The Board may invest the money in its funds in every kind of investment which persons of prudence, discretion and intelligence acquire or retain for their own account.
NRS 286.682
Authorized investments: “Prudent person” standard
Known as the Public Employees’ Retirement Act
The act spans §§ 286–286 (165 sections).
(Added to NRS by 1973, 850; A 1975, 1062; 1997, 1607)
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.