A voluntary purchasing group shall:
1. Establish administrative and accounting procedures for the operation of the group and the provision of services to members, prepare an annual budget and annual operational fiscal reports;
2. Provide for internal and independent audits; and
3. Maintain all records, reports and other information of the group and may contract with qualified third-party administrators, licensed insurance agents or brokers as needed.
(Added to NRS by 1995, 2681)