Nev. Admin. Code § 366.10 — 366.10

NAC 366.010    Amount required for initial 2 years of operation. ( NRS 366.110 , 366.235 )
1.  Except as otherwise provided in NAC 366.030 and 366.040 , the Department will fix the amount
of security required pursuant to NRS
366.235 for an applicant for, or the holder of:
(a) A special fuel supplier’s license at three
times the estimated maximum monthly tax, but not less than $1,000.
(b) A special fuel dealer’s license at three times
the estimated maximum monthly tax, but not less than $100.
2.  During the initial 2 years that a special
fuel supplier or special fuel dealer operates his or her business, the
Department will review his or her monthly tax returns filed pursuant to NRS 366.383 or 366.386 every 6 months to determine
whether the estimated maximum monthly tax is accurate. If the Department
determines that the estimated maximum monthly tax is not accurate, the
Department will revise the amount of security required in accordance with its
review. If the Department increases the amount of security required, the
special fuel supplier or special fuel dealer shall increase his or her security
as required by the Department within 60 days after notification of the
increase.
(Added to NAC by Dep’t of Motor Veh. & Pub. Safety,
12-15-94, eff. 7-1-95; A 3-28-96; R096-00, 3-1-2001)