Use of money withdrawn or appropriated from Program; deposit of certain money withdrawn from Program in deferred compensation account.

1. Law
2. Nevada Revised Statutes
3. Programs for Public Employees
4. Use of money withdrawn or appropriated from Program; deposit of certain money withdrawn from Program in deferred compensation account.

1. No money may be withdrawn or appropriated from the Program, except:

(a) For payment to a participant or beneficiary of a participant pursuant to the terms of the Program;

(b) In the amount required to pay the necessary expenses of administering the Program;

(c) As specifically authorized by federal law or regulation or by a special act of the Legislature; or

(d) To compensate the member of the Committee appointed pursuant to paragraph (c) of subsection 1 of NRS 287.325.

2. All money withdrawn from the Program pursuant to paragraphs (b) and (d) of subsection 1 must be deposited in the State General Fund for credit to the deferred compensation account created pursuant to subsection 2 of NRS 287.330.

(Added to NRS by 1995, 1867; A 1997, 26; 1999, 33)

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