NAC287.784. Board of trustees: Compensation of members; staffing; provision for expenses.

     1. A governing body may provide for the payment to members of the board of trustees of:

     (a) Compensation of not more than $80 for each day or portion of a day that the member is actually engaged in the work of the board of trustees; and

     (b) The per diem allowance and travel expenses normally provided for officers and employees of the local government, if any, for each day or portion of a day that the member is actually engaged in the work of the board of trustees.

     2. The governing body shall provide to the board of trustees the staff necessary to assist the board of trustees in carrying out its powers and duties, including, without limitation, staff to organize and provide notice of the meetings of the board of trustees, take the minutes of such meetings, receive and disseminate financial reports of the professional fund managers of the trust fund, if any, and prepare financial reports and budgets for the board of trustees.

     3. The governing body shall provide for the necessary and reasonable expenses of the board of trustees, including, without limitation, the costs of the annual audit required pursuant to NAC 287.786.

     (Added to NAC by Com. on Local Gov’t Finance by R089-08, eff. 9-18-2008)