NRS 637.060 - Deposit and use of money received by Board; delegation of authority to take disciplinary action; deposit of fines imposed by Board; claims for attorney’s fees and costs of investigation.

NV Rev Stat § 637.060 (2019) (N/A)

Copy with citation

Copy as parenthetical citation

1. Except as otherwise provided in subsection 3, all money received by the Board under the provisions of this chapter must be deposited in banks, credit unions, savings and loan associations or savings banks in the State of Nevada. The money may be drawn on by the Board for payment of all expenses incurred in the administration of the provisions of this chapter.

2. In a manner consistent with the provisions of chapter 622A of NRS, the Board may delegate to a hearing officer or panel its authority to take any disciplinary action pursuant to this chapter, impose and collect administrative fines therefor and deposit the money therefrom in banks, credit unions, savings and loan associations or savings banks in this State.

3. If a hearing officer or panel is not authorized to take disciplinary action pursuant to subsection 2 and the Board deposits the money collected from the imposition of administrative fines with the State Treasurer for credit to the State General Fund, it may present a claim to the State Board of Examiners for recommendation to the Interim Finance Committee if money is needed to pay attorney’s fees or the costs of an investigation, or both.

[Part 11:216:1951; A 1953, 554] — (NRS A 1963, 155; 1983, 1537; 1999, 1534; 2005, 771)

Previous Section

NRS 637.050 - Offices; meetings.

Next Section

NRS 637.070 - Rules and regulations; seal; members may be empowered to conduct proceedings, hearings and investigations; employees and assistants.