Nevada Revised Statutes Title 54. Professions, Occupations and Businesses § 648.040. Deposit and use of money received by Board; payment of expenses; delegation of authority to take disciplinary action; deposit of fines; claim for attorney’s fees and costs of investigation

1. Except as otherwise provided in subsection 4, all money received pursuant to the provisions of this chapter must be deposited in banks, credit unions, savings and loan associations or savings banks in the State of Nevada and expended solely for the purposes of this chapter. Except as otherwise provided in subsection 4, the compensation, per diem allowance and travel expenses provided for by this chapter and all expenses incurred under this chapter must be paid from such money, and no such compensation, allowances or expenses may be charged against the State General Fund.

2. The Board through majority vote controls exclusively any expenditures from the money deposited in banks, credit unions, savings and loan associations or savings banks in the State of Nevada pursuant to subsection 1. The Board may not make expenditures or incur liabilities in a total amount greater than the amount of money actually available in such banks, credit unions, savings and loan associations or savings banks.

3. 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, savings and loan associations or savings banks in this State.

4. If a hearing officer or panel is not authorized to take disciplinary action pursuant to subsection 3, the Board shall deposit the money collected from the imposition of fines with the State Treasurer for credit to the State General Fund. In such a case, the Board 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.