Nevada § 287.04362 - Limitation on use; investment and administration; sources; interest and income; no reversion of balance to State General Fund
Full text of Nevada Nevada Revised Statutes § 287.04362 — Limitation on use; investment and administration; sources; interest and income; no reversion of balance to State General Fund, with citation guidance and answers to common questions.
§ 287.04362. Limitation on use; investment and administration; sources; interest and income; no reversion of balance to State General Fund
1. The money in the Retirees' Fund must not be used or appropriated for any purpose
incompatible with the policies of the Program, as expressed in NRS 287.0402 to 287.049 , inclusive. 2. The Retirees' Fund must be invested and administered to ensure the highest return
consistent with safety in accordance with accepted investment practices and the laws
of this State which may include, without limitation, investment in the Retirement
Benefits Investment Fund established pursuant to NRS 355.220 . 3. The Board has the exclusive control of the administration and investment of the
Retirees' Fund. 4. The following money must be deposited in the Retirees' Fund: (a) All money appropriated by the Legislature to the Retirees' Fund; (b) All money provided for the purpose of offsetting the portion of the costs of the
health and welfare benefits for current and future state retirees pursuant to NRS 287.046 ; (c) All money accruing to the Retirees' Fund from all other sources; and (d) Any other money provided to the Program for the payment of other health and welfare
benefits for current and future state retirees pursuant to NRS 287.046 . 5. The interest and income earned on the money in the Retirees' Fund, after deducting
any applicable charges, must be credited to the Retirees' Fund. 6. Any money remaining in the Retirees' Fund at the end of a fiscal year does not
revert to the State General Fund, and the balance in the Retirees' Fund must be carried
forward.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 287.04362
What does Nevada Revised Statutes § 287.04362 cover?
Section 287.04362 ("Limitation on use; investment and administration; sources; interest and income; no reversion of balance to State General Fund") is part of the Nevada Revised Statutes, the codified statutory law of Nevada. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nevada § 287.04362?
A common citation format is "Nevada Revised Statutes § 287.04362" (Nevada). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nevada law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nevada official source linked on this page or consult a licensed Nevada attorney.
How does Nevada § 287.04362 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nevada can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nevada.