NAC519A.600. Management and use of money held in bond pool.

Latest version.

1. All money held in the bond pool must be held in trust by the State Treasurer and used only for the purposes of the bond pool, including administrative expenses. The State Treasurer may release money to a participant, the responsible regulatory authority or the Division only upon receipt of a written request from the Administrator or his or her designee.

2. All interest earned on money held in the bond pool must be added to the bond pool and be used solely for the purposes of the bond pool. Participants are not entitled to receive any interest on deposits or premiums paid into the pool.

(Added to NAC by Dep’t of Minerals, eff. 10-9-90)

                    
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