Nev. Rev. Stat. § 366.245 — Agreement with special fuel user or service provider for issuance and renewal of license and issuance of identifying device; surety bond; alternatives to surety bond; cancellation of agreement; regulations

NRS  366.245    Agreement with special fuel user or service provider for
issuance and renewal of license and issuance of identifying device; surety
bond; alternatives to surety bond; cancellation of agreement; regulations.
1.  Upon the request of a special fuel user
or a service provider, the Department may enter into an agreement with the
special fuel user or service provider which authorizes the special fuel user or
service provider to license a special fuel user or renew a special fuel user’s
license and issue the identifying device required by NRS 366.265 , if applicable.
2.  Before licensing a special fuel user,
renewing a special fuel user’s license or issuing an identifying device
pursuant to subsection 1:
(a) A special fuel user who enters into an
agreement with the Department pursuant to this section shall file with the
Department a bond of a surety company authorized to transact business in this
State for the benefit of this State in an amount not less than $25,000; and
(b) A service provider who enters into an
agreement with the Department pursuant to this section shall file with the
Department a bond of a surety company authorized to transact business in this
State for the benefit of this State in an amount not less than $50,000.
3.  If a special fuel user or service
provider provides a savings certificate, certificate of deposit or investment
certificate pursuant to NRS 100.065 in
lieu of the bond required pursuant to subsection 2, the certificate must state
that the amount is not available for withdrawal except upon the approval of the
Director of the Department.
4.  If at any time a special fuel user or
service provider is unable to account for an unissued license or an identifying
device, the special fuel user or service provider must immediately pay to the
Department an amount established by the Department.
5.  The Department may cancel an agreement
entered into pursuant to this section with any special fuel user or service
provider for refusing or neglecting to comply with the provisions of this
chapter.
6.  The Director shall adopt such
regulations as are necessary to carry out the provisions of this section.
7.  As used in this section, “service
provider” means a business or organization authorized by the Department to
license a special fuel user or renew a special fuel user’s license on behalf of
a special fuel user.