634.050 - Deposit and use of money; delegation of authority to take disciplinary action; deposit of fines; claims for attorney’s fees and costs of investigation.
634.050 Deposit and use of money; delegation of authority to take disciplinary action; deposit of fines; claims for attorney’s fees and costs of investigation.
1. Except as otherwise provided in subsection 3, all money collected by the Board must be deposited in banks, credit unions or savings and loan associations in the State of Nevada, and must be used by the Board to defray its legitimate expenses.
2. The Board may delegate to a hearing officer or panel its authority to take any disciplinary action pursuant to this chapter, impose and collect fines therefor and deposit the money therefrom in banks, credit unions or savings and loan associations 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 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.
[12:23:1923; A 1949, 655; 1943 NCL § 1091]—(NRS A 1963, 153; 1965, 61; 1983, 1536; 1999, 1533)