Any money received by the Board of Regents on behalf of the Ethics Institute pursuant to NRS 396.7972, may be deposited by the Board of Regents to the credit of the Ethics Institute in any financial institution in the State of Nevada that is federally insured or insured by a private insurer approved pursuant to NRS 672.755. The Board of Regents may act through any authorized agent in depositing or withdrawing any money in such an account.