1. 1. The governing body of a political subdivision may appoint a committee to which it may delegate the responsibility for administering the program for its employees, including:

   1. (a) Collection of deferred compensation;
   2. (b) Transmittal of money collected to depositories within the State; and
   3. (c) Payment of deferred compensation to participating employees.

2. 2. The committee may contract with a private person, corporation, institution or other entity, directly or through an agency of the political subdivision, for services necessary to the administration of the plan, including without limitation:

   1. (a) Consolidated billing;
   2. (b) Recordkeeping for each participating employee and the program;
   3. (c) Purchase, control and safeguarding of assets;
   4. (d) Communication with its employees; and
   5. (e) Administration and coordination of the program.

(Added to NRS by 1979, 799)