The Board shall administer the Fund and for that purpose may:
- 1. Enter into all necessary contracts and agreements, including, without limitation, contracts and agreements to obtain the services of consultants, attorneys, auditors, accountants, actuaries and managers of risk.
- 2. Purchase appropriate insurance to cover that portion of a claim for which the Fund is liable and which exceeds an amount agreed upon by the Board and the insurer.
- 3. Employ personnel as necessary and prescribe their compensation and working conditions.
- 4. Rent, lease, purchase or otherwise procure or receive real or personal property.
- 5. Adopt regulations necessary for carrying out the provisions of NRS 428.115 to 428.255, inclusive.
(Added to NRS by 1983, 1941; A 2013, 2883; 2015, 362)