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Nevada Revised Statutes Title 19. Miscellaneous Matters Related to Government and Public Affairs § 235.016. Royalties for medallions and bars; deposit of money collected

Current as of January 01, 2025 | Updated by Findlaw Staff

1. The Director shall set and collect a royalty for the use of The Great Seal of the State of Nevada from the mint which produces the medallions or bars. The amount of the royalty must be:

(a) Based on the usual and customary fee charged as a commission by dealers of similar medallions or bars; and

(b) Adjusted at least once each year to ensure it is competitive with the usual and customary fee.

2. The money collected pursuant to this section must be deposited in the Account for the Division of Minerals created pursuant to NRS 513.103.

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Cite this article: FindLaw.com - Nevada Revised Statutes Title 19. Miscellaneous Matters Related to Government and Public Affairs § 235.016. Royalties for medallions and bars; deposit of money collected - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-19-miscellaneous-matters-related-to-government-and-public-affairs/nv-rev-st-235-016/

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