an investment of the money of a county or other local government is made by the county treasurer, whether separately or through a pooling arrangement as provided in NRS 355.168, the county may, on behalf of that local government, take any lawful action necessary to recover the money invested if:  (a) The principal of and interest on any investment is not received when due; or  (b) The corporation, bank, credit union, broker or other person with whom the investment is made becomes insolvent or bankrupt or is placed in receivership.  2. The expenses of any action taken pursuant to this section must be paid from the money recovered and allocated among the funds from which the investment is made in the same manner as any loss on an investment is allocated. If the total amount of money recovered is insufficient to pay those expenses, the excess amount is a charge against the county.  (Added to NRS by 1985, 2110; A 1999, 1481)
NV Rev Stat § 355.171 (2021)
2021 Nevada Revised Statutes|Chapter 355 - Public Investments|NRS 355.171 - Additional authorized investments; exceptions.

  1. Except as otherwise provided in this section, the governing body of a local government or an administrative entity established pursuant to NRS 277.080 to 277.180, inclusive, that is not a local government may purchase for investment:  (a) Notes, bonds and other unconditional obligations for the payment of money issued by corporations organized and operating in the United States that:  (1) Are purchased from a registered broker-dealer;  (2) At the time of purchase have a remaining term to maturity of no more than 5 years; and  (3) Are rated by a nationally recognized rating service as "A" or its equivalent, or better.  (b) Collateralized mortgage obligations that are rated by a nationally recognized rating service as "AAA" or its equivalent.  (c) Asset-backed securities that are rated by a nationally recognized rating service as "AAA" or its equivalent.  2. With respect to investments purchased pursuant to paragraph (a) of subsection 1:  (a) Such investments must not, in aggregate value, exceed 25 percent of the total par value of the portfolio as determined at the time of purchase;  (b) Not more than 5 percent of the total par value of the portfolio may be in notes, bonds and other unconditional obligations issued by any one corporation; and  (c) If the rating of an obligation is reduced to a level that does not meet the requirements of that paragraph, the investment adviser must, as soon as possible, report the reduction in the rating to the governing body of the local government or administrative entity that purchased the investment.  3. Subsections 1 and 2 do not:  (a) Apply to a:  (1) Board of county commissioners of a county whose population is less than 100,000;  (2) Board of trustees of a county school district in a county whose population is less than 100,000;  (3) Governing body of an incorporated city whose population is less than 150,000;  (4) Governing body of a local government not specified in subparagraph (1), (2) or (3) if the population subject to the jurisdiction of the governing body or served by the governing body is less than 100,000; or  (5) Governing body of an administrative entity established pursuant to NRS 277.080 to 277.180, inclusive, that is not a local government if the population subject to the jurisdiction of the governing body or served by the governing body is less than 150,000,  unless the purchase is effected by the State Treasurer pursuant to his or her investment of a pool of money from local governments or by an investment adviser who is registered with the Securities and Exchange Commission and approved by the State Board of Finance.  (b) Authorize the investment of money administered pursuant to a contract, debenture agreement or grant in a manner not authorized by the terms of the contract, agreement or grant.  4. As used in this section, "local government" has the meaning ascribed to it in NRS 354.474.  (Added to NRS by 2001, 597; A 2011, 1219; 2019, 665)
NV Rev Stat § 355.172 (2021)
2021 Nevada Revised Statutes|Chapter 355 - Public Investments|NRS 355.172 - Possession of securities purchased by or for local government; security interest in lieu of possession.

  1. Except as otherwise provided in NRS 355.178, any securities purchased as an investment of money by or on behalf of a local government, as defined in NRS 354.474, must remain in the possession of the county treasurer, the appropriate officer of that local government or a qualified bank or trust, throughout the period of the investment, except that any securities subject to repurchase by the seller may be evidenced by a fully perfected, first-priority security interest, as provided in subsection 3.  2. The county treasurer or the appropriate officer of a local government may physically possess those securities, which must be registered in the name of the local government, or may make an agreement, in writing, with any qualified bank or trust to hold those securities for, and in the name of, that local government. If such an agreement is made, the bank or trust shall furnish the county treasurer or the appropriate officer of the local government with a written statement acknowledging that it is so holding the securities.  3. If the securities purchased are subject to an arrangement for the repurchase of those securities by the seller thereof, the county treasurer, the appropriate officer of the local government or a qualified bank or trust may, in lieu of the requirement of possession, obtain the sole, fully perfected, first-priority security interest in those securities. If the bank or trust obtains such a security interest, it shall furnish the county treasurer or the appropriate officer of the local government with a written statement acknowledging that fact. Any securities so purchased must, at the time of purchase by or for a local government, have a fair market value equal to or greater than the repurchase price of the securities.  4. For the purposes of this section, a bank or trust is qualified to hold securities for a local government if the bank or trust is rated by a nationally recognized rating service as "AA-" or its equivalent, or better.  (Added to NRS by 1985, 2109; A 1987, 1306; 1999, 927; 2005, 1346)
NV Rev Stat § 355.175 (2021)
2021 Nevada Revised Statutes|Chapter 355 - Public Investments|NRS 355.175 - Authority for investments; priority in case of conflicting orders concerning same money; disposition of interest.

  1. The governing body of any local government or agency, whether or not it is included in the provisions of chapter 354 of NRS, may:  (a) Direct its treasurer or other appropriate officer to invest its money or any part thereof in any investment which is lawful for a local government pursuant to NRS 355.170; or  (b) Allow a county treasurer to make such investments through a pool as provided in NRS 355.168.  2. In case of conflict, any order made pursuant to paragraph (a) of subsection 1 takes precedence over any other order concerning the same money or funds pursuant to subsection 5 of NRS 355.170.  3. Any interest earned from investments made pursuant to this section must be credited, at the discretion of the local governing unit, to any fund under its control, but the designation of the fund must be made at the time of investment of the principal.  (Added to NRS by 1967, 276; A 1985, 2112; 1993, 213, 2289; 2003, 20th Special Session, 284)
NV Rev Stat § 355.176 (2021)
2021 Nevada Revised Statutes|Chapter 355 - Public Investments|NRS 355.176 - Investment of money held by local government pursuant to deferred compensation plan.

Any money held by a local government pursuant to a deferred compensation plan may be invested in the types of investments set forth in paragraphs (a) to (h), inclusive, of subsection 1 of NRS 355.170 and may additionally be invested in corporate stocks, bonds and securities, mutual funds, savings and loan or savings bank accounts, credit union accounts, life insurance policies, annuities, mortgages, deeds of trust or other security interests in real or personal property.  (Added to NRS by 1979, 801; A 2019, 666)
NV Rev Stat § 355.177 (2021)
2021 Nevada Revised Statutes|Chapter 355 - Public Investments|NRS 355.177 - Investment in own securities or interim warrants prohibited.

No governing body of any local government or agency, as defined in NRS 354.474, may invest any of its moneys, or any part thereof, in:  1. Its own securities of any kind.  2. Interim warrants from any source.  (Added to NRS by 1969, 1087)
NV Rev Stat § 355.180 (2021)
2021 Nevada Revised Statutes|Chapter 355 - Public Investments|NRS 355.180 - Bonds of Home Owners’ Loan Corporation and Federal Home Loan Bank are legal investments.

It shall be legal for this state and any of its departments or political subdivisions, or any political or public corporation, or any instrumentality of the State to invest their funds, or moneys in their custody, in the bonds of the Home Owners’ Loan Corporation or in the bonds of any Federal Home Loan Bank, or in consolidated Federal Home Loan Bank bonds, debentures or notes.  [Part 1:61:1935; 1931 NCL § 3695.01]
NV Rev Stat § 355.190 (2021)
2021 Nevada Revised Statutes|Chapter 355 - Public Investments|NRS 355.190 - Loans and advances of credit by Federal Housing Administrator.

  1. Subject to such regulations as may be prescribed by the Federal Housing Administrator, the State of Nevada and any city or county or instrumentality thereof are authorized:  (a) To make such loans and advances of credit, and purchases of obligations representing the loans and advances of credit, as are eligible for insurance by the Federal Housing Administrator, and to obtain such insurance.  (b) To make such loans secured by mortgage on real property as are eligible for insurance by the Federal Housing Administrator, and to obtain such insurance.  (c) To purchase, invest in, and dispose of notes or bonds secured by mortgage insured by the Federal Housing Administrator, securities of national mortgage associations, and debentures issued by the Federal Housing Administrator.  2. No law of this state prescribing the nature, amount or form of security or requiring security upon which loans or advances of credit may be made, or prescribing or limiting interest rates upon loans or advances of credit, or prescribing or limiting the period for which loans or advances of credit may be made, shall apply to loans, advances of credit or purchases made pursuant to subsection 1.  3. All loans, advances of credit, and purchases of obligations described in this section heretofore made and insured pursuant to the terms of the National Housing Act are hereby validated and confirmed.  [Part 1:58:1935; A 1937, 147; 1939, 43; 1931 NCL § 3652.01] + [Part 2:58:1935; 1931 NCL § 3652.02] + [3:58:1935; 1931 NCL § 3652.03]
NV Rev Stat § 355.200 (2021)
2021 Nevada Revised Statutes|Chapter 355 - Public Investments|NRS 355.200 - Depositary bonds.

  1. Whenever by the terms of any general or special law depositaries of public or other funds are required by law to give security therefor, the bonds of any Federal Home Loan Bank or the bonds of the Home Owners’ Loan Corporation, or consolidated Federal Home Loan Bank bonds, debentures or notes may be used as security for any depositary bonds or obligations wherein any kind of bonds or other security are required or may by law be deposited as security.  2. Whenever collateral must or may be furnished by any depositary of the State of Nevada as security for the deposit of any funds whatever, or whenever collateral must or may be deposited with any official of the State of Nevada pursuant to any statute of this state, notes and bonds insured and debentures issued by the Federal Housing Administrator and obligations of national mortgage associations shall be considered eligible collateral for such purposes.  [4:58:1935; added 1937, 147; A 1939, 43; 1931 NCL § 3652.03a] + [2:61:1935; 1931 NCL § 3695.02]
NV Rev Stat § 355.210 (2021)
2021 Nevada Revised Statutes|Chapter 355 - Public Investments|NRS 355.210 - Conditions and requirements for investment.

  1. Except as otherwise provided in subsection 2, when any money has been deposited in any court pursuant to law or rule of court, and when in the judgment of the clerk of the court, or the judge thereof if there is no clerk, payment out of the deposit will not be required for 90 days or more, the clerk or the judge, as the case may be, may invest the money so deposited, either alone or by commingling it with other money deposited.  2. If money has been deposited in any court pursuant to chapter 37 of NRS, the money must be kept in a separate account and invested.  3. The investment may be made:  (a) By deposit at interest in a state or national bank or credit union in the State of Nevada; or  (b) In bills, bonds, debentures, notes or other securities whose purchase by a board of county commissioners is authorized by NRS 355.170.  4. Except as otherwise provided in NRS 37.280, the interest earned from any investment of money pursuant to this section must be deposited to the credit of the general fund of the political subdivision or municipality which supports the court.  5. The requirements of this section may be modified by an ordinance adopted pursuant to the provisions of NRS 244.207, except the requirements of subsection 2.  (Added to NRS by 1971, 657; A 1973, 1684; 1999, 1485; 2007, 752)
NV Rev Stat § 355.220 (2021)
2021 Nevada Revised Statutes|Chapter 355 - Public Investments|NRS 355.220 - Retirement Benefits Investment Board: Creation; membership; powers and duties.

  1. The Retirement Benefits Investment Board is hereby created. The membership of the Board consists of the members of the Public Employees’ Retirement Board, who shall serve in that capacity ex officio and without any additional compensation.  2. The Board shall establish and administer a fund to be known as the Retirement Benefits Investment Fund for the investment of money deposited with the Board pursuant to subsection 6 or NRS 287.017. Any money received by the Board pursuant to subsection 6 or NRS 287.017 shall be deemed to be held for investment purposes only and not in any fiduciary capacity. Any money in the Fund must be invested in the same manner as money in the Public Employees’ Retirement Fund is invested. The interest and income earned on the money in the Fund, after deducting any applicable charges, must be credited to the Fund.  3. Money in the Fund may be transferred to the State Retirees’ Health and Welfare Benefits Fund created by NRS 287.0436 to be used for the purposes specified in NRS 287.0436.  4. The Board may assess reasonable charges against the Fund for the payment of its expenses in administering the Fund. Except as otherwise provided in subsection 3, no other money may be withdrawn from the Fund except as directed by the board responsible for that money pursuant to subsection 6 or NRS 287.017, as applicable.  5. Except as otherwise provided in this section, the Board has the same powers and duties in carrying out the provisions of this section as those pertaining to the administration of the Public Employees’ Retirement Fund by the Public Employees’ Retirement Board. The Retirement Benefits Investment Board may employ such staff and contract for the provision of such management, investment and other services, including, without limitation, the services of accountants, actuaries, attorneys and investment managers, as are necessary for the administration of the Fund and to carry out the provisions of this section.  6. Notwithstanding any other provision of law, the Board of the Public Employees’ Benefits Program may deposit any of the assets of the Public Employees’ Benefits Program in the Fund for purposes of investment if it obtains an opinion from its legal counsel that the investment of those assets in accordance with this section will not violate any of the provisions of Sections 9 and 10 of Article 8 of the Nevada Constitution.  7. As used in this section, unless the context otherwise requires:  (a) "Board" means the Retirement Benefits Investment Board created pursuant to this section.  (b) "Fund" means the Retirement Benefits Investment Fund created pursuant to this section.  (Added to NRS by 2007, 903; A 2010, 26th Special Session, 12)
NV Rev Stat § 355.250 (2021)
2021 Nevada Revised Statutes|Chapter 355 - Public Investments|NRS 355.250 - Definitions.

As used in NRS 355.250 to 355.285, inclusive, unless the context otherwise requires, the words and terms defined in NRS 355.255, 355.260 and 355.265 have the meanings ascribed to them in those sections.  (Added to NRS by 2011, 2581)