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NRS 487.825 - Revolving Account for the Issuance of Salvage Titles: Creation; use of money; transfer of excess balance to State Highway Fund.

NV Rev Stat § 487.825 (2019) (N/A)
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1. The Revolving Account for the Issuance of Salvage Titles is hereby created as a special account in the State Highway Fund.

2. The Department shall use the money in the Account only to pay the expenses relating to the issuance of salvage titles.

3. At the end of each fiscal year, the State Controller shall transfer from the Account to the State Highway Fund an amount of money equal to the balance in the Account which exceeds $50,000.

(Added to NRS by 2007, 1231; A 2009, 1030)

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NRS 487.820 - Salvage title: Procedure for acceptance of application if applicant unable to furnish certificates of title and registration; exception; prohibition on issuance of duplicate certificates of title or registration; procedure for obtaining salvage title upon filing of bond; requirements for bond.
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NRS 487.830 - Transfer of interest in motor vehicle: Transferor to disclose in writing information as to status of vehicle as salvage, rebuilt or reconstructed; additional duties of transferor; criminal penalty.