Nevada § 388A.640 - Regulations
Full text of Nevada Nevada Revised Statutes § 388A.640 — Regulations, with citation guidance and answers to common questions.
§ 388A.640. Regulations
The Director of the Department of Business and Industry shall adopt regulations to
carry out the provisions of NRS 388A.550 to 388A.695 , inclusive, including, without limitation, regulations for: 1. Investment and reinvestment of the proceeds from the sale of the bonds, including,
without limitation: (a) Bonds or other obligations of the United States of America. (b) Bonds or other obligations, the payment of the principal and interest of which
is unconditionally guaranteed by the United States of America. (c) Obligations issued or guaranteed as to principal and interest by any agency or
person controlled or supervised by and acting as an instrumentality of the United
States of America pursuant to authority granted by the Congress of the United States
of America. (d) Obligations issued or guaranteed by any state of the United States of America,
or any political subdivision of any state. (e) Prime commercial paper. (f) Prime finance company paper. (g) Bankers' acceptances drawn on and accepted by commercial banks. (h) Repurchase agreements fully secured by obligations issued or guaranteed as to
principal and interest by the United States of America or by any person controlled
or supervised by and acting as an instrumentality of the United States of America
pursuant to authority granted by the Congress of the United States of America. (i) Certificates of deposit issued by credit unions or commercial banks, including
banks domiciled outside of the United States of America. (j) Money market mutual funds that: (1) Are registered with the Securities and Exchange Commission; (2) Are rated by a nationally recognized rating service as “AAA” or its equivalent;
and (3) Invest only in securities issued or guaranteed as to payment of principal and
interest by the Federal Government, or its agencies or instrumentalities, or in repurchase
agreements that are fully collateralized by such securities. 2. Receiving, holding and disbursing of proceeds of the sale of bonds by one or more
banks, credit unions or trust companies located within or without this State.
Frequently Asked Questions About Nevada § 388A.640
What does Nevada Revised Statutes § 388A.640 cover?
Section 388A.640 ("Regulations") 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 § 388A.640?
A common citation format is "Nevada Revised Statutes § 388A.640" (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 § 388A.640 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.