1. The State Treasurer shall establish the rate of interest to be paid on the maturity of each time certificate of deposit.
2. The State Treasurer shall make all such deposits through warrants of the State Controller.
3. The State Controller shall maintain accurate records of inactive deposits. Time certificates of deposit which are placed with insured banks, credit unions, savings and loan associations and savings banks shall be deemed to constitute inactive deposits.
(Added to NRS by 1959, 571; A 1965, 35; 1969, 889; 1979, 725; 1981, 343; 1983, 750; 1999, 1485)