Plain English summary not yet available
The full original text is available below. Check back soon as we process this bill.
S.B. 13
-
*SB13*
SENATE BILL NO. 13–COMMITTEE ON GOVERNMENT AFFAIRS
(ON BEHALF OF WHITE PINE COUNTY)
PREFILED OCTOBER 28, 2026
____________
Referred to Committee on Government Affairs
SUMMARY—Revises provisions relating to county treasurers.
(BDR 20-523)
FISCAL NOTE: Effect on Local Government: May have Fiscal Impact.
Effect on the State: No.
Effect on the State Highway Fund: No.
~
EXPLANATION – Matter in bolded italics is new; matter between brackets [omitted material] is material to be omitted.
AN ACT relating to county treasurers; requiring quarterly reporting
regarding the investment of county money; and providing
other matters properly relating thereto.
Legislative Counsel’s Digest:
Existing law requires the county treasurer of each county to submit to the board
1
of county commissioners at any regular or special meeting a monthly statement of
2
the source and amount of all receipts, apportionments to, payments from and
3
balances in all funds of the county. (NRS 354.280) Existing law additionally
4
prescribes general requirements relating to the investment of the money of a
5
county. (NRS 355.165-355.177) Section 1 of this bill requires the county treasurer
6
of each county to submit to the board of county commissioners by a prescribed
7
deadline a report concerning the investment of the money of the county during each
8
calendar quarter. By the same prescribed deadline, section 1 requires each such
9
quarterly report to be: (1) presented by the county treasurer in person to the board
10
of county commissioners at a regular or special meeting of the board; (2) filed with
11
the county clerk for public examination; and (3) posted on an Internet website
12
maintained by the county treasurer or county, as applicable.
13
– 2 –
-
*SB13*
THE PEOPLE OF THE STATE OF NEVADA, REPRESENTED IN
SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS:
Section 1. Chapter 249 of NRS is hereby amended by adding
1
thereto a new section to read as follows:
2
Within 45 days after the end of each calendar quarter, the
3
county treasurer shall:
4
1. Prepare and submit to the board of county commissioners
5
a report concerning the investment of the money of the county
6
during the immediately preceding calendar quarter. The report
7
must include, without limitation:
8
(a) For each account in which money of the county is invested,
9
the following information, if applicable, regarding each type of
10
asset held in the account:
11
(1) The par value, market value and book value;
12
(2) The maturity date, interest rate and yield; and
13
(3) The credit quality and credit rating;
14
(b) A detailed explanation of any material change, loss or risk
15
to any investment of the money of the county since the
16
immediately preceding calendar quarter; and
17
(c) A certification by the county treasurer that the investments
18
included in the report comply with the requirements provided by
19
law for the investment of money of the county.
20
2. Present the report required by subsection 1 in person to the
21
board of county commissioners at a regular or special meeting of
22
the board.
23
3. File a copy of the report required by subsection 1 with the
24
county clerk for examination by the public.
25
4. Post a copy of the report required by subsection 1 on an
26
Internet website that is maintained by the county treasurer or, if
27
the county treasurer does not maintain an Internet website, on an
28
Internet website maintained by the county.
29
Sec. 2. This act becomes effective on July 1, 2027.
30
H