NRS637A.080. Deposit and use of money received by Board; delegation of authority to take disciplinary action; deposit of fines imposed by Board; claims for attorney’s fees and costs of investigation.

      1.  All fees provided for in this chapter must be paid to the Board.

      2.  Except as otherwise provided in subsection 4, all money coming into the possession of the Board must be kept or deposited by the Secretary in banks, credit unions, savings and loan associations or other financial institutions in this State to be expended for the payment of the salaries and expenses of the members and employees of the Board and for other necessary or proper purposes in the administration 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 penalties therefor and deposit the money therefrom in banks, credit unions, savings and loan associations or other financial institutions 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 penalties 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.

      (Added to NRS by 1973, 991; A 1975, 151; 1983, 1539; 1989, 1700; 1993, 1340; 1999, 1534; 2005, 773)