(REPRINTED WITH ADOPTED AMENDMENTS) SECOND REPRINT
Assembly Bill No. 574-Committee on Ways and Means
June 9, 1997
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Referred to Committee on Ways and Means
SUMMARY--Establishes certain requirements for any contract entered into by welfare division of department of human resources for distribution of checks for public assistance. (BDR 38-1775)
FISCAL NOTE: Effect on Local Government: No.
Effect on the State or on Industrial Insurance: No.
EXPLANATION - Matter in italics is new; matter in brackets [ ] is material to be omitted.
AN ACT relating to public welfare; establishing certain requirements for any contract entered into by the welfare division of the department of human resources for the distribution of checks for public assistance; and providing other matters properly relating thereto.
THE PEOPLE OF THE STATE OF NEVADA, REPRESENTED IN SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS:
Section 1 Chapter 422 of NRS is hereby amended by adding thereto a new section to read as follows:
1. Before the welfare division may commit any money pursuant to a contract with a person for the distribution of checks for public assistance, it shall obtain approval from the interim finance committee.
2. Any such contract entered into by the welfare division must be with:
(a) A person who is licensed by the division of financial institutions of the department of business and industry pursuant to Title 55 of NRS; or
(b) A depository institution that is chartered by another state or the Federal Government.
Sec. 2 This act becomes effective upon passage and approval.