Deposit and use of money received by Board; acceptance of grants, donations and contributions; delegation of authority to take disciplinary action; deposit of fines; claims for attorneys fees and costs of investigation.
Nev. Rev. Stat. § 637.060
in effect1. Except as otherwise provided in subsection 4, 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. The Board may, for the use and benefit of the Board as a whole and not for any individual member of the Board, accept grants, donations and contributions of money from any source to assist the Board in carrying out the provisions of this chapter.
3. 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.
4. If a hearing officer or panel is not authorized to take disciplinary action pursuant to subsection 3 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 attorneys fees or the costs of an investigation, or both.
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-637.htmlFetched: 10/4/2026