Nevada Revised Statutes Title 54. Professions, Occupations and Businesses § 623A.150. Deposit and use of money collected by Board; delegation of authority concerning disciplinary action; deposit of fines; claim for attorney's fees or cost of investigation

1. All money coming into the possession of the Board must be kept or deposited by the Executive Director in an account in a bank, credit union, savings and loan association or savings bank in this State.

2. Except as otherwise provided in subsection 6, all money collected by the Board must be used to pay the expenses of:

3. The expenses, including the per diem allowances and travel expenses of the members and employees of the Board while engaged in the business of the Board and the expenses to conduct examinations, must be paid from the current receipts. No portion thereof may be paid from the State Treasury.

4. Any balance remaining in excess of the expenses incurred may be retained by the Board and used to defray the future expenses of the Board.

5. 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 the provisions of this chapter, impose and collect fines and penalties therefor and deposit the money therefrom in an account maintained by the Board in a bank, credit union, savings and loan association or savings bank specified in subsection 1.

6. If a hearing officer or panel is not authorized to take disciplinary action pursuant to the provisions of subsection 5 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.