Section 287.703 - Interlocal contract with political subdivision: Entry; requirements1. The Committee will, pursuant to NRS 277.180, enter into an interlocal contract with a political subdivision to enable any employee of the political subdivision to participate in the Program if the Committee determines, by a majority vote of all its members, that entering into the contract is in the best interest of the Program. 2. In addition to the requirements of NRS 277.180, an interlocal contract entered into pursuant to subsection 1 must provide that: (a) The contract continues in effect until terminated by: (1) The mutual consent of the parties; (2) One of the parties giving 60 days' written notice to the other party; or (3) The withdrawal, limitation or impairment of any money provided to the Committee by the State or the Federal Government for the administration of the Program. (b) Except as otherwise provided by the terms of the contract, an employee of the political subdivision participates in the Program subject to the same terms and conditions that apply to state employees and employees of the Nevada System of Higher Education. 3. As used in this section, "political subdivision" includes, without limitation, a county, city, town, school district or special district.Nev. Admin. Code § 287.703
Added to NAC by Com. to Admin. Pub. Employees' Deferred Comp. Prog. by R128-15, eff. 4/4/2016