Nevada Revised Statutes 218F.230 – Checking account; advance money for travel
1. The Legislative Counsel Bureau shall maintain a checking account in any qualified bank or credit union for the purposes of:
Terms Used In Nevada Revised Statutes 218F.230
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Lien: A claim against real or personal property in satisfaction of a debt.
- Majority leader: see Floor Leaders
(a) Providing advance money and reimbursement to Legislators and officers and employees for travel expenses;
(b) Paying the salaries of persons on the payroll of the Legislative Department and any related payroll costs; and
(c) Paying other expenses which may or must be paid from the Legislative Fund and any other expenses directed by the Legislative Commission.
2. The checking account must be secured by a depository bond to the extent the account is not insured by the Federal Deposit Insurance Corporation, the National Credit Union Share Insurance Fund or a private insurer approved pursuant to NRS 672.755.
3. All checks written on the checking account must be signed by the Chair of the Legislative Commission and the Director or the Director’s designee, except that during a regular session, the Majority Leader of the Senate and the Speaker of the Assembly shall sign the checks.
4. A request for advance money for travel constitutes a lien in favor of the Legislative Fund upon the accrued salary, subsistence allowance and travel expenses of the Legislator or officer or employee in an amount equal to the sum advanced.
5. A Legislator or officer or employee who receives advance money for travel:
(a) Is entitled to receive upon request any authorized travel expenses in excess of the amount advanced.
(b) Shall reimburse the Legislative Fund any amount advanced that is not used for reimbursable travel expenses.