File #: 21-125   
Status: Agenda Ready
File created: 1/20/2021 In control: Clark County Board of Commissioners
On agenda: 2/2/2021 Final action:
Title: Approve, adopt, and authorize the Chair to sign a resolution extending the letter of credit securing the County's obligations as a self-insured employer under the industrial insurance laws of the State; and providing for other matters properly relating thereto. (For possible action)
Attachments: 1. Staff Report, 2. 2021 LOC Extension Resolution

CLARK COUNTY BOARD OF COMMISSIONERS

AGENDA ITEM

 

Petitioner:

Jessica L. Colvin, Chief Financial Officer

Recommendation: 

title

Approve, adopt, and authorize the Chair to sign a resolution extending the letter of credit securing the County's obligations as a self-insured employer under the industrial insurance laws of the State; and providing for other matters properly relating thereto.  (For possible action)

body

 

 

FISCAL IMPACT:

Fund #:

6530.000

Fund Name:

CC Workers' Comp & Occupational Safety

Fund Center:

1020530000

Funded PGM/Grant:

N/A

Amount:

Not to exceed $1 per $100

Description:

N/A

Additional Comments:

N/A

 

BACKGROUND: 

Nevada Revised Statute 616B.300 requires self-insured employers to post bond, a letter of credit, or other monies to guarantee workers' compensation benefits.  This letter meets those statutory requirements.