Nevada Revised Statutes

Nev. Rev. Stat. § 355.175 (2026)

Authority for investments; priority in case of conflicting orders concerning same money; disposition of interest

✓ current as of July 2026

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NRS 355.175 Authority for investments; priority in case of conflicting orders concerning same money; disposition of interest.

1. The governing body of any local government or agency, whether or not it is included in the provisions of chapter 354 of NRS, may:

(a) Direct its treasurer or other appropriate officer to invest its money or any part thereof in any investment which is lawful for a local government pursuant to NRS 355.170; or

(b) Allow a county treasurer to make such investments through a pool as provided in NRS 355.168.

2. In case of conflict, any order made pursuant to paragraph (a) of subsection 1 takes precedence over any other order concerning the same money or funds pursuant to subsection 5 of NRS 355.170.

3. Any interest earned from investments made pursuant to this section must be credited, at the discretion of the local governing unit, to any fund under its control, but the designation of the fund must be made at the time of investment of the principal.

(Added to NRS by 1967, 276; A 1985, 2112; 1993, 213, 2289; 2003, 20th Special Session, 284)

Notes of Decisions

Cited in 2 cases, 1996–2013 · leading case: Golconda Fire Prot. Dist. v. Cnty. of Humboldt, 918 P.2d 710 (Nev. 1996).

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Golconda Fire Prot. Dist. v. Cnty. of Humboldt, 918 P.2d 710 (Nev. 1996). · cites it 10× “170(5) and NRS 355.175. Authority provided by NRS 355.”

North Lake Tahoe Fire Prot. Dist. v. Washoe Cnty. Bd. of Cnty. Commissioners, 310 P.3d 583 (Nev. 2013). “170 did not confer authority to Humboldt County with respect to the apportionment of [the fire protection district]’s tax proceeds and the interest earned thereon,” and “NRS 355.175 does not convey any author *690 ity to counties for the investment of government funds,” Humboldt…”

— Nev. Rev. Stat. § 355.175(1) — 1 case

Golconda Fire Prot. Dist. v. Cnty. of Humboldt, 918 P.2d 710 (Nev. 1996). “170(5) and NRS 355.175. Authority provided by NRS 355.”

— Nev. Rev. Stat. § 355.175(1)(b) — 1 case

Golconda Fire Prot. Dist. v. Cnty. of Humboldt, 918 P.2d 710 (Nev. 1996). “170(5) and NRS 355.175. Authority provided by NRS 355.”

— Nev. Rev. Stat. § 355.175(3) — 1 case

Golconda Fire Prot. Dist. v. Cnty. of Humboldt, 918 P.2d 710 (Nev. 1996). “170(5) and NRS 355.175. Authority provided by NRS 355.”

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