Nev. Admin. Code § 366.50 — 366.50

NAC 366.050    Amount required after notification of cancellation of surety
bond. ( NRS 366.110 , 366.235 ,
366.350 )
1.  If the Department is notified that a
surety bond of a special fuel supplier or special fuel dealer has been or may
be cancelled, the Department will review the monthly tax returns of that
special fuel supplier or special fuel dealer:
(a) For the 24 months immediately preceding the
review; or
(b) If the special fuel supplier or special fuel
dealer has been in business less than 24 months, for the period he or she has
operated his or her business,
Ê to determine
the amount of security he or she will be required to provide.
2.  Within 15 days after the Department
receives notice that the bond has been or may be cancelled, the Department will
notify the special fuel supplier or special fuel dealer of the amount of
security required to retain his or her license. If the special fuel supplier or
special fuel dealer does not provide the security required by the Department
within 15 days after receiving notice of the amount of security required, the
Department will revoke the license of the special fuel supplier or special fuel
dealer.
(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)