NAC355.280. Duties of officers of Corporation.

The officers of the Corporation shall:

     1. Maintain custody of all funds, securities, contracts, bills of exchange and promissory notes of the Corporation, and any assignments of property or money, stocks, bonds, certificates, vouchers, deeds, evidences of indebtedness, indentures and any other property belonging to, or owed by, the Corporation.

     2. Carry out the investments of the Corporation by transferring money from the State Permanent School Fund to the Fund of Funds Manager or other external asset managers with whom the Corporation is placing investments.

     3. On behalf of the Corporation, sign all papers required by law, the bylaws of the Corporation or the Board, or designate a signatory to sign such papers.

     4. On behalf of the Corporation, endorse for collection checks, notes and other obligations.

     5. Deposit all money to the credit of the Corporation in the banks or depository institutions designated by the Board.

     6. Sign all receipts and vouchers for payment made by the Corporation.

     7. Enter regularly into the books of the Corporation full and accurate accounts of all money received and paid by the Corporation and, whenever requested by the Board, render a statement of the cash account of the Corporation.

     8. Upon reasonable notice and during business hours, provide access to the books of account of the Corporation to a member of the Board who requests such access.

     9. If required by the Board, give bond to the Corporation conditioned on the faithful performance of the officer’s duties in such a sum, and with such security, as required by the Board. The Corporation shall bear the expense of such a bond.

     10. Keep the minutes of all meetings of the Board in accordance with chapter 241 of NRS.

     11. If designated by the Board, attend, act and vote at a meeting of the stockholders of a corporation in which the Corporation holds stock. At such a meeting, the officer designated by the Board possesses and may exercise any rights and powers incident to the ownership of such stock.

     12. Perform any other duties established by the bylaws of the Corporation.

     (Added to NAC by St. Treasurer by R128-11, eff. 2-20-2013)