Nevada Revised Statutes 637.040 – Election of officers; frequency of meetings; quorum; fiscal year
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1. The Board shall:
Terms Used In Nevada Revised Statutes 637.040
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Quorum: The number of legislators that must be present to do business.
(a) Elect a President, Vice President, Secretary and Treasurer from its membership; and
(b) Meet at least once each year on a date determined by the Board.
2. A majority of the members of the Board constitutes a quorum for the transaction of business of the Board.
3. The Board shall operate on the basis of a fiscal year commencing on July 1 and terminating on June 30.