Nevada Code § 349.855

Director: Establishment of funds and accounts; investments and deposits
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The Director may:
1. Establish such funds or accounts as may
be necessary or desirable for carrying out the provisions of NRS 349.700 to 349.870 , inclusive.
2. Subject to any agreement with the
holders of the bonds, invest or deposit any money received or held by the
Director pursuant to NRS 349.700 to 349.870 , inclusive. The Director is not
required to deposit this money in the State Treasury and the provisions of chapters 355 and 356 of NRS do not apply to any investments or deposits made pursuant to this
subsection.

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