Nevada Administrative Code (Last Updated: January 6, 2015) |
Chapter576 Livestock and Farm Products: Dealers, Brokers, Commission Merchants, Cash Buyers and Agents; Alternative Livestock |
DEALERS, BROKERS, COMMISSION MERCHANTS AND AGENTS |
NAC576.080. Amount of required bond.
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1. The amount of bond, security or deposit required of a person licensed to act as a dealer, broker or commission merchant is based on the annual volume of his purchases, as follows:
(a) For a buyer of farm produce:
Annual Volume
of Purchase
Amount
of Bond
Under $200,000 .....................................................................................................
$10,000
From $200,000 to $600,000 ...................................................................................
12,000
Over $600,000 ........................................................................................................
15,000
(b) For a buyer of livestock:
Annual Volume
of Purchase
Amount
of Bond
$1
-
$650,000 ....................................................................................
$5,000
650,001
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730,000 ....................................................................................
6,000
730,001
-
1,040,000 ....................................................................................
8,000
1,040,001
-
1,300,000 ....................................................................................
10,000
1,300,001
-
1,560,000 ....................................................................................
12,000
1,560,001
-
1,820,000 ....................................................................................
14,000
1,820,001
-
2,080,000 ....................................................................................
16,000
2,080,001
-
2,340,000 ....................................................................................
18,000
2,340,001
-
2,600,000 ....................................................................................
20,000
2,600,001
-
2,860,000 ....................................................................................
22,000
2,860,001
-
3,120,000 ....................................................................................
24,000
3,120,001
-
3,380,000 ....................................................................................
26,000
3,380,001
-
3,900,000 ....................................................................................
30,000
3,900,001
-
4,450,000 ....................................................................................
35,000
4,450,001
-
5,200,000 ....................................................................................
40,000
5,200,001
-
6,500,000 ....................................................................................
50,000
6,500,001
-
13,000,000 ....................................................................................
55,000
13,000,001
-
19,500,000 ....................................................................................
60,000
19,500,001
-
26,000,000 ....................................................................................
65,000
26,000,001
-
32,500,000 ....................................................................................
70,000
32,500,001
-
39,000,000 ....................................................................................
75,000
39,000,001
-
45,500,000 ....................................................................................
80,000
45,500,001
-
52,000,000 ....................................................................................
85,000
52,000,001
-
53,500,000 ....................................................................................
90,000
53,500,001
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65,000,000 ....................................................................................
95,000
65,000,001
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71,500,000 ....................................................................................
100,000
2. The bond, security or deposit of any licensee whose license was issued before January 9, 1981, may be continued in force with the lower amount previously established, but the amount required by this section must be provided upon renewal of the license.
(Added to NAC by Dep’t of Agriculture, eff. 1-9-81)—(Substituted in revision for NAC 576.040)